Expert Now Notes SHIB And Dogecoin Resemblance

Shiba Inu (SHIB) could be on the verge of a significant price surge, with analysts drawing comparisons to Dogecoin’s recent explosive growth. One expert suggests SHIB may follow a similar trajectory, potentially rising to $0.000049, which would represent a substantial gain.

Dogecoin, the original meme coin, recently skyrocketed by over 100% to hit $0.4359, a rally driven by its association with Elon Musk. This surge temporarily pushed Dogecoin’s market capitalization to an astonishing $65 trillion, briefly surpassing XRP.

Although Shiba Inu has gained 39% over the past month, it hasn’t matched Dogecoin’s meteoric rise. The Ethereum-based meme coin recently broke a key resistance level at $0.000021 but has lagged behind other high-performing assets like XRP and Solana.

Crypto analyst Ali Martinez has identified similarities between Shiba Inu’s current price chart and Dogecoin’s chart before its explosive rally. If the pattern holds, SHIB could experience a nearly 100% increase, potentially reaching a three-year high of $0.000049.

Disclaimer: This is not financial advice. Always do your own research before investing.