Shiba Inu buybacks and adoptions could revolutionize the upcoming Bull Run
According to data from WhaleStats, SHIB is among the 10 most purchased coins by the top 1,000 ETH wallets tracked by whale watch. Most cryptocurrencies, including Shiba Inu, are range-bound, awaiting the next bull run, also known as Bull Run. Whales often take advantage of down and scared moments like these to accumulate their favorite tokens for a lower price.
The numbers on this site show the buying behaviors of the 1000 largest Ethereum wallets without exchange, with meme tokens Shiba Inu (SHIB) and Dogelon Mars (ELON) being the most purchased in the last 24 hours.
This leads some analysts to believe that investor interest in meme tokens, which peaked this year, could also continue until 2022. From CoinGecko data, SHIB stock has risen a whopping 58.291.247% this year at a current price of $0.0000342.
Adopting a Shiba Inu can speed up Bull Run
SHIB adoption continues to grow as cryptocurrency payments company Flexa has added support for Shiba Inu, meaning SHIB holders can now spend it at nearly 40,000 stores in the US. The growing list of supported merchants includes GameStop, Nordstrom, Lowe's, Petco, Bed Bath & Beyond, Ulta Beauty, and many more.
BitPay, the largest cryptocurrency payment company, recently announced the integration of Shiba Inu into a wallet app that allows you to store, buy, exchange and spend cryptocurrencies.
Shiba Inu (Chip) Price
The expected rally in the major digital assets are considered bullish signals for Shiba Inu. Chip whales are also expanding their holdings as Chip price consolidates before the next breakout, which means that important entities will continue to accumulate.
With a 24-hour trading volume of $1,503,762,663, the price of Shiba Inu is $0.0000342 at the time of this post.
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