Crypto
Shiba Inu (SHIB) Predicted to Soar to New Heights, Crypto Platform Says
courtesy of bitcoinist.com
Changelly Predicts SHIB Could Surpass All-Time High by 2029
Shiba Inu (SHIB), the popular meme coin, may have a bright future ahead, according to crypto-tracking platform Changelly. Despite currently trading well below its all-time high, Changelly predicts that SHIB could reach a maximum price of $0.0000949905 by 2029, surpassing its previous peak. This means that SHIB could see a new all-time high in the next eight years.
Positive Outlook on SHIB
Changelly's projections for SHIB are bullish. In 2024, the platform predicts a maximum value of $0.0000149985 for SHIB, with subsequent increases in the following years. By 2028, SHIB is expected to reach a maximum value of $0.0000669933. These predictions suggest a positive trajectory for the meme coin in the coming years.
Short-Term Growth Expected
Changelly also anticipates short-term growth for SHIB. The platform predicts that SHIB could see a 3% increase entering into December and end the year on a high note with a price of $0.000009023 by December 24. This represents a 9% increase from its current price, indicating potential upward momentum for SHIB in the immediate future.
Optimistic Technical Indicators
Changelly's technical indicators for SHIB show a 64% bullish sentiment on the meme coin. The Fear and Greed index, which signifies market sentiment, displays a score of 66 (indicating Greed). Additionally, SHIB has been in the green on 16 out of the last 30 days, with a price volatility of 4.82%. These indicators suggest continued positive momentum for SHIB.
SHIB's Potential as a Solid Asset
Changelly highlights SHIB's potential to become a solid asset, citing its recent increase of over 10% in the last month. SHIB has also added a significant average amount of $0.0000008 to its current value. These positive trends indicate growing interest and support for SHIB within the crypto community.
Unfazed by Accusations
Despite recent accusations from the Shibburn community project, Shiba Inu and its community remain unfazed. Shibarium, a prominent project within the community, has seen an increase in daily transactions on its network. Shiba Inu's marketing lead, Lucie, emphasized this milestone in a recent post, demonstrating the community's resilience and continued growth.
Network Expansion and Strengthening
Shiba Inu's layer-2 network has recently surpassed 4 million total transactions processed. The network's developers are actively working to enhance community engagement and support for the network's validators. This commitment to expanding and strengthening the network further reinforces SHIB's potential for long-term success.
SHIB Price Holds Steady
Despite facing adversity, SHIB's price has remained resilient. At the time of writing, SHIB is trading at around $0.000008324, showing a 1% increase in the last 24 hours. This stability suggests that SHIB is holding its ground and may be poised for future growth.
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