Shiba Inu: SHIB Eyes 351% Surge To $0.000081, Analyst Predicts

Shiba Inu (SHIB) consistently tries to break price ceilings, as the token is trying hard to break past the normal price barriers. The SHIB is eying significant price action amid the latest market developments as its ecosystem unveils new projects, roadmaps, and proceedings.

Amid such sparking events, SHIB is also eying a noteworthy price surge, per a notable analyst, which could catapult its price to $0.000081. Here’s how

Also Read: Apple (AAPL) Competes With Nvidia (NVDA) in AI Tech Showdown

Shiba Inu Is Trying Hard To Scale High, Touch $0.000081, Analyst Says

Shiba Inu sitting in a pool of money
Image Source: Watcher Guru

Shiba Inu is an essential part of the cryptocurrency ecosystem. The token has harbored strong community support, which always promotes SHIB and helps the token aim for new price spots. SHIB’s ecosystem is one of the busiest as it continues to unveil new projects that will bring new utility to its users.

Lucie, a Shib marketing expert, recently took to X to share how the ecosystem is ready to reveal its DAO development. The DAO will help streamline community development and make concise decisions about expanding the SHIB ecosystem.

“The SHIB Doggy DAO Foundation will legally wrap around the DAO, ensuring that the decisions made by the community are properly executed. It will manage assets like the Doggy Treasury and prevent any future misallocations, providing transparency and security. This move demonstrates to the world that Shib isn’t just another project—it’s a serious player with a long-term vision.”

Similarly, SHIB also unveiled its plan to launch a SHI stablecoin, SHIB Socials, SHIB Marketplace, and SHIB DeFi as new notable offerings to keep users coming back for more.

A New Price Forecast For SHIB

The enticing developments above will help Shiba Inu soar and soon claim new highs. As positive momentum about SHIB continues to spread, Javon Marks, a notable price analyst, took to X to share how SHIB may quickly claim a new high of $0.000081.

Marks shared how Shiba Inu is trying hard to maintain its steady pace. The expert noted specific bullish patterns that further confirmed SHIB’s bullish price pace and efforts to keep aiming for the high price target. Marks pointed out that a surge of 351% is currently on the cards if SHIB manages to hold support and keeps its pace consistent for the long haul.

“$SHIB (Shiba Inu) continues to maintain its breakout, and with more bull patterns spotted, the next leg of immense bullishness can be unfolding! With larger breakouts still indicating $0.000081 as a target, an over 351% move to reach this target can still take place, and Shiba may move at significant speeds to do so.

Also Read: Bitcoin Reclaims $71,000: Will BTC Hit A New Peak This Week?

The Token’s Price Target For November

According to CoinCodex, SHIB still has a long way to go in establishing a new price high. CC predicts the meme coin will surge by 1% to $0.00001866.

Image: CoinCodex

“According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to rise by 1.50% and reach $0.00001866 by November 28, 2024. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 69 (greed). Shiba Inu recorded 13/30 (43%) green days with 4.18% price volatility over the last 30 days. Based on the Shiba Inu forecast, it’s now a good time to buy Shiba Inu.”

Also Read: Apple: APPL Launches 1st Batch of AI Tools as Race to $4T Begins

  • 'shib
  • shiba inu

Comments

Post a Comment

Popular posts from this blog

Ripple XRP Price Prediction: New Year 2024

Image
Ripple ’s XRP token has seen a significant rise in its price this year. Since January 2023, the asset has surged by over 80%. However, the popular cryptocurrency remains overshadowed by others, such as Solana (SOL), which grew by over 1000%, and Bitcoin (BTC), which rallied by nearly 160% in the same time frame. Also Read: Ripple XRP Forecasted To Surpass its ATH of $3.40, Here is When XRP saw a massive spike in its price, reaching $0.82 after a US district court ruled that Ripple selling the token to retail clients did not breach securities law. However, the US SEC (Securities and Exchange Commission) has taken the lawsuit to the high court. There is a possibility that the high court will rule similarly to the district court. However, XRP’s price has stagnated over its legal unclarity. The asset has yet to reclaim its July 2023 levels and is since down almost 24%. Ripple XRP price prediction for New Year 2024 Source – The Coin Republic According to Chang...
Read more

Ethereum Foundation swaps Ether worth $2.7 Million, ETH dips

The swap was done on Uniswap. Ethereum (ETH) had dropped 1.64% at the time of writing to trade at $1,593.66. Ethereum Foundation’s significant holdings of Ether influence market dynamics despite its decentralized nature. The Ethereum Foundation, a key player in the development and ecosystem of the Ethereum network, sold a portion of its allocated Ether ( ETH ) tokens. A wallet identified as “0x9eE457023bB3De16D51A003a247BaEaD7fce313D,” labelled as a “Grant Provider” on blockchain tracker Etherscan, executed a swap of over 1,700 ETH for $2.7 million in USDC on the Uniswap decentralized exchange. Market reaction and impact The sale of ETH tokens by the Ethereum Foundation triggered a reaction in the cryptocurrency market. Ether’s price dipped by approximately 1.5% within a few hours, and over the subsequent 24-hour period, the drop extended to 1.8%. This event led to a temporary slump in the value of Ether and affected ot...
Read more

EV Charging Payments App on Blockchain Raises $310k in Presale – Invest Early in Future-Proof Project

Image
C+Charge is an upcoming EV charging payment app that aims to streamline the charging process and provide rewards to users. The app will connect EV owners with charging networks, allowing for easy payment transactions and earning carbon credits and sustainable cryptocurrency rewards in the process.  Utilizing decentralized blockchain technology, C+Charge's P2P payment system is making EV charging more efficient, cost-effective, and transparent. The platform's rewards system is one of its defining Features . By using C+Charge's utility token, CCHG, to pay for charges, EV drivers can earn carbon credits that can be used for a variety of purposes such as offsetting carbon footprint or even offsetting travel.  Additionally, C+Charge's partnership with Flowcarbon allows for tokenized carbon credits through Flowcarbon's Goodness Nature Token ($GNT) to be earned as well. C+Charge's goal is not just about earning rewards, but also bringing standardiza...
Read more