🔥 Shiba Inu Price Prediction: SHIB Demonstrates Remarkable Strength Against Dogecoin
Crypto analyst Cold Blooded Shiller has shed light on the future trajectory of Shiba Inu (SHIB) relative to Dogecoin. He suggests that this second-largest meme coin by market cap could soon challenge Dogecoin's position, given its recent bullish performance.
🔸 **Shiba Inu Is Set to Surge**
In a recent X (formerly Twitter) post, Cold Blooded Shiller predicted that Shiba Inu is primed for a parabolic move upwards, referring to this as “send.” He highlighted Shiba Inu’s unusual performance in recent days and noted that it is “positioned very well” on the higher time frame (HTF).
On the lower time frame, Shiba Inu has shown significant strength compared to Dogecoin, which Cold Blooded Shiller found atypical. He also pointed out that Shiba Inu has had one of the quickest and most robust market recoveries in the last 24 hours, with a price gain of over 13%. This surge has allowed Shiba Inu to overtake Cardano and secure the tenth spot among the top cryptocurrencies by market cap.
Crypto analyst and influencer Ansem echoed this optimism, suggesting that Shiba Inu's price rally is just beginning. He shared a chart indicating an imminent price breakout for Shiba Inu, hinting that the meme coin is about to get “jiggy.”
Several factors are driving Shiba Inu’s rise. The hype around Ethereum Spot ETFs has positively impacted Ethereum-based tokens like SHIB. Additionally, Coinbase International Exchange recently announced support for Shiba Inu perpetual contracts starting May 30th.
The current market trend, with meme coins at the forefront, has also contributed to Shiba Inu’s impressive rally. As the leading narrative continues, Shiba Inu's momentum shows no signs of slowing down.
Stay tuned to see how Shiba Inu’s journey unfolds!
