Shiba Inu Price Prediction: 3 Trillion SHIB Volume Vanishes – Is SHIB Going to $0?

The Shiba Inu price has risen by 6% in the past 24 hours, with the meme token rebounding to $0.00001381 on a positive day for most major tokens.

SHIB is now up by 15% in a week and by 21% in the past fortnight, although the meme coin remains down by 26% in the past year.

This latter percentage is disappointing, and what’s worrying about Shiba Inu is that even the rally of the past week has done little to alter its fundamental position, with large transactions falling by around 3 trillion SHIB over the past week.

This suggests that the token may not do as well as other alts during the current bull period, although with numerous launches and updates on the horizon, the long-term Shiba Inu price prediction remains good.

The drop-off in large transactions (worth at least $100,000) has been sudden, falling from 6.04 trillion SHIB a few days ago to only 1.87 trillion SHIB in the past 24 hours.

This is a 69% decline, suggesting that demand may be departing SHIB already.

That said, some perspective is in order, in that the figure for the past 24 hours lags behind SHIB’s rally today.

In other words, this figure is likely to rise today, and if we look at the large transaction chart below, we see that it’s quite normal for volumes to fluctuate from week to week.

As such, the recent drop from a peak of 6 billion on July 13 isn’t particularly alarming, and if we look at the Shiba Inu price chart today, we see that it continues to build upwards momentum.

Its indicators continue to rise from previously oversold positions, and we can see that they haven’t yet become overbought.

For instance, its relative strength index (yellow) has almost touched 70, but its trajectory suggests that it will hit 75 or 80, if not higher.

The same goes for SHIB’s MACD (orange, blue), which has only recently turned positive, meaning that the token still has more gains in it.

Assuming that the market continues its rally, we could see SHIB hit $0.000020 by the end of August, before ending the year close to $0.000040.

This ascent will find support in upcoming updates and launches (e.g. Alpha Layer), with Shiba Inu still working hard on being more than a meme coin.

If Shiba Inu remains unconvincing for some traders, they may want to diversify into one of the newer meme coins in the market.

This could include highly volatile tokens such as SPX6900, Pump.fun and Pudgy Penguins, but it could also include presale coins, which can often rally big when they list for the first time (particularly if they’ve had a big sale).

One of the most interesting presale coins right now is TOKEN6900 ($T6900), a meme coin that, like SPX6900, has taken its memes from the dot-com bubble of the late 90s and early 2000s.

TOKEN6900 HAS RAISED $500K. u in? pic.twitter.com/2ZmeGYdOsL

It opened its presale a few weeks ago and has already gone on to raise more than $500,000, offering an encouraging sign of its future popularity.

In contrast to Shiba Inu, which has been striving in recent years to give itself more utility, TOKEN6900 is making a point of not having any.

On its website, it proudly declares that its value doesn’t come from fundamentals, but rather from “Delusion, Irony, And The Collective Hallucination Of Terminally Online Trader.”

So instead of offering a useful platform or app, it’s basing its growth on its viral marketing campaign and on cultivating a community of evangelists.

This approach seems to be working so far, judging by the growth of its sale, and given the recent successes of SPX6900, it could do well once it launches.

As a token, it has a max supply of 930,993,091 T6900, with holders able to stake the coin for a regular income.

Investors can join its sale by going to the TOKEN6900 website and connecting a suitable wallet.

T6900 currently costs $0.0066, although this will rise again in a couple of days.

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