Shiba Inu Takes Over Cardano With Today’s Surge: What’s Next ?

#EarnFreeCrypto2024 #Megadrop #altcoins #BinanceLaunchpool #BlackRock The second most famous meme coin, Shiba Inu, has finally bagged the bullish price rally where the meme coins is supposed to surge as high as $0.000045. Following the Pepe Coin and other meme coins surge, Shiba Inu has also stepped into profits. Just today, the Shiba Inu price had surged 18% earlier, bringing the value to a month-high of $0.00002931. Moreover, the position of SHIB in the crypto market has changed as its market cap surged to $17.27 Billion, making it the 10th biggest cryptocurrency, beating the Cardano in this list.

Though the Cardano price is catching up and can regain its spot, for now, it has become a good milestone for this dog meme coin.Shiba Inu pump comes after the SEC’s approval of the Ethereum ETF just a few days ago. This approval has opened the price growth possibilities for Ethereum and the Ethereum-based coins, including SHIB.In this, PEPE, FLOKI, NOT, and many had their share of gains, and now, Shiba Inu has also become part of the rally. SHIB’s price was moving slowly until yesterday when it caught up to the remaining meme coins.

Moreover, the dogecoin is also heading for a rally, creating a big hype around the dog meme coins, whose impact is also visible on Shiba Inu. With the increasing buying tendencies of the investors, SHIB has bagged this 18% gain.Shiba Inu price has finally moved above the 50-day moving average, opening the possibility of higher gains in the future. Based on the analyst prediction for altcoins rally.in June and following the current bullish factors, SHIB is heading for a target of $0.00003.The technical indicators, including a 35% increase in Open interest and a 169% interest in the trading volume, favor the bullish conditions for Shiba Inu. Analysts believe that if the daily Shiba Inu candle could close above $0.000029, the meme coin can soon witness a 50% surge, hitting the $0.000045 mark.