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Shiba Inu (SHIB), the meme-inspired cryptocurrency, is in the news again following early indicators suggesting a possible breakout. After a recent low of $0.00001182, Shiba Inu has increased by 1.47% and is showing bullish sentiment. This is happening as the entire crypto market cools down after the tariff complications, giving SHIB holders renewed hope. Last […]
Can $500 in Shiba Inu turn into $1,000,000 after the upcoming Bitcoin halving. Let's take a look at this Shiba Inu price prediction article.
In a bold forecast that is stirring considerable attention within the SHIB community, a prominent official from the Shiba Inu ecosystem has projected a staggering 250% surge in the token’s value leading up to the upcoming Bitcoin halving. Lucie, the marketing lead for Shiba Inu, expressed her confidence in a significant rebound for SHIB, predicting that the meme coin could surpass its 2021 all-time high (ATH) in the weeks ahead. This optimistic outlook comes despite the token’s recent 43% decline to $0.000026 from its recent yearly high at $0.000045. Lucie shared her personal investment move on X, revealing her purchase of SHIB during the recent dip at around $0.000024, amounting to $989.08. She dubbed this strategy “Bought the DIP, my lovely SHIB,” showcasing her belief in a strong move for the meme coin. With SHIB currently trading at $0.000026, a 70% decrease from its ATH of $0.00008845, the crypto must experience a swift and significant rally of 250% to achieve its previous peak. Related Reading: Shiba Inu Ecosystem Blooms: BONE Jumps 44% With $3 Target In Sight This ambitious target is set against the backdrop of the upcoming Bitcoin halving, expected to occur in 22 to 31 days based on various estimates. Bought the DIP. My lovely $SHIB. If someone can pull [a] miracle recovery, its SHIB. Im expecting ATH soon before or shortly after BTC halving. Nfa, Lucie remarked. Bought the DIP My lovely $SHIB If someone can pull miracle recovery its $SHIB Im expecting ATH soon before or shortly after BTC halving nfa pic.twitter.com/lOXoHgHWUl — | SHIB.IO (@LucieSHIB) March 20, 2024 Shiba Inu Set To Overtake Dogecoin? Lucie’s confidence may be mirrored in another daring prediction by the Shiba Inu team on X, where they assert SHIB’s potential to eclipse Dogecoin in market capitalization through strategic moves referred to as “Secret Wags.” Reacting to CryptoCom’s classification of SHIB as the second most valuable meme-inspired project, the Shiba Inu team hinted at a future where SHIB dethrones DOGE, stating, “[Number] 2 today, but the Doge days are numbered.” The competition between SHIB and DOGE is not new; both tokens have vied for dominance in the past. DOGE currently holds the #10 spot in market cap among all cryptocurrencies, with SHIB trailing closely at #11. The market cap gap between DOGE and SHIB stands at $4.14 billion, with DOGE boasting a market cap of $19.41 billion compared to SHIB’s $15.27 billion. Related Reading: Shiba Inu Open Interest Suffers 40% Crash, What Does This Mean For Price? To reach a new all-time high against its competitor, DOGE, SHIB would need to rally another 50% (SHIB/DOGE), building on the 98% gain against DOGE over the last four weeks. Despite previous attempts to surpass Dogecoin, the Shiba Inu team remains undeterred, buoyed by the growing utility of the Shiba Inu ecosystem beyond its meme coin origins. The development of Shibarium, a blockchain platform offering various utilities for crypto development, and the rallying support of the #ShibaArmy, underline the team’s determination. “We’ve got the #ShibaArmy, #Shibarium, and secret wags we can’t reveal yet. Get ready for a new top doggo. Much wows incoming! #SHIB,” the team enthusiastically stated. #2 today, but the Doge days are numbered. We've got the #ShibaArmy #Shibarium and secret wags we can't reveal yet. Get ready for a new top doggo. Much wows incoming! #SHIB https://t.co/GiCJ2OKCLv — Shib (@Shibtoken) March 20, 2024 At press time, SHIB traded at $0.00002566. Featured image from Shutterstock, chart from TradingView.com
We will talk about two potential reasons that could trigger SHIB price to $1. Let's take a look at this Shiba Inu price prediction
Shiba Inu, a meme coin often referred to as a “Dogecoin killer,” was created in August 2020 as an alternative to meme coins, including Doge. [...]
A staggering 522 million $SHIB tokens were burned in just seven days. Let's take a look at this SHIB price article in more detail.
Due to its rapid price growth, the SHIB token has drawn much attention in the cryptocurrency community. Many investors have begun to speculate about the [...]
From its previous bull market top of approximately $0.0000885 in October 2021, the Shiba Inu price has since corrected 80% to around $0.0000175. Then it [...]
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Shiba Inu price is up 14% over the last 24 hours and trades with a bullish bias at $0.00004926. SHIB’s trading volume and market value [...]
The Shiba Inu price has experienced substantial losses in recent months, and the excitement that characterized 2021 has waned.
Despite witnessing recent price increases and moving forward with ongoing developmental projects in its ecosystem, cryptocurrency analyst Zack Humphries has declared that SHIB, the native token of the Shiba Inu ecosystem, will not reach $1 anytime soon. Why Shiba Inu Will Not Hit $1 In a recent YouTube video, Humphries provided a compelling reason for why he believes that the price of SHIB will not reach the $1 milestone in the near future. The crypto analysts controversial statement is rooted in the belief that SHIB hitting $1, would position it as the most valuable cryptocurrency asset and the largest company by market capitalization. Related Reading: Bitcoins Rise To $52,000 Masks Potential Pitfalls Ahead, Analyst Warns Adding weight to his argument, Humphries pointed out the unparalleled value of Bitcoin in the digital asset market and the dominance of Apple Inc. as the worlds largest company by market capitalization. These formidable benchmarks make SHIBs ascent to $1 an almost impossible task, as it would have to surpass not only Bitcoin in the cryptocurrency landscape but also compete with established tech giants like Apple. Humphries has labelled any predictions and expectations of SHIB surging to $1 in 2024 as garbage. At the time of writing, the cryptocurrency is trading at a price of $0.0000098, reflecting a 5.64% increase in the past seven days, according to CoinMarketCap. The highest price Shiba Inu has been able to achieve since its inception is $0.000086 in October 2021. Following this all-time high, the cryptocurrency has struggled to achieve a significant price increase despite its rapidly developing ecosystem. SHIBs Recent Price Performance Lately, Shiba Inu has been witnessing steady gains, capturing the attention of major long-term holder investors. A massive shift in whale movements was recorded in the last few days, with over 2,500% surge in large holder inflows. Additionally, in the past week, Shiba Inu has displayed strong signs of a bullish recovery, which could see the cryptocurrency rallying by a staggering 73% and achieving new price highs. On February 16, SHIB erased a zero from its price and began trading at 0.00001. Related Reading: The Bitcoin Rally Is Far From Over: 2 Key Factors Behind The Momentum This uptick came as Bitcoin successfully crossed the $50,000 price mark on Monday, February 12. At the time of writing, the cryptocurrency is trading at $52,230, according to CoinMarketCap. While the prospects of Shiba Inu reaching the $1 price mark may appear distant, the cryptocurrency is still gaining steady momentum as more SHIB burns take place and new innovative projects are introduced into the ecosystem. In January alone, the Shiba Inu team recorded an impressive 9.35 billion SHIB burns. Moreover, with the imminent launch of the automated SHIB burn mechanism, additional token burns are anticipated. This could present an effective strategy to diminish the tokens circulating supply and enhance its value through increased scarcity. SHIB price struggles to keep up with the market | Source: SHIBUSD on Tradingview.com Featured image from CoinMarketCap, chart from Tradingview.com
Shiba Inu (SHIB) shows immense potential for a big price movement in the near future. The whale activity for SHIB has been increased by 92% and in a single day, 24 large transactions worth $46 million were recorded. This surge in the whale transactions has made some people have more questions about the future of […]
Shiba Inu (SHIB), the second-largest memecoin by market cap following Dogecoin (DOGE), is now experiencing a notable surge in its price after breaking through key levels in the past week. Currently trading at $0.00002877, SHIB has risen 14% over the past day, signaling renewed investor interest. However, the memecoin remains down by 4.3% over the past week and is still 66.6% below its all-time high of $0.00008616, recorded in 2021. Despite these mixed performances, analysts suggest a potential bullish trajectory for SHIB. Related Reading: Shiba Inu Braces For Rally Analyst Sees 35% Price Surge Details Shiba Inus Next Big Move Renowned crypto analyst Javon Marks has provided a positive outlook on SHIB’s price action in a recent post on X. Marks highlighted a recurring bullish pattern, indicating the possibility of a significant upward move. Shiba Inu has confirmed yet another bullish pattern, he wrote, emphasizing that similar patterns in the past have led to upward continuations. According to Marks, SHIB’s recent breakout could drive the price towards $0.000081, representing a potential 180% increase from its current value. Marks elaborated that this target is achievable and may already be in progress, given the asset’s recent movements. Such a rally, he noted, could position SHIB as a standout performer in the altcoin market, drawing attention from retail and institutional investors alike. $SHIB (Shiba Inu) has confirmed recently, yet another Bullish Pattern and all of its recent has led into continuations, so we can be in for yet another major upside move, but with breakouts holding and one implying $0.000081 to be in play, it can be greater than many think! With https://t.co/yiK6w67Cly pic.twitter.com/9wdsLpZdSi JAVONMARKS (@JavonTM1) December 11, 2024 Broader Altcoin Market Outlook While Marks penned his piece on SHIB, another prominent analyst known as Captain Faibik offered insights into the current state of altcoins. In a post that featured the chart image of BTC dominance forming an ascending trendline that seems poised for a 48% correction, Faibik suggested a positive outlook for the overall altcoin market. Particularly, he urged investors to remain patient, viewing the recent dip as a buying opportunity rather than a reason for panic selling. Faibik stated, Altseason hasnt arrived yet; this is just the trailer. Patience always pays off. Furthermore, Marks extended his bullish outlook beyond SHIB to include Dogecoin (DOGE), another widely-followed memecoin. In a separate analysis, Marks noted that DOGE is exhibiting strength and could potentially rally to $0.6533, possibly reaching as high as $1.2511 if it breaks key resistance levels. Related Reading: Dogecoin Defies Crypto Market Crash: Analyst Says It Looks Incredible This would represent a 56% to 90% increase from its current levels, highlighting the potential for further gains in the memecoin market. Featured image created with DALL-E, Chart from TradingView
Shiba Inu (SHIB) has been indicating a major bullish trend in recent days, which has brought the attention of the crypto enthusiasts back to this asset. In a recent X post, Javo Marks pointed to a very clear reaffirmation of a bullish trend for SHIB. He noted that the coin seems poised for more upside […]
Javon Marks has suggests that the SHIB token could be preparing to surge. In a recent post on X, Marks pointed out that the Shiba Inu will most probably regain its value and hit the 162% gain in the past several months. This has been supported by a Hidden Bullish Divergence which indicates possibility of […]
As the cryptocurrency market moves closer to the year 2025, Alan Santana has made some predictions about the possibility of a long term bull market and Shiba Inu (SHIB) in particular. In a recent post on X, Santana pointed out that the altcoin market is now in the last accumulation stage of 2024, and this […]
Shiba Inu (SHIB) surged in attention recently due to its highly anticipated layer-2 solution, Shibarium. Excitement grew as Shytoshi Kusama, the mastermind behind the project, [...]
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