Analyst Predicts Shiba Inu to Soar 50% Amidst Meme Coin Market Rise

Well-known cryptocurrency expert and enthusiast Dami Defi has offered his insights on the price action of Shiba Inu, predicting a surge in the crypto asset as the Meme coin market sees a fresh wave of demand. Given the optimism around meme coins lately, Dami Defi is confident that Shiba Inu could rise by over 50% shortly. Shiba Inu Price Could Rise By 20% Shiba Inu (SHIB) has become one of the leading meme coins, attracting positive outlooks from several analysts in the crypto space today. Even though Shiba Inu began the week on a negative note, Dami Defi believes the meme coin can potentially surge in the short term. Related Reading: Crypto Analyst Predicts 350% Surge For Shiba Inu Heres The Target According to Dami Defi, the digital asset’s price has formed a descending wedge pattern in the 1-day timeframe. Should SHIB break out of this falling wedge pattern, Dami Defi anticipates an over 50% surge in Shiba Inu’s price. This 50% increase will take the crypto asset from its present price to the $0.000035 level. The analyst predictions align with Ali Martinez’s forecast, highlighting that the digital asset’s price is moving in a descending parallel channel.  While Dami Defi anticipates an over 50% price surge for Shiba Inu, Martinez expects the crypto asset to rise by over 20% in the short term. Martinez’s anticipated 20% increase will take the crypto asset from the $0.00002444 price to the $0.00002954 level. Martinez appears bullish on Shiba Inu, as he had predicted the asset to reach $0.000072323. He highlighted that SHIB on the daily chart seems to be forming a bull flag, indicating an impending movement on the upside. Due to this, the expert opened trade at around $0.000018343 in hopes of a strong breakout that will take Shiba Inu to $0.000072323. Martinez’s prognosis, fueled by March’s rally, indicates that SHIB’s value may rise even further, providing investors in this thriving and active sector of the cryptocurrency market with a positive outlook for the meme coin. SHIB Predicted To Repeat 2021 Price Trend Or Even Better Shiba Inu’s marketing head, Lucie, delved into the memecoin’s price action. Lucie claims that during October 2021, SHIB, with no burns and no significant adoption at the time, witnessed a surge from $0.000007 to $0.000088 in just a matter of days, indicating an over 1,100% rise. Related Reading: Shiba Inu Price Prediction: Crypto Analyst Says Massive Surge Is Coming, Heres The Target With the massive burns and widespread seen today within the SHIB ecosystem, Lucie might be suggesting the potential for the asset to reiterate this move or even further in this bull cycle. If this trend repeats, SHIB’s price might reach $0.00025 in this bull cycle. Lucie also underscored the consistent support by SHIB’s robust community and strong Shibarium ecosystem since 2021, which might also catalyze Shiba Inu’s growth. At the time of writing, SHIB was trading at $0.00002366, demonstrating an increase of over 4% in the past week. Despite the price rise, its market cap has been down by 2.59%, while its trading volume has been up by 1.79% in the past day. Given the momentum in the meme coin market, SHIB may be able to see more gains in the coming months. Featured image from iStock, chart from Tradingview.com

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Shiba Inu BonFire: 40 ETH Ready To Burn

Shiba Inu’s prominent member and marketing specialist, Lucie, indicated that there will be a burning event for SHIB tokens, where a certain amount of SHIB tokens will be intentionally destroyed or taken out of circulation. As per the X post, a total of 40 Ethereum [ETH] has been gathered for the token burn. This collected […]

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Shiba Inu May Rise 250% Pre-Bitcoin Halving, Predicts SHIB Team

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

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Shiba Inu Official Says SHIB Will Hit $0.01

Lucie, the Shiba Inu ecosystem content marketing specialist, has shared her longstanding perspective on SHIB’s future, suggesting a potential value…

The post Shiba Inu Official Says SHIB Will Hit $0.01 first appeared on The Crypto Basic.

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Shiba Inu Whale Accumulates 261 Billion Shib Tokens In Just Three Days

A top SHIB whale added $1.18 million worth of Shiba Inu within 24 hours. Data from Etherscan.io reveals that this whale ranked as the nineteenth largest SHIB holder accumulating 140 Billion SHIB. The whale acquired the SHIB tokens in two separate transactions marking its second massive accumulation within 72 hours. SHIB Token Burns And Shibarium [...]

The post Shiba Inu Whale Accumulates 261 Billion Shib Tokens In Just Three Days appeared first on Crypto Breaking News.

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Shiba Inu Teaser: What’s Cooking? Peep Inside This Shibarium Video

Lucie Sasnikova, a prominent member of Shiba Inu, just released a teaser that alludes to a major announcement soon. As the community eagerly anticipates the scaling protocol’s mainnet deployment, the meme token ecosystem has heated up. On July 24, Sasnikova wrote, “We are cooking something,” along with a GIF that featured Shibarium’s logo. As usual, […]

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Shiba Inu Team Sparks Interest With Another Eye-Catching Collaboration

Shiba Inu’s prominent member Lucie Sasnikova dropped a major teaser hinting at a potential collaboration with Vodka beverage brand ROCK’N. Her tweet was subsequently retweeted by project lead Shytoshi Kusama. Community reactions were mixed. Some SHIB supporters were pleasantly amused and got inventive proposing quirky names like “It Should Be Shibodka!”, “SHIBQUILA for me, please! […]

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Shiba Inus Vigorous Push For Spot ETF At Grayscale

Ramping up efforts, Shiba Inu team members have put up a change petition to gather community support for a spot SHIB ETF at Grayscale Investments. Addressing the CEO of Grayscale, Michael Sonnenshein, the petition asserted that an ETF would simplify for a broader audience the process of investing in SHIB, removing the hurdles associated with direct purchases […]

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Shiba Inu: Shibarium Transaction Activity Spike Amid Market Growth

Shiba Inu layer 2 blockchain platform Shibarium, has witnessed a notable surge in transaction activity carried out on the platform, with its daily transaction performance reaching a new monthly high. Shibarium Daily Transactions Skyrocket The number of transactions on the layer 2 blockchain has skyrocketed since Shibarium was introduced, surpassing multiple noteworthy benchmarks. Recent data from Shibariumscan has revealed an uptick in daily transactions, soaring to about 3 million. Related Reading: Shiba Inu Ecosystem Soars: Shibarium Hits Crucial Milestone The rise in daily transactions to the coveted 3 million milestone marks the highest the network has seen this month. This comes weeks after the number of daily transactions on the network plummeted to about 1.07 million. Consequently, the notable rise showcases how quickly Shibarium has spread and gained widespread recognition in the past few weeks. This appears to be a significant development. However, it is still below the highest level it recorded in December.  Shibarium has seen large increases in network activity before when its daily transactions reached a peak of around 7.5 million. After crossing the 7 million mark, it managed to maintain above this level for a month before dropping by almost 50% in January.  Data from the Shibarium tracker also shows that the network has reached a major milestone in its overall transactions. According to Shibariumscan, the total number of transactions recorded on the platform since its launch has surpassed 357 million. It is worth noting that Shibarium’s performance goes beyond the network’s transactions. There have been over 3.27 million blocks processed on the blockchain, suggesting a crucial increase in demand for scalable features. Furthermore, the overall number of interacting wallet addresses recorded in the network has now crossed 1.35 million. In addition, the network utilization is up by over 51%, indicating an increase in adoption. Due to this sharp rise in Shibarium network activity, investors’ interest in Shiba Inu is expected to increase. Hence, it buttresses all other projects and crypto assets in the SHIB ecosystem. Shiba Inu Team To Burn Top Shibarium Tokens  Lucie, Shiba Inu’s head of marketing, has revealed the team’s plan to burn SHIB and several other top Shibarium tokens. She took to the X platform to share the development with the SHIB community. Related Reading: Shiba Inu Team Teases Next Big Thing As Big Money Eyes SHIB Lucie noted that funds made from the sale of the new NFT collection Shiboshis will be used to burn the tokens. These include Shiba Inu (SHIB), Bone ShibaSwap (BONE), LEASH, TREAT, and SHI. Specifically, any Shiboshis that the holders fail to claim will be sent to Uniswap for sale. Then, the Shiba Inu team will use 10% of the total realized funds from those sales to burn the tokens. 4% of the funds will be set aside to burn BONE, LEASH, TREAT, and SHI, while 6% will be used to burn SHIB. Featured image from iStock, chart from Tradingview.com

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Shiba Inu Name Echoes Across 41,300 ConversationsWhats The Buzz?

Shiba Inu (SHIB) has piqued the interest of crypto aficionados this week, with its price rising by more than 60% as part of the broader cryptocurrency market rally. SHIB, the second-largest meme coin by market capitalization, is now trading at approximately $0.00002803 with a 24-hour trading volume of $5.69 billion. This steep surge inspired a [...]

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Shiba Inu Team’s Marketing Pro Envisions Memecoin Igniting Next Bull Run

Lucie Sasnikova, a well-known SHIB influencer, predicted that Shiba Inu would soon break records and teased the arrival of even more exciting news. The timing is critical because there are only a few days left until the Shibarium mainnet reveal, even though the team member did not make any specific mention. Since multiple innovations are […]

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