The Shiba Inu (SHIB) price forecasts are becoming bullish, with one TradingView user predicting a potential 400% surge in the coming months and weeks. SHIB has broken out of a downtrend, setting up a possible repeat of its 400% surge in late February/early March. With SHIB currently at around $0.000018, another 400% surge could see the price return to near its all-time highs in the $0.000080 area. This surge would also significantly increase SHIB’s market cap from around $10.57 billion to over $40 billion, surpassing Dogecoin’s market cap of around $18 billion.
However, overtaking Dogecoin may be a tough challenge for Shiba Inu, as Dogecoin has the advantage of being older, on its own decentralized blockchain, and backed by Elon Musk. Despite this, the Shiba Inu price has been consolidating within a pennant structure recently, indicating a potential near-term breakout. There is a growing likelihood of a surge towards the $0.000030s area, marking the beginning of a potential 400% rally. Investors seeking higher upside potential may look to get into high-potential new meme coins early to make significant gains.
Investors looking to join a meme project at its earliest stages can consider buying into it at the presale stage. One presale analysts at Cryptonews.com recommend is a new GambleFi meme coin called Meme Bets (MEMEBET), which is building a Telegram/web meme coin casino and sportsbook. This project is considered to have significant potential, with Crypto Chester, Cryptonews.com’s in-house analyst, ranking it among his top three coins. It is important to note that crypto is a high-risk asset class, and this article is for informational purposes only and does not constitute investment advice.
Cryptonews has over a decade of crypto coverage and provides authoritative insights on digital assets. Their veteran team of journalists and analysts combine in-depth market knowledge with hands-on testing of blockchain technologies. With strict editorial standards, Cryptonews ensures factual accuracy and impartial reporting on both established cryptocurrencies and emerging projects. Their longstanding presence in the industry and commitment to quality journalism make Cryptonews a trusted source in the dynamic world of digital assets.
In summary, the Shiba Inu (SHIB) price forecasts are turning bullish, with one TradingView user predicting a potential 400% surge in the near future. Despite the challenges of surpassing Dogecoin, Shiba Inu has shown signs of a possible breakout, leading to a surge towards the $0.000030s area. Investors seeking higher upside potential may consider getting into high-potential new meme coins early, such as Meme Bets (MEMEBET). It is important to remember that crypto is a high-risk asset class, and caution should be exercised when investing in digital assets. Cryptonews continues to provide reliable and trustworthy insights on the ever-evolving world of cryptocurrencies.
