The post Shiba Inu Whales Gather Billions of SHIB Tokens as Dogecoin Surges – Could This Spark a SHIB Rally? appeared first on Coinpedia Fintech News

The cryptocurrency market had a tumultuous month in March and several asset’s highs and lows have received mixed reactions from the community due to the market’s extreme volatility. April started with Bitcoin’s consolidation phase and Elon Musk’s surprise for the community and Dogecoin enthusiasts. 

After Musk changed the logo of the microblogging site, the price of Dogecoin soared. However, rival meme-coin Shiba Inu was still battling an important resistance SHIB has been unable to keep up with a sharp increase in Dogecoin prices, and the upside movement is still restrained by its 50-day moving average, which is currently $0.00001150. But, the whales went on a shopping spree, taking advantage of the situation, and started to accumulate Shiba Inu.