Shiba Inu currently sits at a market capitalization of $10 billion, raising questions about its future growth potential. Investors are curious whether it can return to previous highs of $20 billion or even $40 billion in the upcoming bull run.
Despite the excitement surrounding other meme coins, Shiba Inu has experienced a lull, lacking the same level of action and volatility. This may be attributed to its higher market cap and liquidity, which can dampen dramatic price swings.
$SHIB Meme Coin Price Prediction
As of today, October 13th, Shiba Inu is priced at $0.00001775, with a 24-hour trading volume of $233.69 million and a market cap of $10.46 billion. The $SHIB price has dropped by 1.81% over the past day.
Since reaching its euphoric peak during the last bull run in February, Shiba Inu has corrected by 79%, although it has recently shown signs of forming a higher low. For many, the anticipation is palpable, with hopes of breaking through significant resistance levels around $0.0000021 for a continuation of upward momentum.
However, Shiba Inu has faced challenges, including a recent downside movement of about 28%, manifesting as a falling wedge pattern characterized by a series of declining prices. Despite these hurdles, there are indications of strong buying support at the $0.0000016 mark, which could signal a potential reversal.
For a detailed analysis of Shiba Inu’s price prediction, check out the video below and subscribe to his YouTube channel. To stay updated on trading tips and upcoming crypto presales, consider joining the Jacob Crypto Bury Discord group.
Shiba Inu Struggles as Pepe Unchained Presale Surpasses $19M with 5X-10X Growth Potential
As investors remain cautious, the current sentiment around Shiba Inu seems to lean towards a waiting game. While some may perceive this as a dull phase, it could present an opportunity for strategic accumulation before the next potential rally.
As discussions continue about its viability in the changing market landscape, Shiba Inu’s path forward remains uncertain yet intriguing for its dedicated following.
Meanwhile, a meme coin with higher upside potential is generating significant traction—Pepe Unchained (PEPU), whose presale recently surpassed the $19 million milestone. Currently priced at approximately $0.0000997, this new alternative to Pepe coin is positioning itself as a promising contender.
Pepe Unchained is working on a Layer-2 blockchain designed to enhance transaction speeds, reduce fees, and introduce new DeFi features for meme coin traders. As outlined in Pepe Unchained’s whitepaper, the platform aims to achieve transaction speeds that are 100 times faster than those on Ethereum.
The project recently showcased its product testing phase, highlighting features such as a decentralized exchange (DEX) for swapping tokens, enhanced analytics, and liquidity pairing options.
Additionally, a ‘double staking’ app is already live during the presale, allowing investors to stake their $PEPU tokens at an impressive 114% annual yield (APY), with more than 1.39 billion tokens currently locked in. Potential investors can visit our guide on how to buy $PEPU token here.
Building. Growing. Reaching new people everyday.
$19M! Let's go PEPU! 🐸 pic.twitter.com/l95XkoNm3j
— Pepe Unchained (@pepe_unchained) October 12, 2024
This staking opportunity has attracted considerable attention from the crypto community, fueling excitement across Pepe Unchained’s social media. The project now boasts a combined following of over 55,000 active users on its X page and Telegram channel.
As part of its launch, there is an expectation that Pepe Unchained could see significant growth, with projections suggesting potential price increases of 5X to 10X upon its official launch. The token supply is capped at 8 billion, which adds a layer of scarcity that could drive demand as the ecosystem matures.
With its innovative features and solid community support, Pepe Unchained aims to carve out a niche in the crowded meme coin landscape, making it a noteworthy option for those looking to invest in emerging cryptocurrencies. To take part in the $PEPU token presale visit pepeunchained.com.
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