The Shiba Inu (SHIB) ecosystem has been recovering after a slow weekend. The asset started the new week on a good note. While the meme coin tries to step back into the spotlight, the community is eagerly waiting to pocket major gains. It should be noted that the majority of investors in the SHIB market are whales. According to recent reports, the Shiba Inu ecosystem is dominated by large investors. To be precise, 58.49% of them are whales. Other investors account for only 41.51%. A possible rise in the asset’s price could benefit the entire SHIB ecosystem, but whales stand to gain the most.
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How High Is Shiba Inu Priced At Today?
Shiba Inu had a fairly good run over the past 24 hours. The meme coin went from trading at a low of $0.00001211 all the way to a high of $0.00001279. This marks a 2.19% increase during this period. At the time of writing, SHIB was trading at $0.00001272.
Similar to its price, the daily trading volume of SHIB recorded a massive uptick. According to data from CoinMarketCap, the 24-hour volume of the meme coin surged by over 60% and currently stands at $145.46 million.
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80% Rise On The Cards For The Meme Coin?
The cryptocurrency market has time and again exhibited extreme volatility. As a result, a double or triple-digit surge on a random Thursday afternoon doesn’t come as a surprise to cryptocurrency investors. Data from CoinCodex revealed that this week will be extremely bullish for SHIB. The firm pointed out that on April 24 and 25, the asset will record a 117% and 88.48% rise, respectively. On April 25, the meme coin will be priced at a high of $0.00002392. This comes after a slight drop from its previous day.
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