🚀🚀🚀 #shibaInu Price Prediction: $SHIB Shows Unusually High Strength Against #Dogecoin
Crypto analyst Cold Blooded Shiller predicts a bullish trajectory for Shiba Inu (SHIB), hinting at a potential challenge to Dogecoin's position in the market. Noting SHIB's recent bullish momentum, the analyst anticipates a parabolic move upward, emphasizing its strong performance compared to Dogecoin.
Shiba Inu's recent surge, gaining over 13% in the last 24 hours, has propelled it to surpass Cardano and secure the tenth position among top cryptocurrencies by market cap. Influencer Ansem also suggests an imminent price breakout for SHIB, echoing expectations of further price rally.
Several factors contribute to Shiba Inu's rise, including the anticipation surrounding Ethereum Spot ETFs and support from Coinbase International Exchange, scheduled to add SHIB perpetual on May 30th. Additionally, the current market trend favors meme coins, evident in the significant gains of other tokens like Pepe ($PEPE ) and Dogwifhat (WIF).
Shiba Inu's Marketing Lead, Lucie, attributes the coin's success to the strong SHIB community and recent ecosystem developments. Initiatives such as the launch of Shibarium and securing funding for a proposed #Layer3 network have bolstered SHIB's position.
As of now, Shiba Inu is trading around $0.0000274, marking a more than 12% increase in the past 24 hours, according to CoinMarketCap data.
