Will Shiba Inu (SHIB) Lead The Memecoin Bull Run?
Claim Instant $200 Worth Of DunkiMunki MemeCoins Free On www.DunkiMunki.xyz  

 
Shiba Inu (SHIB) has built momentum this week following an increase in burn rates and whale transactions amid other factors.
Shiba Inu (SHIB) is igniting bullish interest in the cryptocurrency market following a wave of positive on-chain factors spurring price growth.
At press time, SHIB trades at 0.0000227, an 8% increase this week despite facing slight short-term corrections.
The uphill rally in SHIB and memecoins has been tipped by multiple traders on social media spaces as ushering in the next market bull phase. Shiba Inu’s market capitalization stands over $13.4 billion with daily trading volumes almost at $400 million.
Shiba Inu recorded surging transactions alongside its price uptick. The memecoin notched an increase in daily volumes and new active accounts on the back of network upgrades.

Claim Instant $200 Worth Of DunkiMunki MemeCoins Free On www.DunkiMunki.xyz  

#Bitcoin #Ethereum #SHIB #ShibaInu $SHIB

Meme cryptocurrency Shiba Inu (SHIB) is experiencing short-term price volatility amid a sharp correction that occurred on June 7. 
Despite current price movements, SHIB investors are focused on witnessing the token reduce the number of zeros in its price, with the one-cent mark remaining a likely target.
Based on SHIB’s underlying fundamentals, reaching this level is challenging. However, Finbold turned to OpenAI’s latest and most advanced artificial intelligence (AI) tool, ChatGPT-4o, to gather insights on when SHIB might hit $0.01.

To predict the timeline, the AI platform first acknowledged the underlying factors likely to propel SHIB to $0.01. ChatGPT-4o noted that market sentiment plays a crucial role, as cryptocurrencies can experience rapid price changes due to shifts in investor sentiment.
Increased adoption and new use cases can drive demand, significantly influencing the price of SHIB alongside regulatory changes. Moreover, technological developments within the Shiba Inu ecosystem can attract more investors, driving the price upward.
SHIB price targets
The AI tool noted that Shiba Inu would require major adoption, a strong bull market, and perhaps major technological or partnership developments to reach $0.01. Given its current price of $0.00002325, it would need to increase by approximately 430 times.
Optimistically, the AI platform assumed that in the event of a strong bull market and significant positive developments, it could take several years, with a timeline of 5-10 years.
In this case, to attain the $0.01 mark, SHIB will need to undergo significant buying pressure. Therefore, If Shiba Inu reaches a price of 1 cent, the market cap would be approximately $5.88 trillion.
Although ChatGPT-4o cited the challenge of attaining the $0.01 mark, it projected the most likely highest price level for SHIB. The tool noted that the price target would still be contingent on massive adoption and market dynamics.
According to ChatGPT-4o, assuming a highly optimistic market scenario, SHIB could potentially see a 10x to 100x increase from current levels. This would put SHIB in the range of $0.00023 to $0.0023 as the most realistic highest price target. 

SHIB price prediction. Source: ChatGPT-4o
In the meantime, it’s worth noting that the Shiba Inu community has implemented measures to help the token gain momentum and compete. For instance, Shiba Inu heavily relies on initiatives such as token burning to provide more sustainability. 
For instance, in early June, the token increased about 16,600% in token burning. Overall, the burn mechanisms are meant to reduce the overall supply of SHIB in circulation, potentially enhancing its value.
Shiba Inu price analysis
At press time, Shiba Inu was trading at $0.00002315, having corrected by over 7% in the last seven days.

SHIB seven-day price chart. Source: Finbold
In summary, SHIB’s price has generally been trending downwards from June 6th onwards. Notably, watching the price action around $0.000025 and $0.0000245 will be important, as breaking through these resistance points could lead to a possible bullish breakout.
On the flip side, observing how the price interacts with the $0.000023 and $0.0000225 support levels can offer buying opportunities.
#SHIB $SHIB

Shiba Inu (SHIB), the popular meme coin, has fluctuated significantly, failing to meet investor expectations. Despite this, analysts are examining how it might react to a potential surge in Ethereum prices.
Leading investment firm VanEck recently made a bold prediction for Ethereum’s future. Their analysts believe ETH’s price could reach $22,000 by 2030, representing a staggering 498.9% increase from its current price of around $3,673.26. This forecast hinges on the recent approval of spot Ethereum ETFs by the U.S. Securities and Exchange Commission (SEC).
The approval of spot Bitcoin ETFs in January significantly impacted Bitcoin and the entire cryptocurrency market. These instruments allow investors to gain exposure to Bitcoin without directly holding the underlying asset. The result was a surge in investment, propelling Bitcoin to a new all-time high above $73,000 in under two months.
VanEck believes a similar scenario could unfold with Ethereum. Increased accessibility through spot ETFs could attract substantial capital inflows, potentially driving the price towards their projected $22,000 target by 2030.
Shiba Inu’s Price Correlation with Ethereum
An intriguing aspect of this prediction lies in the historical price correlation between Shiba Inu and Ethereum. At press time, data from IntoTheBlock showed a 0.71 correlation with Bitcoin and a 0.65 correlation with Ethereum over the last 30 days. These are high values, suggesting an increase in any of these tokens could significantly boost SHIB’s price.
In March, SHIB surged almost 400% as Bitcoin climbed to its new all-time high, and it could mirror this behavior when Ethereum begins its climb.
Potential Price Trajectory for Shiba Inu (SHIB)
If Shiba Inu follows a similar price trajectory as Ethereum in this scenario, it could reach unprecedented highs. SHIB is trading at $0.00002319, and if it climbs 65% of Ethereum’s expected surge, it could reach $0.00009839, surpassing its all-time high.
Assuming a perfect correlation value of 1 between SHIB and Ethereum, the meme coin could reach $0.0001388, eliminating one zero from its price. A legendary trader recently set the $0.0001 target for SHIB, and with increasing token burns and major developments in the SHIB ecosystem, the meme coin might match Ethereum’s potential surge and hit this target.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ShibaInu #SHIB

Asiwaju Lerry, a crypto analyst with teeming followers on X, recently highlighted the growing influence of meme coins like Shiba Inu (SHIB), Dogecoin (DOGE), FLOKI, and BONK. Lerry’s statement underscores the undeniable presence of these meme coins within the broader crypto landscape, prompting investors to consider their potential impact.
The four meme coins mentioned by Lerry share a common theme – their branding revolves around dog imagery. Interestingly, all four have surpassed a billion-dollar market capitalization, a metric indicating their overall value within the crypto market. Dogecoin, the leader of the pack, boasts an impressive $21.37 billion market cap.
Shiba Inu follows closely behind at $14.06 billion, solidifying its position as the second-largest memecoin. Floki and Bonk hold the fifth and sixth spots, respectively, with valuations of $2.8 billion and $1.92 billion.
This sustained investor interest in meme coins is further fueled by the activity of large investors, often referred to as “whales.” These whales can significantly impact the market by moving substantial amounts of cryptocurrency. Last month, crypto analyst Ali Martinez revealed that large investors transferred a staggering 4 trillion SHIB to exchanges within two weeks.
Additionally, Lookonchain, a blockchain analytics platform, revealed that nine wallets, two of which belonged to whales, collectively acquired a significant amount of SHIB tokens (1.35 trillion) in a mere twelve hours, representing an investment of $35.2 million.
More recently, on June 5th, a whale on the Ethereum blockchain made a noteworthy purchase of 715.9 billion SHIB, valued at $18.44 million. These significant transactions highlight the growing enthusiasm surrounding meme coins, particularly Shiba Inu.
Shiba Inu (SHIB) Stands Out from the Crowd
Lerry’s recognition of Shiba Inu’s prominence is echoed by other prominent figures in the crypto space. Just recently, Ethereum researcher Justin Drake commented on Shiba Inu’s quality and market dominance.
In his analysis, Drake emphasized that Shiba Inu stands out from the multitude of meme coins, especially those launched on the Solana blockchain, due to its superior quality. He pointed out the illogical comparison of the combined market capitalization of all Solana-based meme coins (approximately $10 billion) to the singular value of Shiba Inu, which sits at $15 billion (before a recent market downturn).
The rise of Shiba Inu and other meme coins presents a fascinating development within the cryptocurrency market. While their origin may lie in internet memes, these tokens have garnered considerable investor interest and continue to hold influence.
The significant investment activity by whales and the recognition from crypto experts suggest that Shiba Inu, in particular, may have a more substantial role in the evolving crypto landscape.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ShibaInu #SHIB

The $0.000026 level is a key sell point for Shiba Inu, with 64,320 addresses holding 69.74 trillion SHIB likely to sell at this price. The SHIB price has broken through its major support level.
CHIKA MOJI New Memecoin Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On WWW.CHIKAMOJI.LOL

As the broader cryptocurrency market faces a correction, meme coins like Shiba Inu and other altcoins are under strong selling pressure. In the last 24 hours, the price of Shiba Inu (SHIB) has dropped by 5.4% to $0.00002404, bringing its market cap to $14.17 billion. Additionally, daily trading volumes have soared by 100%, exceeding $840 million.

Whale Accumulation of Shiba Inu Remains Strong Amid Market Correction
Although the broader market correction has put some selling pressure on Shiba Inu, whale accumulation has remained strong throughout. According to a recent update by Lookonchain, nine wallets, including two belonging to whales, collectively pooled $35.2 million to acquire an impressive 1.35 trillion Shiba Inu tokens.

CHIKA MOJI New Memecoin Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On WWW.CHIKAMOJI.LOL

The update also noted that four of the investors used portions of their Ethereum portfolios to purchase Shiba Inu tokens. Their entry points varied, with some buying SHIB at a low of $0.00002557 and others at a peak of $0.00002620. The average purchase price, however, settled at $0.00002596.
In a prior update, Lookonchain reported on the activity of a notable Shiba Inu whale who invested $18.44 million in SHIB. On June 5, this whale exchanged 4,849 ETH tokens to acquire 715.9 billion Shiba Inu tokens.
$0.000026 Threshold: A Major Sell Wall for Shiba Inu
According to data from IntoTheBlock, the $0.000026 threshold represents a significant sell wall that impedes Shiba Inu’s rise. At this level, 64,320 addresses collectively acquired 69.74 trillion SHIB tokens at an average price of $0.000026. Whenever Shiba Inu approaches this price, these addresses tend to sell off their holdings, increasing selling pressure.
Also Read:   Three Ways Shiba Inu Could Reach Above $0.0001

Courtesy: IntoTheBlock
This heightened selling pressure often leads to a price correction, as seen in the latest market movement. As a result, SHIB has retraced most of the gains from its recent rally and fallen below the $0.000026 level.

CHIKA MOJI New Memecoin Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On WWW.CHIKAMOJI.LOL

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#SHIB #Shibainu #Bitcoin
#GME #Trump $SHIB $BTC $ETH

The meme coin market, a niche within the broader cryptocurrency landscape, has witnessed the rise of various digital assets inspired by different aspects of internet culture. However, Shiba Inu (SHIB) has carved a distinct space for itself, garnering significant investor interest and market influence.
A recent interview featuring Ethereum researcher Justin Drake sheds light on Shiba Inu’s unique position. During a discussion on blockchain strengths and weaknesses, Drake highlighted the token’s exceptional market cap, which he estimated to be $15 billion.
This impressive figure surpasses the combined value of numerous meme coins built on top of the Solana blockchain, which collectively reach around $10 billion. This comparison shows Shiba Inu’s ability to command substantial market influence when compared to multiple meme coins.
Further bolstering its position is the strong investor interest in SHIB, particularly in the United States. A ConsenSys survey from March revealed that more American crypto investors hold Shiba Inu than Cardano or Solana. SHIB is dominating the meme coin market. The only meme coin with a larger market cap is Dogecoin, the oldest member of the meme coin market.
Shiba Inu (SHIB) Price Performance
While Shiba Inu enjoys considerable investor interest, its price performance has not always mirrored this interest. The meme coin has failed to reclaim its all-time high of $0.00008845, reached in October 2031.
Recent price fluctuations also demonstrate a period of volatility. A one-week comparison with Solana (SOL) from June 1 to June 7 showcases this disparity. SOL exhibited a steadier upward trend with moderate fluctuations, concluding the period with a gain of approximately 4%. In contrast, SHIB experienced sharper declines and partial recoveries, ending the week roughly 2% lower.
Despite this, Shiba Inu has enjoyed its periods of almost unrivaled performance. In early March, the meme coin surged by almost 400%, outperforming most of the top cryptocurrencies and almost dethroning Dogecoin as the top meme coin.
In September 2023, a prominent crypto YouTuber predicted that Shiba Inu would flip Dogecoin in the current bull cycle. This surge took Shiba Inu very close to that dream, and many are confident that it can surpass Dogecoin if it stages another attempt. However, SHIB has remained mostly quiet since March, consolidating for the next major surge.
Shiba Inu’s prominent position within the meme coin market is undeniable. Its substantial market cap, strong investor interest, and resilience in a volatile market solidify its status as a significant contender. The Shiba Inu team is working on long-term strategies to grow the meme coin and the ecosystem, and the consolidation period could soon end, giving way to a historic price surge.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ShibaInu #SHIB