Shiba Inu ($SHIB) is up by a respectable 18% from the July lows as it looks to break strong resistance at $0.00000850 in the coming weeks.
A break above this level would send $SHIB parabolic as the Shiabrium ecosystem is set to expand the ecosystem and provide a wealth of utility to the meme coin project.
The incoming Shiabrium mainnet is causing a surge of optimism in Shiba Inu as whales position themselves ahead of the imminent breakout.
Despite the optimistic setup for $SHIB, there are a handful of newly emerging meme coins that are worth diversifying into as experts believe that they can provide higher returns than $SHIB in 2023, with Shibie Token ($SHIBIE), Wall Street Memes ($WSM), and XRP20 ($XRP20) being three stand-out projects.
What you'll learn 👉
Shiba Inu Price Prediction 2024: Is $SHIB Setting Up For an Epic End to 2023 With Triangle Pattern?
Traders are quickly rushing to get into $SHIB as its technical setup hints toward a higher parabolic move.
The setup in question is an ascending triangle pattern, which usually signals a bullish surge ahead once the triangle’s roof is penetrated.
In the case of $SHIB, the roof of the triangle is set at $0.00000850 – and is provided a bearish .382 Fib Retracement measured from the April 2023 highs to the June 2023 lows.
A break above the bearish .328 Fib level would help $SHIB set a bullish swing for the end of 2023.
If $SHIB breaks $0.00000850, the first resistance lies at $0.00000915 (bearish .5 Fib). This is followed by resistance at $0.00000950, $0.00000980 (bearish .618 Fib), and $0.00001.
Higher resistance lies at $0.0000115, $0.000012, and $0.00001240.
Whales Activity Surging Ahead of Shibarium Launch?
Whales are starting to heavily accumulate $SHIB ahead of the Shiabrium launch – which is expected to be released in the coming weeks.
The Shiba Inu team has hinted that it will unveil the Shibarium mainnet at the Blockchain Futurist Conference in mid-August in Canada – causing whales to get positioned before the breakout.
Data from Santiment shows that whales have started to accumulate as addresses holding 10 million to 100 billion $SHIB purchased a total of 1.11 trillion $SHIB in recent weeks;
With whales getting positioned, traders are increasingly starting to believe that a parabolic surge is being set up for $SHIB in the coming weeks.
However, Can These Newly Emerging Meme Coins Beat SHIB Returns in 2023?
Despite the optimistic nature of the Shiba Inu ecosystem, experts are reminding traders that the 100x returns that $SHIB once provided are entirely off the table.
Although $SHIB can easily provide anything between 50%-200% returns by the end of 2023, traders are diversifying part of their portfolio into newly emerging meme coins capable of providing 20-100x returns.
In particular, Shibie Token ($SHIBIE), Wall Street Memes ($WSM), and XRP20 ($XRP20) are starting to turn heads as investors rush to get positioned into these projects touted to beat the $SHIB returns in 2023.
Shibie ($SHIBIE) Set to Unveil a World of Fun With Heightened Financial Speculation.
One newly emerging meme coin that’s capturing the attention of two major fan bases is starting its presale off with a bang this week.
Shibie Token ($SHIBIE) recently kicked off its presale, and investors are rushing to be a part of this project that blends the eccentric charm of Shiba Inu with the ever-present elegance of Barbie – in one single token.
Hey there, Gorgeous! 😎 This playful minx is on a mission, with her paws set on ruling the #crypto world. 'Barking up the wrong tree'? Not in her vocabulary. Buckle up, this strutting Shiba is about to raise the woof in the crypto kennel! 🐕💖🚀 #presale pic.twitter.com/TelFmZqldo
— Shibie Coin | Presale Live (@ShibieCoin) July 31, 2023
The playful fusion of these two cultural icons is set to break boundaries in the crypto space and create a fun-filled entertainment project with a tactical investment strategy.
We all know how Shiba Inu swept the market in 2021. Its witty community helped it challenge Dogecoin and establish itself as a meme coin giant in a matter of months.
At the same time, we’ve all seen the recent explosion of Barbie after the theatrical performance from Margot Robbie spread the graceful doll to a new generation.
Now, after a saucy late-night encounter between the two icons – Shibie is welcomed into the crypto world.
Shibie is the bad bombshell bitch of the crypto world. She’s a dog with ambitious plans – a bitch with a purpose – on a mission to create the next mainstream meme coin in the sector.
Her adventurous spirit will cause you to challenge the traditional norms in the crypto sector as she creates a humorous adventure for investors through a well-positioned dignified community.
Shibie aims to relive the incredible $SHIB price surge while embodying a lively and enthusiastic community spirit.
Through her mix of enthusiasm and sophistication, Shibie wants to position her project in the same realm as the successful Shiba Inu and Barbie brands.
The presale for the project covers all bases to foster engagement and secure long-term potential for investors. It’s selling $SHIBIE for $0.0001666665 in one presale stage and has a $999,999 hard cap.
With funds set aside in the presale for DEX liquidity, marketing, and CEX partnerships, $SHIBIE is setting itself up for a glorious end to the summer.
Furthermore, the project also has an AI-powered Telegram Bot to add another fun element to the project that can provide insight to community members regarding the ecosystem.
Overall, with its unique personality, community-driven spirit, and well-oiled marketing plans – $SHIBIE is definitely a low-cap meme coin that can provide higher returns than $SHIB in 2023.
With such a low hard cap, investors will need to be quick to get positioned in this project before it hits DEXs and CEXs.
WSM Crosses Incredible $20 Million Milestone as Presale Conclusion Draws Near
Another project that continues to turn heads is Wall Street Memes ($WSM), which recently crossed the $20 million milestone as its presale conclusion draws near.
Wall Street Memes has quickly turned into one of the most sought-after meme coins in the industry due to its ability to attract a cult-like following, meme-based humor, and attention from Elon Musk.
The project seeks to expose the traditional financial system by making a mockery of the greedy capitalists sitting on Wall Street through a series of memes on social media.
The memes it’s released have become incredibly viral, generating over 40 million monthly impressions.
As a result, the project has managed to attract a vast cult-like community of over 1.1 million followers across its social media profiles.
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Show more +This colossal following has experts believing that $WSM will be guaranteed a major tier-1 exchange listing from global exchanges like Binance or OKX – who would look to capitalize on the trading volume $WSM could provide.
In addition, the viral nature of the memes attracted the attention from Elon Musk, who has been seen commenting on the Wall Street Memes profile on several occasions;
The interest from Musk caused a wave of whale activity in the project, with one whale loading up with 460 ETH of $WSM in one purchase;
This purchase was worth around $850,000, and the increased activity from whales demonstrates the extraordinary hype and FOMO behind this project.
Along with the FOMO comes influencers, and Wall Street Memes has no shortage of influencers talking about the project.
It has high-profile analysts on YouTube promoting the token, including the likes of Crypto Gains (106,000 subscribers) and CryptoWebdy0 (100,000 subscribers).
In addition, leading influencers like Jacob Bury, Crypto Jamie, and Aaron CryptoNoob are also on board as ambassadors – lending their credibility and reach to the project.
Overall, the unique fusion of internet culture, meme-based humor, and decentralized finance has created the perfect recipe for success for Wall Street Memes.
With the majority of its presale allocation already sold out, investors will need to be quick to snap up what’s left of $WSM in the presale before it hits major CEXs and starts to turn parabolic.
XRP20 Bringing XRP Onto Ethereum With Staking and Burning Mechanism
The final token experts believe can provide higher returns than $SHIB in 2023 is XRP20, the next evolution of XRP being launched on the Ethereum blockchain.
XRP20 is an ERC-20 version of Ripple and the latest addition to the “Meta 2.0 Version” theme spreading across the entire industry.
XRP20 seeks to reignite the passion of the XRP army with a second chance to revive the $XRP bull run in a fantastic low-cap opportunity that taps into the legacy of the original XRP token.
The $XRP20 is a user-focused token that introduces cutting-edge features into the project that the original XRP couldn’t handle.
For example, $XRP20 is much easier to store, track, and trade than $XRP as its ERC-20 based.
However, it also combines a unique stake-to-earn utility with a deflationary burning mechanism that will make the token scarce over time and drive its value higher.
The stake-to-earn feature provides utility for retail buyers through on-chain staking, rewarding them with a passive income.
The burning mechanism integrates a 0.1% fee on every buy and sell transaction sent to a burn address – removing $XRP20 from circulation to reduce the supply and increase scarcity.
The XRP20 presale recently went underway and is selling the token for forty times cheaper than the $XRP all-time low – providing the perfect entry opportunity.
The presale is selling the token for $0.00009200 and is aiming for a $3.68 million hard cap.
The project is already starting to see its hype being generated as it hits the headlines across the industry.
With such a small hard cap, investors will need to be quick to invest in this community-driven token before the presale sells out.
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