Syed Imran Haider 
This cryptocurrency specialist thinks that Shiba Inu could experience a 10% price increase.
Ali Martinez, a crypto analyst, and trader, took to his Twitter handle on Monday to share a forecast with the SHIB army. This prediction may make the SHIB army pleased.
He tweeted that SHIB, the second-ranked canine token by market capitalization, may rise 10%. He was referring to the value of the market capitalization of the token.
The analyst gave the piece of advice to keep a close eye on the point on the chart. Which could either result in the price of SHIB maintaining its current upward trend. Or resulting in the price of SHIB beginning a new downward trend
According to that data, the price of a Shiba Inu has dropped by around 5 percent during the course of the previous day.
The Cost of SHIB Goes Decreases
Martinez distributed a graphic displaying 1000SHIB/TetherUS Perpetual Futures. Traders should wait for a 30-minute candle to close above the $0.0146 level or below the $0.0142 level. Before making any decisions regarding the price movement.
As he warned that the rising price movement requires confirmation. Either one will indicate the course that the price of SHIB will begin to take from that point onward.
When we take a look at the chart presently, we can see that there was a red 30-minute candle on the chart. And the price has decreased by more than 4% since then.
The second most popular meme coin has suffered an overall loss of more than 5% over the course of the previous twenty-four hours. And it is currently trading at $0.00001395.
It is not clear at this time whether or not that marks the beginning of a fresh downward trend for SHIB. SHIB whales purchase $128 million worth of SHIB over the course of the past six days.
The top hundred wallets on Ethereum had amassed a staggering $128 million worth of Shiba Inu. At the current market rate, this amount denoted in cryptocurrency is equivalent to 9,149,392,423,159 SHIB.
Because of this, the coin based on the Shiba Inu doge became the most valuable cryptocurrency. The value that these whales had in terms of equal dollars in United States currency holding these whales.
They had a total of 728,981,399 dollars’ worth of bitcoin under their hands as of Monday. However, as a result of the whales selling part of their SHIB holdings. This number dropped a little bit over the course of the previous night.
Their bank accounts currently hold a total of $708,456,318. SHIB now make up 17.82% of their whole portfolio constituted of investments.
Increase in the Number of SHIB Holders
More encouraging information has been received by the SHIB army. According to the data that was published by the analytics platform CryptEye. The overall number of Shiba Inu holders increased by 1,848.
During the course of the last 24 hours, bringing the total number to 2,335,501. Data from a third cryptocurrency tracking platform called WhaleStats.
It reveals a much different estimate for the overall number of SHIB holders. They claim that it’s now at 1,300,377 right now.
Expectations of Shibarium Are Still Prevalent
Since the middle of January, the SHIB army has been anticipating great excitement. The imminent release of the beta version of the Shibarim Layer 2 protocol, was announced by the creators.
The chief developer uses the nickname Shytoshi Kusama on social media. Even provided a hint regarding the precise date on which the game will be made available. They refer to it as “a heart-shaped package.”
Many people interpreted this to indicate February 14, which is Valentine’s Day. In spite of numerous assurances made by Kusama since the beginning of 2022 that Shibarium will be released “very soon.”
Recent reports suggest that the much-anticipated release of the Layer 2 protocol may be postponed once more. This is despite the fact that Kusama has been lavishly disseminating these assurances.
