Towards a spectacular jump of 235% for Shiba Inu?

If there's a memecoin that's been on a roller coaster ride lately, it's the Shiba Inu. Sometimes at the top, sometimes at the bottom, he is talked about on the crypto market. But, surprise! Some analysts believe that the best is yet to come. Focus on predictions that turn heads and on the impressive figures that could restore color to this altcoin.

Shiba Inu: A lightning rise of 235% to be expected?

While the crypto market wavers under the ups and downs of bitcoin, the Shiba Inu seems to be resisting. After touching a critical threshold of $0.0000185SHIB bounced back impressively, recording an increase of 28% and settling at $0.00002216.

According to analyst Dollars Maker, the upside potential is staggering:

• First step : an increase of 92%, reaching $0.00003339;
• Second level : an increase of 163%, to flirt with $0.00004566;
• Ultimate goal : a meteoric rise of 235%, setting the course at $0.00005816.

As a reminder, the last annual summit of SHIB, in March 2024, was 0,000045 $. If the predictions prove correct, this memecoin could shatter its previous record. Dollars Maker, quoted on TradingView, states: “It's only a matter of time before SHIB reaches these heights. »

The crypto market is banking on the revival of SHIB

Optimism isn't just based on analysts' bold predictions. Since September, the Shiba Inu has seen its capital soar from 7.57 billion to 19.41 billion dollarspropelling its total capitalization to 18.28 billion in December. This spectacular increase of 208% in 2024 shows the continued enthusiasm of investors.

Le Shiba Inu takes advantage of its resilience and its engaged community. The memecoin is attracting crypto meme enthusiasts, attracting new capital and consolidating its position in the altcoin market.

It remains to be seen whether this dynamic will continue despite the regular shocks that affect the entire crypto market.

But if the Shiba Inu has declined recently, it is the result of an unstable market and doubts about its durability. However, analysts like Dollars Maker are betting on its revival, provided that the community remains faithful to its flair.

Micaiah A.

The blockchain and crypto revolution is underway! And the day when the impacts will be felt on the most vulnerable economy in this world, against all hope, I will say that I had something to do with it

DISCLAIMER

The comments and opinions expressed in this article are those of the author alone, and should not be considered investment advice. Do your own research before making any investment decisions.