A well-known crypto expert, Unipcs aka the Bonk Guy, in a recent X post noted that Shiba Inu has just hit a 3-month high. He speculates that meme-based tokens, like Shiba Inu, will insanely surge in the coming weeks.
Shiba Inu’s price recently hit a three-month high, currently trading at $0.00001975. The Bonk Guy’s upbeat prediction follows this milestone, with expectations that SHIB’s rally will continue if the overall crypto market stays strong and Bitcoin (BTC) keeps climbing.
The Bonk Guy pointed out a growing interest in meme coins and expects these tokens to experience an “insane” rise in the coming weeks or months. He believes the recent price increase is just the beginning and that there’s more potential for further growth.
The Bonk Guy also highlighted his past accurate predictions. For example, on September 26, when Shiba Inu was trading at $0.00001776, he forecasted a price increase. The next day, SHIB surpassed the $0.00002 resistance and set a three-month high of $0.00002063, eventually climbing to $0.00002156.
Dog-Themed Coins Could Follow
He added that Shiba Inu’s performance could boost other dog-themed meme coins like Bonk (BONK), Floki (FLOKI), and DogWifHat (WIF). These tokens are already seeing increased buying interest, which could lead to significant price jumps.
Besides Bonk Guy, other crypto experts also believe that Shiba Inu is prepared for a massive rally. Earlier, SHIB KNIGHT projected that SHIB is ready to conquer its previous all-time high of $0.00008616, registered on October 28, 2024.
Another analyst, Oscar Ramos, affirmed that Shiba Inu is just beginning its upward course and it could soon set a new all-time high of $0.00017 by 2025.
A prominent market observer Javon Marks drew attention to a significant feat recorded by Shiba Inu. He underscored that the token had successfully broken out of a falling wedge pattern. Following this breakout, Marks projected that Shiba Inu could begin a rally toward the $0.000081 territory, where SHIB had registered its previous all-time high in 2021.
Is this just the beginning for meme coins, or is the hype about to fade? Let us know your take!
The weekly trade has begun on a bearish note, with the prices of most tokens…
A South Korean court has sentenced three members of a crypto scam ring to prison…
XRP has shown some interesting price movements over the past 24 hours, with increased trading…
Amid the bearish market sentiment, Cardano's (ADA) price prediction has become a key topic among…
Bitcoin is about to close the monthly trade on a bearish note, which may hinder…
Shiba Inu(SHIB) has been making headlines, especially with its recent development. It has started flashing…
