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Shiba Inu (SHIB) #Shiba might experience a major price increase if Bitcoin (BTC) crosses the $100,000 mark. Experts say SHIB’s strong connection to Bitcoin’s performance makes it likely to rise along with BTC.
What Analysts Are Saying
1. Possible Price Targets:
Crypto analyst Rose predicts SHIB could reach $0.000037372 if it breaks resistance levels at $0.000031040 and $0.000034024. Right now, SHIB is trading in a range between $0.00002387 and $0.00002541, which could be a good buying opportunity.
2. All-Time High in Sight:
Analyst Javon Marks says SHIB could soon approach its all-time high of $0.00008. He also expects the price to rise by 75% or more in 2024, with a potential tripling of its value as large investors (whales) keep buying.
Positive Signs for SHIB
Burn Rate Increase: SHIB’s burn rate has jumped by 4,500%, reducing supply and possibly boosting value.
Whale Buying: Big investors are actively purchasing SHIB, showing confidence in its growth.
As Bitcoin continues to rise, Shiba Inu investors are watching closely for a potential breakout in SHIB’s price. Many see this as an exciting opportunity to benefit from the crypto market’s momentum.#Shiba #Pepe #Solana #BTC $SHIB
