Shiba Inu (SHIB) Marketing Lead Forecasts a Potential 1000% Surge for the Meme Coin's Ecosystem Within a Matter of Days
- Barbara StreisandOriginal
- 2024-10-14 06:28:22484browse
This optimistic outlook comes against a backdrop of significant market volatility and impressive long-term gains for SHIB.
Marketing Lead for Shiba Inu (SHIB) predicts a potential 1000% surge for the meme coin’s ecosystem within a matter of 2-3 days. This optimistic outlook is set against a backdrop of impressive long-term gains for SHIB, with the token up an astronomical 21,298,851% from its all-time low.
This bullish outlook is further supported by strong community sentiment, with 86% of users expressing a bullish outlook on SHIB's future. This strong community backing has been a key factor in SHIB's success story.
According to Market Data, another dog-themed token, Floki Inu (FLOKI), recorded a 679,910% increase. Binance Coin (BNB) secured the third position with a 595,144% rise. The original meme coin, Dogecoin (DOGE), also showed impressive growth with a 125,409% increase.
Analysts are also growing bullish on SHIB, with Black Pearl expecting a strong breakout from a bullish reversal pattern. In a Wednesday tweet, the pundit noted that the excitement could lead to a 2400% surge from current prices. However, SHIB must first break through key resistance at $0.00002200-$0.00002300, a 125% rise, before targeting its all-time high of $0.00008854.
On the other hand, analyst Alan Santana believes that SHIB is undergoing a major accumulation phase as 2025 approaches. According to him, the market is in its final bearish stretch before a significant bull run in 2025.
“The drop should last a few weeks. The recovery should last several months and in 2025 we get long-term sustained growth,” he noted.
At press time on Thursday, the token trades at $0.00001721, down 3.29% over 24 hours. Despite this short-term dip, SHIB has seen an impressive 27.63% increase over the past 30 days.
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