Shiba Inu Price Prediction: SHIB Shows Unusually High Strength Against Dogecoin

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As a researcher with a background in crypto analysis, I find Cold Blooded Shiller’s perspective on Shiba Inu (SHIB) and its potential to surpass Dogecoin (DOGE) intriguing. Based on his technical analysis, it appears that SHIB has been exhibiting unusual strength on both the lower and higher time frames, which could indicate a parabolic move to the upside. This is supported by recent market data showing that SHIB has had one of the quickest and strongest recoveries in the last 24 hours, with a price gain of over 13%.

Expert’s Take: Cold Blooded Shiller, a well-known crypto analyst, shares his perspective on Shiba Inu (SHIB) and its potential to surpass Dogecoin (DOGE). According to him, the rapid surge in SHIB’s market performance could signal a possible challenge to DOGE’s current standing as the second-largest meme coin.

Shiba Inu Is Poised To Rip Through The Charts

As a crypto investor, I’ve noticed Cold Blooded Shiller’s recent prediction on X (formerly Twitter) about Shiba Inu. He believes this meme coin will experience a sharp upward trend soon, which he refers to as “sending.” This unexpected price action has caught my attention, and based on his technical analysis, he emphasizes that Shiba Inu looks particularly strong on the higher time frame (HTF).

Shiba Inu Price Prediction: SHIB Shows Unusually High Strength Against Dogecoin

In the shorter time frame, the crypto analyst pointed out that Shiba Inu has shown exceptional strength relative to Dogecoin, an observation he found unexpected. Notably, Shiba Inu’s market bounce-back within the last 24 hours has been among the most robust.

As a crypto investor, I’ve noticed an impressive 13% surge in the value of my meme coin holdings within the past 24 hours. This significant gain has propelled it past Cardano and into the coveted top ten positions among cryptocurrencies ranked by market capitalization. Crypto analyst and influencer Ansem, known for his keen insights, believes this is merely the beginning of Shiba Inu’s price rally. With a confident tone, he shared a chart that suggests an imminent breakout for the meme coin, fueling excitement among investors and potentially setting the stage for even greater gains.

The surge in popularity of Shiba Inu can be attributed to various reasons, such as the positive feelings surrounding Ethereum Spot ETFs. As Ethereum tokens are anticipated to gain from the excitement surrounding these investment funds, Shiba Inu is poised to reap the benefits. Notably, Coinbase International Exchange has declared its intention to introduce Shiba Inu perpetual contracts on their platform as of May 30th.

The current market trend has significantly fueled Shiba Inu’s impressive double-digit surge. Notably, meme coins are currently dominating the conversation in the crypto world, leading to substantial price jumps for coins like Pepe (PEPE) and Dogewifhat (WIF). Over the past week, PEPE has risen by 9%, while WIF has experienced a more pronounced increase of 33%.

SHIB Team Reacts To Price Gain

The Marketing Head of Shiba Inu, Lucie, responded to Shiba Inu surpassing Cardano in value. She credited the achievement primarily to the power and dedication of the SHIB community, expressing that this impressive milestone would not have been attained without their unwavering support. Additionally, Lucie emphasized the significant advancements within the Shiba Inu ecosystem as a contributing factor to its meteoric rise and current ranking as the 10th largest cryptocurrency token by market capitalization.

As a crypto investor, I’m thrilled about the latest advancements in the Shiba Inu ecosystem. One significant development is the launch of Shibarium, our new layer-2 network, which has seamlessly integrated into our community. More recently, we managed to secure $12 million in funding for our proposed layer-3 network. This upcoming innovation is set to enhance Shiba Inu’s reputation within the crypto sphere.

Currently, Shiba Inu is priced approximately at $0.0000274 during this writing process. There has been a surge of more than 12% within the past 24 hours based on information obtained from CoinMarket Cap.

Shiba Inu Price Prediction: SHIB Shows Unusually High Strength Against Dogecoin

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2024-05-30 03:22