For the last few days, the entire cryptocurrency market is bleeding because of Ukraine and Russia crises. Major cryptocurrencies like Bitcoin (BTC), Cardano (ADA), Ethereum (ETH), etc continue to plunges. Meanwhile, experts believe that the Dogecoin (DOGE) killer, Shiba Inu (SHIB) is getting ready to explode any time soon.
As with many crypto coins, Shib has also gone through massive dumps but experts are extremely bullish on Shiba Inu (SHIB).
The reason is that in the last 24 hours, there was a huge spike in the transaction volume of the large wallet investors. We can predict that many big whales have filled their bags with Shib during this dip.
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As per analysis, the top 100 Shiba Inu holders have added more Shib tokens to their portfolio during this dip. The Active addresses on the Shiba Inu network have increased 880%.
As per experts, Shiba Inu can gain up to 30% after the breakout. At the time of writing this article, Shib was trading at $0.00002235