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Shiba Inu (SHIB), the second-largest meme coin, has been on a rollercoaster ride over the last three months, gaining over 100%. After hitting a local high on December 7, it faced a price drop but has started recovering again. SHIB is now trading at around $0.00002918
⏯️Analyst Predicts a Big Price Surge⤵️
Crypto analyst JAVON MARKS believes SHIB is showing a bullish (positive) pattern that could lead to a massive price jump. He predicts SHIB’s value could rise by 180% to reach $0.000081, saying:
> “We could soon witness a 180% climb, and it may already be starting.”
⏯️Positive Signals for SHIB⤵️
Several factors support the idea of SHIB’s price increasing:
Less Selling Pressure: Many SHIB tokens are moving from exchanges to private wallets, reducing the number available for immediate sale.
Shibarium Milestones: Shiba Inu’s layer-2 solution, Shibarium, is growing fast, with over two million wallet addresses and 600 million total transactions. This growth strengthens the ecosystem and increases SHIB’s potential use.
⏯️Risks to Keep in Mind⤵️
There are also some warning signs:
Slower Network Growth: The number of new users joining the SHIB network has slightly decreased.
Fewer Large Transactions: Big transactions (over $100,000) have dropped recently.
Investor Profits Dropping: Fewer SHIB investors are currently making profits compared to before, though 69% are still in the green.
⏯️What’s Next for SHIB?🤑
Shiba Inu has a chance to make big gains if the bullish trends continue. However, the bearish (negative) signals mean investors should stay cautious. As SHIB’s ecosystem grows and market conditions change, its price will likely remain a hot topic in the crypto world.#BTC #Binance #ETH #SHIBA #BTC