Top Analyst: Shiba Inu Coin is About to Experience a 200% Surge!
There are impressive analysts saying that Shiba Inu (柴犬币) is about to explode, potentially surging by 200%! This is all due to retail investors pushing it to new heights.
However, compared to the recent explosive rises of other meme coins, Shiba Inu's performance has been somewhat average. Its current price is $0.00002568, with an 8.2% increase in one day, a 35% increase in a week, and a 42% increase in a month.
Meanwhile, Dogecoin is priced at $0.3787, with an 81% increase in a week and an astonishing 211% increase in a month!
Fans of Shiba Inu haven't overlooked this comparison, but they remain optimistic, believing that Shiba Inu's price can still rise significantly.
Shiba Inu is Warming Up
A cryptocurrency analyst named Roaring Kitty has mentioned that the price movements of meme coins follow a pattern.
Just like Shiba Inu, it usually first surges by 100%-200%, then stabilizes for a while, or the price adjusts. Once the enthusiasm of retail investors ramps up, another significant surge can occur, potentially rising by 200% in a week!
The Trend of Shiba Inu
At the end of September, Shiba Inu broke through its downward trend, with its price rising above $0.00002150. But not long after, it dropped back down, reaching a low of $0.00001553. This month, Shiba Inu rebounded and returned to the level of $0.00003. On Tuesday, it peaked at $0.0000303, but now it has dropped back to around $0.00002.
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