Shiba Inu Price Prediction as SHIB Overtakes Bitcoin Cash – $1 SHIB Possible?
Shiba Inu Price Prediction as SHIB Overtakes Bitcoin Cash – $1 SHIB Possible? / Source: Cryptonews
Long-term Shiba Inu (SHIB) price predictions have become increasingly bullish in wake of its insane late-February to early-March pump, that saw it more than 4x within days and reach a market cap above that of Bitcoin Cash (BCH).
Last at $0.0000269, SHIB has a market cap in the region of $16 billion. Bitcoin Cash’s market cap, meanwhile, was last just above $13 billion.
Whilst its pulled back 40% from March’s highs at $0.000045, SHIB is still 2.5x up on the year.
A sudden surge in meme coin risk appetite as Bitcoin hit fresh all-time highs a month ago was the catalyst.
Bitcoin (BTC) nearly hit $74,000 in March in wake of January’s approval of spot Bitcoin ETFs in the US. Needless to say, this launch has gone on to be the most successful ETF launch of all time.
While Bitcoin may be back at record highs, the Shiba Inu price still has a long way to go. It nearly hit $0.00009 back in 2021, and is still down 70% versus these levels.
So SHIB could possible still be on course for 3x gains from here this bull market. Or more, depending on if meme coin mania can surpass its insane peak from 2021.
Either way, long-term Shiba Inu price bets are set to remain bullish.
$1 SHIB Possible?
$1 SHIB is possible, but only if the team decides to erase some zeros from the total supply.
At the current price of $0.000027, SHIB would need to nearly 40,000x to get to $1.
That would involve its market cap reaching an impossible $640 trillion, which is probably more than the value of all assets on the planet summed.
Shiba Inu Price Prediction – Where Next for SHIB?
A quick look at the SHIB chart suggests the Shiba Inu price is probably headed for a retest of mid-March lows in the $0.000024 area.
That is a strong support zone, with the 50DMA also coming into play.
Shiba Inu Price Prediction as SHIB Overtakes Bitcoin Cash – $1 SHIB Possible? / Source: Cryptonews
If the Shiba Inu price can find strong support at $0.000024, it could soon break its recent downtrend. / Source: TradingView
If the Shiba Inu price can find strong support here, it could soon break its recent downtrend.
That could open the door to a quick retest of its recent highs in the $0.000045s.
Shiba Inu Alternative to Consider
Shiba Inu’s already massive market cap means its potential to deliver big gains to investors is limited.
That’s not the case with new meme coin Dogecoin20.
Dogecoin20 is a rework of the meme coin Dogecoin beloved by Elon Musk that just launched in presale. It features the familiar Dogecoin brand but is based on Ethereum, and offers a staking option.
That means crypto coin presale investors can generate an impressive passive income, which was around 65%, per the project’s dashboard. It shouldn’t be surprising that the meme coin has already raised over $10 million.
Interested investors should move quickly to secure their tokens before the presale ends on doge day in 17 days. At a current price of $0.00022, investors are able to buy into the token at a hugely discounted valuation of under $30 million.
For a meme coin that could easily be 10x to above $300 million, or 100x to above $3 billion, investors are rushing to get involved.
Cryptonews analyst Ari ranks Dogecoin20 as one of his top cryptos to buy right now. See why here:
https://www.youtube.com/watch?v=itmyIn-OrtA
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