Shiba Inu is dubbed one of the most iconic coins in the cryptocurrency domain. The token’s 2021 price has left quite an impression on people, leaving them in awe and appreciation for crypto in a holistic manner.
As Bitcoin claims a new high, SHIB is also surging and pacing ahead, with analysts forecasting a 1000% surge for SHIB shortly.
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Santiment Shares New Data On Shiba Inu
Image Source: Watcher Guru
According to Santiment, Shiba Inu is forging new milestones ahead. The portal took to X to share new details about SHIB, adding how Shiba Inu has surged remarkably in the past 11 days.
The token has marked a 43% peak in the past nine days, with on-chain activity spiking to an all-time high. Compared to other meme coins, SHIB’s price pace remains consistent and focuses on claiming a new price peak.
The portal later shared how the SHIB whale activity peaked, with large transactions flooding the token from all sides. These transactions have also reached a record 10-week high, indicative of SHIB’s potential price rise in the future.
“Shiba Inu has surged +43% in the past 9 days, with on-chain activity notably surging compared to altcoin alternatives and other meme coins. In addition to volume, circulation, and whale transactions spiking to 10-week highs, social dominance is up as well. This indicates that FOMO toward SHIB is significant right now, and the likelihood of a local top is increased. In order for the #13 ranked market cap to surpass its $0.000043 year-high made back in February, traders should wait for the high bullish narratives to calm down slightly.”
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Token To Surge 1000% Analyst Adds
With SHIB’s spectacular price trajectory, the token is poised to hit a new milestone soon. According to analyst Austin Hilton, the ship may quickly ascend to a new high, possibly claiming a new price peak 1000% above its current price level.
He added that the current FOMO levels and positive market sentiment may help SHIB claim new unprecedented highs.
“Shibu is absolutely on fire, rocketing up.” Hilton later shared.
Another noteworthy analyst, Oscar Ramos, further shared a similar analysis concerning SHIB. Ramos took to X to share how the token could hit new price levels soon, possibly aiming for a 750% increase with its burn mechanisms, which would add more support to its price.
“We haven’t seen SHIB at four zeros in ages—this could be a pivotal moment.”
Also Read: Shiba Inu: Could FOMO Drive SHIB Coin Toward 90% Rally?
