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Crypto experts and technical analysts from Bangkok have expressed optimism about the future of SHIB (Shiba Inu), predicting that the meme currency is about to rise.
Looking back at SHIB's history, the token's price and returns rose sharply in the first half of 2021, and despite volatility and occasional declines, its potential is still optimistic.
Analysts point out that although SHIB faces the risk of falling below $0.00002 or $0.00001822, the current market downturn provides long-term investors with a good opportunity to buy SHIB at a favorable price.
Historical data shows that SHIB often falls sharply after experiencing shocks, but it always rebounds strongly afterwards. For example, in 2021, SHIB appreciated by 370% in a short period of time, breaking the annual high. Despite the subsequent decline, the price is still higher than the level before the rise.
Coach K, a well-known figure in the cryptocurrency space, expects SHIB to rebound after the summer as it did in 2021, even though the market is currently bearish. He calls this predicted rise the "real bull run" phase.
Meanwhile, there is a view that the next bull run could push SHIB prices to $0.00024 or higher
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