Crypto
exchange
Changelly

has
outlined
its
bullish
price
predictions
for

Shiba
Inu
(SHIB).
The
crypto
exchange
also
highlighted
several
fundamentals
that
paint
a
bullish
picture
for
the
meme
coin. 

Shiba
Inu
To
Rise
To
$0.00002495
By
July

Changelly
predicted
in
a

blog
post

that
Shib
Inu
will
experience
a
price
increase
of
just
over
40%
from
its
current
price
level
and
rise
to
$0.00002495
by
July
1.
This
forms
part
of
their
bullish
expectations
for
the
meme
coin
this
year,
with
the
crypto
exchange
predicting
that
Shiba
Inu
can
rise
to
$0.0000389961
by
year-end. 

Interestingly,
Changelly
made
these
bullish
predictions
despite
noting
that
Shiba
Inu
is
currently
experiencing
a

bearish
market
sentiment.
Despite
that,
they
believe
that
the
meme
coin
can
still
enjoy
a
strong
upward
trend,
noting
that
the
meme
coin
has
shown
a
“very
strong
potential”
lately. 

 

The
crypto
exchange
further
alluded
to
SHIB’s
fundamentals
as
part
of
the
reasons
they
are
bullish
on
the
meme
coin.
Changelly
noted
how

Shiba
Inu’s
developers

are
“aiming
to
solve
serious,
real-life
problems.”
The
blog
post
also
highlighted
how
Shiba
Inu
is
gearing
towards
becoming
a
“full-fledged”
decentralized
ecosystem
with
the
community
having
100%
rights
to
manage
the
network
without
a
centralized
governing
body. 

Meanwhile,
Changelly
stated
that
the
overall
market
sentiment
for
the
SHIB
coin
is
“pretty
positive”
despite
its
recent
downward
trend.
The
crypto
exchange
mentioned

Shibarium

as
a
“key
factor”
which
is
generating
a
lot
of
excitement
for
Shiba
Inu
investors.
The
layer-2
network
has
become
an
integral
part
of
the
SHIB
ecosystem
and

 

provides
great
utility

for
the
meme
coin,
which
could
help
contribute
to
future
price
surges. 

Changelly
also
claimed
that
Shiba
Inu
has
the
“distinct
advantage
of
a
large,
dedicated,
and
passionate
community.”
The
Shiba
Inu
community,
famously
known
as
the
‘SHIB
Army’
have
undoubtedly
played
a
significant
role
in
Shiba
Inu’s
rise
to
prominence
and
Changelly
believes
that
they
can
also
help
to
position
Shibarium
as
one
of
the
leading
Ethereum
layer-2
networks.

SHIB’s
Road
To
A
New
All-Time
High

Crypto
analyst
Javon
Marks

recently

highlighted

how
Shiba
Inu
could
reach
a
new
all-time
high
(ATH). He
stated
that SHIB
could
soon
experience
a
parabolic
rise
to
$0.000081,
considering
that
the
meme
coin
is
still
up
over
100%
since
breaking
out
from
a
resisting
trend,
which
he
highlighted
on
the
chart. 

A
rise
to
$0.000081
represents
a
price
gain
of
over
200%,
which
Marks
claimed
is
possible
and
that
the
recent
pullback
may
contribute
to
such
breakout.
He
further
mentioned
that
a
break
or
hold
above
$0.000081
could
send
Shiba
Inu
to
$0.0001553,
a
new
ATH
for
the

second-largest
meme
coin

by
market
cap. 

Featured
image
created
with
Dall.E,
chart
from
Tradingview.com

Go to Source
Author: Scott Matherson

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