WILL WHALES ROTATING ETHEREUM PROFITS TO SHIBA INU MEASURE UP IN THE LONG RUN?

Memecoin mania has undoubtedly taken centerstage even though bigger coins are presenting decent market gains. Well, the reason is - Massive hype and the even higher gains that meme coins like Shiba Inu have to offer. SHIB’s price, for instance, is up by 1130% in less than a month. In fact, over Q3, Shiba generated close to 631.73% ROI to its HODLers.

So, the pertinent question here is- can the 11th ranked coin, ome that initially landed in the market as a DOGE-killer, make a good addition to your portfolio?

Over the last three months, SHIB has made its way into the top ten coins by market cap. However, as the larger market gained momentum SHIB’s rank fell soon. Surprisingly, the asset still holds the 11th rank and seems to be working on its use cases too.

On the other hand, Bitcoin and Ethereum have been making new ATHs, dominating the larger market with their bullish trajectory. So, does it still make sense to have SHIB in your portfolio?

Well, be a many one-hit-wonder. thought that SHIB The would coin’s market pretty well cap to dominance that narrative. seems Additionally, to hold as surprising as it may sound, Ethereum profits to whales SHIB. seem Notably, to be rotating on 8 November, bought 31,343,807,428 ETH whale SHIB ‘Gimli’ almost $1,729,551. worth Additionally, Shiba Inu holders the has total been number rising for of number the past two months. In fact, the Reportedly, has a now Shiba crossed Inu whale 930,000. $1.15 billion worth of SHIB added to wallet bull a run. Consequently, during the BTC this and move ETH turned investors On the historical bullish front, on the accumulation meme coin. by for SHIB’s whales price. fueled a bullish narrative Recently, announced after in their AMC Q3 entertainment earnings call that accepting they SHIB are exploring ways of payments volumes, SHIB at their instantly theatres, surged. social Now, However, if AMC's the same plan gets is still implemented, in talks. SHIB could explode yet again. For now, Shiba though, Inu holders the has total been number rising for of has the past now two crossed months, 930,000. and the number

Additionally, exchanges is still SHIB’s on a supply downtrend on while the accumulation trend upholds.

The how attached conviction chart to HODL further is highlights still high for addresses, SHIB. despite Furthermore, SHIB’s recent active consolidation, though active have addresses held well. are down Even from still holding 100K at a good their peak level. to 23K, it is

its By and large, since it SHIB seems is like holding dog rank coin pretty is here well, to stay. this