This influencer expects canine coin, SHIB, to make another price rise soon
Former US Congressional candidate David Gokhshtein, who has focused his attention on crypto and founded Gokhshtein Media, believes the Shiba Inu is “to take another step”.
This is not the first time recently that he has mentioned SHIB in his tweets, speaking positively about this meme token.
Gokhastan praises SHIB again, know why
The Shiba Inu has been on the rise over the past few days, leaving the community watching the charts with bated breath. On August 14, the second-largest canine cryptocurrency gained over 36%, rising from $0.000001281 to the level of $0.00001748.
The following day, Gokhshtein took to Twitter to opine that SHIB was “fueling up for another leg.” A week before that, he tweeted that “Shib also looks like it wants to rip.”
Overall, this year, Gokhshten has been pretty positive on SHIB, tweeting that it’s a “great model” and recommending seeing how their ecosystem plays out over the course of the next 12 months.
In March, he even ventured to write on his Twitter page that he sees the token’s price reaching $0.001.
This Is Why SHIB Is Up 40% Recently
As recently reported by U.Today, there are three possible reasons why SHIB has shown a growth of around 40% over the past few days.
The first is that the frontman of Ethereum blockchain (and one of its founders) recently named the likely date for the long-expected Merge upgrade: Sept. 15. As a reminder, SHIB runs on Ethereum along with multiple other altcoin networks.
The other thing that pushed the price of SHIB was the increase in retail interest as top Ethereum whales continue to receive tens of millions of USD in SHIB, and Sentiment has recently seen a huge increase in transactions on the SHIB network as there is a close to $100,000. The amount was transferred. , This is equivalent to 1,089,692,794 Shiba Inu tokens.
The third reason is that the overall value of the crypto market has surged above the $1.2 trillion level after dropping to $875 billion in mid-July.
SHIB. Whale’s $191 million stake in
According to data provided by WhaleStats on-chain data aggregator, over the past 24 hours, the top 100 whales on the Ethereum chain have achieved $4.3 million worth of SHIB, adding this amount to the $187,257,510 they held yesterday .
Now, the table on the WhaleStats website shows that the largest 100 whales are holding a total $191.2 million in this canine token. That comprises 5.96% of their crypto investment portfolio.
