The post Crypto Experts Speculates Shiba Inu To Surge Insanely In The Coming Weeks appeared first on Coinpedia Fintech News
A well-known crypto expert, Unipcs aka the Bonk Guy, in a recent X post noted that Shiba Inu has just hit a 3-month high. He speculates that meme-based tokens, like Shiba Inu, will insanely surge in the coming weeks.
Shiba Inu’s price pumped to a three-month high yesterday. The analyst’s bold prediction follows Shiba Inu’s latest achievement. Currently, Shiba Inu is trading at $0.00001975.
Shiba Inu All Set For A Rally
Bonk Guy predicts that Shiba Inu is all set to continue its rally if the overall market condition remains strong and Bitcoin (BTC) continues to increase in value. He noted that there is a notable interest around meme coins, and forecasts that these tokens could surge insanely in the coming weeks or months.
He also claimed that the recent rise in these meme coins is still early, signaling that these assets could see further price growth.
Bonk Guy proudly rejoiced that most of his bold predictions have always come to pass. For instance, on September 26, when SHIB was trading at $0.00001776, the expert forecasted that the asset was about to see a significant price increase.
Notably, the following day, SHIB breached the $0.00002 resistance and hit a three-month high record of $0.00002063. Interestingly, Shiba Inu increased this record to $0.00002156.
Impact On Other Memecoins
Bonk Guy asserts that Shiba Inu’s remarkable performance would positively impact other dog-themed memecoins like Bonk (BONK), Floki (FLOKI), and dogwifhat (WIF). He noted that these tokens are already witnessing increased buying activity, which could potentially lead to huge spikes.
Recent Positive Outlook By Various Experts
Besides Bonk Guy, other crypto experts also believe that Shiba Inu is prepared for a massive rally. Earlier, SHIB KNIGHT projected that SHIB is ready to conquer its previous all-time high of $0.00008616, registered on October 28, 2024.
Another analyst, Oscar Ramos, affirmed that Shiba Inu is just beginning its upward course and it could soon set a new all-time high of $0.00017 by 2025.
A prominent market observer Javon Marks drew attention to a significant feat recorded by Shiba Inu. He underscored that the token had successfully broken out of a falling wedge pattern. Following this breakout, Marks projected that Shiba Inu could begin a rally toward the $0.000081 territory, where SHIB had registered its previous all-time high in 2021.
Also Read : Top 5 Crypto Coins That Skyrocketed in the Last 24 Hours : Did you Invest? ,
