A well-known cryptocurrency analyst, often referred to as “Blockchainedbb” on X, has a new take on Shiba Inu (SHIB). The expert shared his opinion on the subject, adding that investors should hold onto their Shiba Inu assets as Bitcoin is set to surge to $75,000, which could potentially bring new price highs for SHIB enthusiasts.
Will Broad Ecosystem Development Help Shiba Inu (SHIB) Reach New Highs?
The Shiba Inu ecosystem is currently experiencing massive growth. The token was recently publicly endorsed by Kronos Advanced Technology. The company has integrated SHIB as one of its payment settlement options, giving the token the credibility it deserves.
The official account of the museum: full love, no waste of good skirts.
At the same time, the SHIB ecosystem destruction mechanism also reported amazing destruction indicators. Nearly 900 million tokens were destroyed in June, which should be reflected in the future price of SHIB.
The Shiba Inu ecosystem has also been recognized by Coinbase, which is preparing to launch Shiba Inu futures in July 2024. The ecosystem is also working on launching a blockchain version of Shiba Eternity, which could help SHIB realize its penny dream.
Trader recommends holding Shiba Inu before Bitcoin surges to $75,000
A well-known cryptocurrency analyst on X, who goes by the handle “Blockchainedbb”, shared a striking new analysis on social media. The trader claims that people should hold Shib assets until Bitcoin surges to $75,000. The analyst later shared that the reason he recommends Shib to people is that it provides retail liquidity for exits.
In another article, the analyst shared how SHIB has become a top choice for investors looking to expand their cryptocurrency portfolios.
Meanwhile, Blockchainedbb has made a positive prediction that Bitcoin will soon touch the $75,000 mark.
“Last month I predicted that the Bitcoin price would drop from 74K to 55K, and now it has happened, currently the BTC price is fluctuating around 56K. As a result, many followers protected their portfolios during the price drop. Since then, the most popular question in my feed is. Can I buy again? My answer is: Yes, I am currently averaging. My target is $75,000.00.”
According to CoinCodex, as long as Bitcoin can rebound and take advantage of the current bullish momentum in the market, it has the potential to surge and set new highs in July.
“Bitcoin’s price is expected to rise by 34.05% to $83,280 by August 1, 2024. According to our technical indicators, the current sentiment is bearish, while the Fear & Greed Index shows a reading of 51 (Neutral). In the past 30 days, Bitcoin has seen an upward trend in 16/30 (53%) trading days, with a price volatility of 4.92%.”
