The majority of cryptocurrencies are scurrying around in an effort to conclude the third quarter on a high note as the month and third quarter are quickly coming to a conclusion. Shiba Inu’s aim for growth is highly risky because, according to statistics from CoinMarketCap, a lot of fundamentally sound developments have resulted in little to no rise in the token’s value.
Task before SHIB whales
Shiba Inu is already displaying some signs of whale activity in its trading volume, which is currently estimated to be $79,975,595 after seeing a tremendous 31% overnight rise.
The trade volume visibility could not be as successful in sparking a comparable price spike, necessitating a change in strategy. Although the increase in trading volume is an indication of a healthy and highly liquid Shiba Inu ecosystem, it will require a lot more organised accumulation of SHIB tokens to make history and make Q3 the biggest month for the meme currency this year.
Shiba Inu hasn’t actually had any successful quarters so far this year, in actuality. The token has lost 4.1% over the last three months, but has grown negatively during the last six months and by more than 13% year to date (YTD).
If just important market players inside the Shiba Inu ecosystem can apply considerably stronger purchasing pressure to print as little as a 5% jump to offset the losses of the previous three months, the present narrative and perspective might drastically shift.
Too late to try?
Shibarium, whose dApp library is only starting to gain traction and may not have as much ability to carry off such a desired history in such a short period of time, is Shiba Inu’s secret adoption weapon.
However, in the long run, Shibarium could set the tone for significant expansion of Shiba Inu globally.
