Shiba Inu (SHIB) Set To Explode. Here’s The Latest

Key Points

1. Crypto analyst 'Cantonese Cat' suggests SHIB's prolonged downtrend since March 2024, with a 77% value loss, may reverse due to low sell-side volume and minimal buyer momentum.

2. On July 10, major SHIB holders (controlling at least 0.1% of supply) purchased 1.81 trillion SHIB tokens, a 1,247% increase from the previous month, signaling growing confidence.

3. SHIB's price recently surpassed $0.000013, marking an 11.3% gain, though analysts believe it still does not reflect its potential value.

4. Analyst 'SHIB Spain' projects SHIB could break past $0.000018 soon, with long-term growth potentially reaching $0.0001, while 'Crypto Candy' identifies short-term targets of $0.00001718 and mid-range targets of $0.00002502.

5. Despite bullish signals, skepticism remains about SHIB's long-term prospects, with critics arguing its peak performance may be behind it.