02 Dec 2022 · 3 min read

Shiba Inu Price Prediction as SHIB Sees $100,000,000 Trading Volume Come In – Pump Incoming?

SHIB in a downtrend. Source: TradingView

Shiba Inu, the Ethereum-based token that powers the Shiba Inu ecosystem, was last trading around the $0.000009 level and within recent ranges on Friday, with cryptocurrency markets in wait-and-see mode ahead of the release of key US jobs data. The SHIB token is about 13% up versus the multi-month lows it printed just above $0.000008 in late November, having been bolstered by a broad recovery in the cryptocurrency market, though sentiment remains fragile in the wake of last month’s abrupt collapse of the FTX exchange.

SHIB/USD is up about 13% from recent lows. Source: TradingView

SHIB Sees Over $100 Million in Trading Volume in 24 Hours

SHIB has seen trading volume across major cryptocurrency exchanges of over $125 million in the past 24 hours. That’s impressive, but, according to TradingView data sourced from Coinbase, doesn’t represent much of a deviation from the volume profile that SHIB has seen in recent weeks. 

The lack of volume at the moment likely suggests that a pump in SHIB’s price isn’t coming anytime soon. Volume spikes typically happen at the same time as significant SHIB price movements, which often involve a quick pump followed by a sudden dump in prices.

SHIB's recent volume spikes coincide with high volatility. Current volume is low. Source: TradingView

Price Prediction - SHIB To Pump From Here?

SHIB’s latest rally from lows has seen it move back above its 21-Day Moving Average. SHIB bulls will be hoping that this means the cryptocurrency can soon push back above the $0.000010 level and challenge the next group of major moving averages between $0.000010-11.

However, even if SHIB is able to manage a bullish push, many technicians think that its prospects for further neat-term upside look limited. That’s because the cryptocurrency has been moving lower over the last few months within a bearish trend channel. The pattern has been a pump, a fall to fresh lows, and repeat. Should the pattern continue, it seems likely that after a push to the $0.000013 area, the next stop for SHIB might be a retest of the annual lows just above $0.000007.

SHIB in a downtrend. Source: TradingView

Alternative Altcoins To Consider

Dash 2 Trade (D2T)

Those interested in investing in a promising crypto trading platform start-up should look no further than Dash 2 Trade. The up-and-coming analytics and social trading platform hopes to take the crypto trading space by storm with its host of unique features. These include trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system and a strategy back-testing tool.

Dash 2 Trade’s ecosystem will be powered by the D2T token, which users will need to buy and hold in order to access the platform’s features. Dash 2 Trade is currently conducting a token pre-sale at highly discounted rates. D2T token sales recently surpassed $7.75 million and the sale will soon enter its fourth phase, with nearly 90% of stage 3 tokens sold. When the pre-sale enters its fourth stage, the token pre-sale price will rise to $0.0533 from $0.0513.

Visit Dash 2 Trade here

RobotEra (TARO)

RobotEra is an early-stage sandbox-style crypto metaverse project that hopes to usurp the likes of Decentraland and The Sandbox with superior graphics and a more gamified feel. The RobotEra metaverse will feature a variety of different play-to-earn and player-versus-player games.

In just a few days since the start of its pre-sale of the TARO token that will power the in-metaverse economy, RobotEra has already raised close to $300,000. Once RobotEra has raised $1.8 million, the price of the TARO tokens being sold will jump to $0.025 from their current $0.020 level, so interest investors are encouraged to get in quickly.

Visit RobotEra here

Calvaria (RIA)

Major blockchain-based games like Axie Infinity lost significant traction in 2022. As a result, many investors interested in the crypto gaming space are looking for alternative avenues. Calvaria, an up-and-coming play-to-earn battle card crypto game, could be a good alternative. Calvaria seeks to boost crypto adoption by creating a bridge between the real world and crypto, a fun and accessible crypto game.

Investors should consider Calvaria's RIA token pre-sale. Calvaria has now raised $2.18 million and is in the final stage of its fundraising process. Only 30% of pre-sale tokens remain up for grabs.

Visit Calvaria Now