Shiba Inu Price Prediction as SHIB Overtakes Bitcoin Cash – $1 SHIB Possible?
Last updated: | 2 minutes reading time
Short-term price predictions for Shiba Inu (SHIB) have become increasingly bullish since its run-up in late February to early March, which saw the price more than quadruple in a matter of days and reach a market cap above that of Bitcoin Cash (BCH).
Most recently trading at $0.0000269, SHIB has a market cap of around $16 billion. Bitcoin Cash’s market cap was last seen just above $13 billion.
Although SHIB is down 40% from its March peak of $0.000045, it is still up 2.5x year-on-year.
The catalyst was a sudden surge in risk-on sentiment in meme coins as Bitcoin hit new all-time highs a month ago.
Bitcoin (BTC) hit nearly $74,000 in March after spot Bitcoin ETFs were approved in the US in January. Needless to say, this launch was the most successful ETF launch ever.
Even though Bitcoin has hit record highs again, Shiba Inu price still has a long way to go. It hit nearly $0.00009 in 2021 and is still 70% below those levels.
So SHIB could still be on track for a 3x gain in this bull market from now – or more, depending on whether the meme coin mania can surpass its insane 2021 peak.
Either way, short-term Shiba Inu price bets are expected to remain bullish.
$1 SHIB possible?
$1 SHIB is possible, but only if the team decides to take some zeros off the total supply.
At the current price of $0.000027, SHIB would need to rise nearly 40,000x to get to $1.
That would mean its market cap would reach an impossible $640 trillion, which is likely more than the value of all the assets on the planet combined.
Shiba Inu Price Prediction – What’s Next for SHIB?
A quick look at the SHIB chart suggests that Shiba Inu price is likely heading for a retest of the mid-March lows around $0.000024.
This is a strong support zone, with the 50DMA also coming into play.
If Shiba Inu price finds strong support here, it could soon break its recent downtrend.
That could open the door for a quick retest of its recent highs in the $0.000045 area.
Shiba Inu alternatives to consider
Shiba Inu’s already huge market cap means its potential to give investors big gains is limited.
That’s not the case with new meme coin Dogecoin20.
Dogecoin20 is a revamp of Elon Musk’s beloved meme coin Dogecoin that just launched its presale. It features the well-known Dogecoin brand but is built on Ethereum and offers a staking option.
That means investors can earn an impressive passive income of around 65% in cryptocurrency presales, according to the project’s dashboard. It should come as no surprise that the meme coin has already raised over $10 million.
Interested investors should be quick to secure their tokens before the Doge Day presale ends in 17 days. At a current price of $0.00022, investors can buy the token at a potentially discounted value of under $30 million.
With a meme coin that could easily grow 10x to over $300 million or 100x to over $3 billion, investors are rushing to get involved.
Visit Dogecoin20 here
Cryptonews analyst Ari ranks Dogecoin20 as one of his top cryptos to buy right now. See why here:
Disclaimer: Crypto is a high-risk asset class. This article is for informational purposes and does not constitute investment advice. You could lose all your capital.
