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▲ Shiba Inu (SHIB)/ChatGPT generated image ©
Despite a prolonged price slump, massive accumulation of Shiba Inu (SHIB) by whales, coupled with news of spot trading support in the Japanese market alongside assets like XRP (Ripple), has led to analyses suggesting a huge rebound is quietly brewing beneath the surface, drawing significant market attention.
According to crypto media Watcher.Guru on April 11 (local time), Shiba Inu will officially support spot trading on Japan's Rakuten Wallet starting April 15, along with major assets such as XRP and Dogecoin (DOGE). Official approval in the Japanese market, which has one of the world's strictest cryptocurrency regulatory environments, implies more than just a listing; it signifies proven long-term growth potential and reliability for the asset.
Despite sluggish price movements, large investors' rapid accumulation has not stopped. In late March, a whopping 30 billion units were withdrawn from exchanges, reducing platform holdings to approximately 81 trillion units and significantly lowering the potential selling pressure that had been weighing on the market.
Furthermore, in early April, a wallet linked to BitGo swept up 120 billion units across four transactions, demonstrating a strong intention for long-term holding rather than short-term selling. The current price, trading around $0.0000059, is a 93% plunge from its all-time high of $0.000086 recorded in October 2021. However, large capital is fully utilizing this period as an excellent opportunity for low-price buying.
Short-term and mid-to-long-term price forecasts have also been specifically presented. According to the statistical model platform CoinCodex, there is a possibility of it rising to around $0.000004975 by the end of the third quarter of this year, and it is analyzed to form a stable price range of $0.000005161 by the end of December in the fourth quarter.
Based on CoinCodex's long-term prediction model, it is projected to reach $0.055161 by the end of this year, a 12.18% decrease compared to the current ratio. Furthermore, it is estimated to reach $0.053245 in 2030 (a 44.77% decrease), $0.00001025 in 2040 (a 74.38% increase), and $0.00002856 in 2050 (a 386.05% surge), offering various scenarios for long-term investors.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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