Shiba Inu Price Prediction: SHIB Shows Unusually High Strength Against Dogecoin



Crypto
analyst
Cold
Blooded
Shiller


has
provided
insight
into
the


Shiba
Inu
(SHIB)


future
trajectory
in
relation
to
Dogecoin.
The
analyst
suggested
that
the
second-largest
meme
coin
by
market
cap
could
be
coming
for


Dogecoin’s
position


soon
enough,
given
its
recent
bullish
strength. 

Shiba
Inu
Is
Poised
To
Rip
Through
The
Charts


Cold
Blooded
Shiller
mentioned
in
an
X
(formerly
Twitter)


post


that
he
believes
Shiba
Inu
will
soon
“send,”
meaning
that
the
meme
coin
will
soon
experience
a


parabolic
move


to
the
upside.
He
noted
that
Shiba
Inu’s
performance
has
been
“unusual”
over
the
last
few
days.
Based
on
his
technical
analysis,
he
claimed
that
Shiba
Inu
is
“positioned
very
well”
on
the

How To Get Free Crypto  


higher
time
frame
(HTF)
.


Related
Reading

Source:
X


On
the
lower
time
frame,
the
crypto
analyst
added
that
Shiba
Inu
has
“been
very
strong”
compared
to
Dogecoin,
which
he
noted
isn’t
“typical.”
Cold
Blooded
Shiller
also
remarked
that


Shiba
Inu


has
had
one
of
the
quickest
and
strongest
market
recoveries
in
the
last
24
hours.
Indeed,
Shiba
Inu’s
performance
in
the
last
24
hours
has
been
impressive. 


The
meme
coin
has
experienced
a
price
gain
of
over
13%
in
the
last
24
hours,
which
has
caused
it
to


overtake
Cardano


and
climb
into
the
tenth
spot
among
the
top
cryptocurrencies
by
market
cap.
Crypto
analyst
and
influencer
Ansem
also
suggested
that
this
is
just
the
beginning
of
Shiba
Inu’s
price
rally,


stating


that
the
meme
coin
is
about
to
get
“jiggy”
while
sharing
a
chart
that
hinted
at
an
imminent
price
breakout
for
Shiba
Inu. 

Coinbase Banner  


Shiba
Inu’s
rise
is
believed
to
be
due
to
several
factors,
including
the
sentiment
around
the
Ethereum
Spot
ETFs.
Ethereum-based
tokens
are
bound
to
benefit
from
the
hype
around
these
funds.
Coinbase
International
Exchange
also


recently
announced


that
it
will
add
support
for
Shiba
Inu
perpetual
on
its
platform
starting
May
30th. 


The
recent
market
trend
has
also
contributed
to
Shiba
Inu’s
double-digit
rally,
with
meme
coins
arguably
the
leading
narrative
at
the
moment.
This
is
why
other
meme
coins
like


Pepe
(PEPE)


and


Dogwifhat
(WIF)


have
also
recorded
significant
price
gains
lately,
up
9%
and
33%,
respectively,
in
the
last
seven
days. 

SHIB
Team
Reacts
To
Price
Gain


Shiba
Inu’s
Marketing
Lead,
Lucie
,
reacted
to


Shiba
Inu
flipping
Cardano
.
She


attributed


the
meme
coin’s
success
largely
to
the


SHIB
community
,
noting
that
the
“incredible
milestone
wouldn’t
be
possible
without
the
amazing
support
from
our
community.”
Lucie
also
highlighted
the
developments
in
the
Shiba
Inu
ecosystem
as
another
factor
that
has
helped
the
meme
coin
rise
to
become
the
10th-largest
crypto
token
by
market
cap. 


Related
Reading


These
developments
include
the
launch
of
the


layer-2
network
Shibarium
,
which
has
become
an
integral
part
of
the
ecosystem.
More
recently,
the
team
also


raised
$12
million


in
funding
for
its
proposed
layer-3
network,
which
will
boost
Shiba
Inu’s
image. 


At
the
time
of
writing,
Shiba
Inu
is
trading
at
around
$0.0000274,
up
over
12%
in
the
last
24
hours,
according
to

FreeBitcoin Banner  


data


from
CoinMarket
Cap. 

SHIB
bulls
reclaim
control
from
bears
|
Source:

SHIBUSDT
on
Tradingview.com

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

Go to Source
Author: Scott Matherson


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