TL;DR
– Shiba Inu’s price has risen significantly and is expected to continue gaining.
– Opinions on meme coins like SHIB and DOGE vary, with bullish forecasts for the cryptocurrency market.
How High Can SHIB Go?
Shiba Inu, the second-largest meme coin, has recently seen a surge in value, making it one of the top performers in the cryptocurrency market. In the past 7 days, its price has increased by over 100%, and by 125% in the past month (according to CoinGecko).
Some experts believe that this rally is far from over, and are predicting further gains. Crypto enthusiast and influencer “Altcoin Sherpa” shared a chart showing SHIB’s price following a similar trajectory as Dogecoin (DOGE).
The analyst also predicts strong performances for both assets, but advises against expecting unrealistic increases. Another crypto enthusiast, known as “Honey,” shared a chart showing the correlation between DOGE and SHIB, sparking a discussion on which meme coin is a better investment.
For a more in-depth analysis of different meme coins and their risks, check out our dedicated video.
The SHIB Prediction That Came True
One trader, SHIB KNIGHT, successfully predicted Shiba Inu’s price increase before it happened. In late February, they forecasted a 50% increase in the following week, which was proven true as SHIB reached a one-year high.
With the current bullish trend in the cryptocurrency market, it is likely that SHIB’s value will continue to rise. It will be interesting to see what the future holds for this meme coin.
