The second largest meme coin, it is considered among the best for several reasons.
The community-backed project has the most loyal following and intends to leave the “meme coin” label behind.
The network is building its utility and making it more accessible to its investors. With great potential, investors are looking to find the right opportunity to invest in $SHIB
Current trading status and future expectations
At the time of publishing this article, SHIB was trading at $0.0000135 after a slight rise of less than 1%. The meme coin has had a good year, gaining 86% over the past 12 months. Despite this increase, the asset is trading 84% below its all-time high of $0.00008845.
Potential purchase opportunity
Given its current status, investors may consider this price a good buying opportunity. According to Changelly, SHIB is expected to reclaim its all-time high in 2026-2027.
As a result, accumulating more Shiba Inu during a bear market could earn investors a significant profit. Currently, only 45% of meme coin holders are in profit, according to data from IntoTheBlock.
Sunday is the best day to buy a Shiba Inu.
According to data from CoinCodex, Sunday is the best day of the week to buy cryptocurrencies. This day of the week has shown significant gains across all assets since January 2016.
The total cryptocurrency market cap rose by an average of 0.745% on Sunday, with Bitcoin up 0.028% and Ethereum up 0.256% on the last day of the week.
Additionally, digital assets performed better on weekends than on regular days, with Fridays generally performing the least.
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