Top Analyst Predicts “Massive Pump” for Shiba Inu’s SHIB: Bulls Target $0.01

Popular meme coin Shiba Inu (SHIB) has seen a resurgence of interest from investors and traders this week thanks to some positive price action. Several crypto influencers have noted bullish patterns emerging in the price chart that could indicate bigger moves ahead.

SHIB Bezos, a top crypto analyst, tweeted that SHIB is due for a “massive pump” after seeing a similar breakout to the one that sparked SHIB’s massive price run to its all-time high last year. Consequently, Bezos believes SHIB’s price could potentially increase over 740% from current levels to retest its historic highs.

Besides, another analyst going by $SHIB Knight noted that SHIB had broken through a short-term downtrend at the 4-hour chart, signaling a bullish shift in market structure. Breaking key levels of resistance opens the door for further upside.

New Layer-2 Network to Drive Demand and Reduce Supply

Additionally, the Shiba Informer account also tweeted that the upcoming launch of a layer-2 network called Ryoshi could push SHIB’s price to $0.01. Ryoshi will use SHIB as its gas token, increasing demand, and burning SHIB transaction fees, decreasing supply. Together, these factors may significantly increase SHIB’s valuation.

New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW

Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!


Show more +

At the time of writing, data from Binance showed SHIB trading at $0.000009 with a 24-hour trading volume of $61.86 million. The memecoin has seen its market capitalization swell to over $5 billion as interest in the project ramps up. However, SHIB remains down 0.72% in the past 24 hours according to the exchange.

The renewed hype has certainly brought attention back to the Shiba Inu project. With bullish technical factors emerging and the team gearing up to launch their Layer 2 network, the coming days and weeks could see significant price action return to this top memecoin.

You may also be interested in:

Check $RECQ Meme Coin

Sponsored: Invest Responsibly, Do Your Own Research.
Serves as the base currency for all transactions within the Rebel Satoshi platform
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Samuel Munene
Samuel Munene

Samuel is a vesatile and seasoned content editor with a sharp eye for detail and a passion for writing. Web3 techonology is the future! With massive experience in the publishing industry, I specialize in refining and enhancing written material to ensure clarity, coherence, and engaging narratives.