The top market analyst has predicted that Shiba Inu will jump back to its ATH, considering how its ecosystem is evolving
In a bold prediction that has gotten the Shiba Inu (SHIB) community buzzing, top market analyst SHIB KNIGHT says the memecoin is primed for a new All-Time High (ATH). He praised SHIB for having emerged from the shadows of its humble beginnings as a “Dogecoin rival” to capture significant attention in the crypto space.
SHIB Positions Itself for a Potential Breakout
SHIB KNIGHT is bullish on the memecoin to reach $0.00008616 before the end of this year. At this level, he expects Shiba Inu to surpass its peak of $0.00008845, achieved in October 2021. Although this figure represents a 316.8% increase from its current price, achieving it seems daunting.Â
His confidence in the token’s upward trajectory stems from the Shiba Inu ecosystem’s positive momentum. This latest update solidifies the token’s price surge possibility, although he did not provide an exact target beyond the ATH prediction.
$SHIB is ready for a New ATH! 👀 pic.twitter.com/BdXdsCQS4P
— $SHIB KNIGHT (@army_shiba) September 26, 2024
Furthermore, many analysts, including Eunice Wong and Javis Marks, have hinted at SHIB’s potential to set a new record. They echoed the belief that the token could breach the $0.0001 level, especially during the upcoming 2025 bull market.
This optimism stems from the token’s recent skyrocketed burn rate and the growing adoption of Shiba Inu within various platforms. The growth of Shibarium is also a major catalyst for the token. Â
Shiba Inu Value Jumps In Optimism
Following SHIB KNIGHT’s confident forecast, SHIB has experienced a substantial value boost, capturing considerable interest from traders and users alike. Starting at $0.00001706 when the prediction was made, SHIB has surged by 21.16%.Â
According to CoinMarketCap data, the token is currently priced at $0.000020, declining by 2.28% in the last 24 hours. This impressive price shift showcases a strong 20% surge in a single day and a 46% surge over the last week.
Notably, SHIB’s market capitalization has soared by over $3 billion in one day, surpassing the Chainlink (LINK).
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