Shiba INU managed to boost its price by over 2% during the past week. In the wake of its disappointing performance and the shocking events of the last few days, Shiba Inu has lost its status as the most sought-after cryptocurrency among the Ethereum whales.
Despite Shiba Inu’s poor price prediction and performance, Ethereum whales have not given up on the meme coin. Shiba Inu’s price is falling, while the MVRV (Market Value to Realized Value) ratio of the token is rising.
Some investors anticipate the coin to grow in the upcoming month. If SHIB price ends its trade for 2022 on a bullish note and carries forward its legacy. With further impetus from initiatives such as DAO, Shiba Inu game, and NFTs, the Shiba INU Price Prediction according to Coinpedia could breach the target of $0.00002962.
What is your price prediction for end of 2022 and whales loading up Shiba INU will make its price surge?