tl;dr
Changelly has predicted a bullish price increase for Shiba Inu (SHIB), estimating a rise to $0.00002495 by July 1 and potentially reaching $0.0000389961 by the year-end. Despite current bearish market sentiment, Changelly believes SHIB has strong potential due to its fundamentals and the positive ma...
Changelly has predicted a bullish price increase for Shiba Inu (SHIB), estimating a rise to $0.00002495 by July 1 and potentially reaching $0.0000389961 by the year-end. Despite current bearish market sentiment, Changelly believes SHIB has strong potential due to its fundamentals and the positive market sentiment. They highlighted Shiba Inu's development to solve real-life problems, its move towards a decentralized ecosystem, and the excitement generated by Shibarium, a key factor in the SHIB ecosystem.
Crypto analyst Javon Marks also suggested a potential rise to $0.000081 for SHIB, with a further increase to $0.0001553 if it breaks or holds above $0.000081. The crypto exchange also highlighted several fundamentals that paint a bullish picture for the meme coin.
Changelly predicted in a blog post that Shiba Inu will experience a price increase of just over 40% from its current price level and rise to $0.00002495 by July 1. This forms part of their bullish expectations for the meme coin this year, with the crypto exchange predicting that Shiba Inu can rise to $0.0000389961 by year-end.
Interestingly, Changelly made these bullish predictions despite noting that Shiba Inu is currently experiencing a bearish market sentiment. Despite that, they believe that the meme coin can still enjoy a strong upward trend, noting that the meme coin has shown a “very strong potential” lately.
Meanwhile, Changelly stated that the overall market sentiment for the SHIB coin is “pretty positive” despite its recent downward trend. The crypto exchange mentioned Shibarium as a “key factor” which is generating a lot of excitement for Shiba Inu investors.
Changelly also claimed that Shiba Inu has the “distinct advantage of a large, dedicated, and passionate community.” The Shiba Inu community, famously known as the ‘SHIB Army’ have undoubtedly played a significant role in Shiba Inu’s rise to prominence and Changelly believes that they can also help to position Shibarium as one of the leading Ethereum layer-2 networks.
Crypto analyst Javon Marks recently highlighted how Shiba Inu could reach a new all-time high (ATH). He stated that SHIB could soon experience a parabolic rise to $0.000081, considering that the meme coin is still up over 100% since breaking out from a resisting trend, which he highlighted on the chart.
A rise to $0.000081 represents a price gain of over 200%, which Marks claimed is possible and that the recent pullback may contribute to such breakout. He further mentioned that a break or hold above $0.000081 could send Shiba Inu to $0.0001553, a new ATH for the second-largest meme coin by market cap.