Long-term Shiba Inu (SHIB) price predictions have become increasingly bullish following its significant pump in late February to early March. The price of SHIB more than quadrupled within days, reaching a market cap higher than that of Bitcoin Cash (BCH). Despite a 40% pullback from March’s highs at $0.000045, SHIB is still up 2.5 times year-to-date. The surge in meme coin risk appetite coincided with Bitcoin hitting all-time highs in March, nearing $74,000 after the approval of spot Bitcoin ETFs in the US. This successful ETF launch has helped fuel optimism in the crypto market.
Furthermore, while Bitcoin has reached record highs, Shiba Inu still has room to grow as it nearly hit $0.00009 in 2021 and is currently down 70% from those levels. This suggests that SHIB could potentially see further gains of 3x or more in the current bull market if meme coin mania continues to drive prices higher. Long-term Shiba Inu price predictions are expected to remain bullish, with the potential for significant upside if the momentum from 2021 can be surpassed. The price of SHIB reaching $1 is seen as a possibility, but it would require adjustments to its total supply and a market cap that exceeds the value of all assets on the planet.
Looking at the SHIB chart, there is a likelihood that the Shiba Inu price could retest mid-March lows in the $0.000024 range, which represents a strong support zone with the 50DMA also playing a role. If SHIB can find strong support at this level, it may break its recent downtrend and potentially retest recent highs in the $0.000045s. Despite Shiba Inu’s substantial market cap, its potential for delivering significant gains to investors may be limited compared to alternative meme coins like Dogecoin20. Dogecoin20, a revamped version of Dogecoin based on Ethereum, offers staking options and the potential for passive income generation. With a current price of $0.00022 and a discounted valuation under $30 million, investors are showing interest in this meme coin, which could potentially see gains of 10x or even 100x.
Similarly, Dogecoin20 has already raised over $10 million, and investors have the opportunity to secure tokens before the presale ends in 17 days. The potential for exponential growth in valuation for Dogecoin20 is attracting investors who see the opportunity for significant returns. Cryptonews analyst Ari ranks Dogecoin20 as one of his top cryptos to buy at the moment, highlighting the potential for growth and passive income generation through staking. The meme coin market continues to evolve, with new projects offering unique features and investment opportunities for those looking to capitalize on the momentum in the crypto space. Interested investors are advised to act quickly to secure their tokens and potentially benefit from the growth potential of meme coins like Dogecoin20.
