In a forecast that has generated considerable buzz within the SHIB Community, an official in the Shiba Inu Ecosystem projected a stunning 250% rise in the tokenβs value before the Bitcoin halving. Lucie, Shiba Inu’s marketing director, is confident that SHIB will see a big rebound in value. She predicts the meme coin to surpass its all-time (ATH) of 2021 in the coming weeks.
The token has recently fallen by 43% to $0.000026, from its previous high of $0.000045. Lucie announced her investment decision on X. Lucie purchased SHIB in the midst of the recent dip Around $0.00024 is $989.08.
She called this strategy “Bought the DIP, my lovely SHIB,” Showcasing her faith in a powerful move for the meme currency. SHIB is currently trading at $0.00026, a decrease of 70% from its ATH, which was $0.00008845. To reach its former peak, it must have a rapid and significant rise of 250%.
The backdrop to this ambitious goal is the upcoming Bitcoin halvingAccording to various estimations, a ” is expected in between 22 and 31 days. “Bought the DIP. My lovely $SHIB. If someone can pull [a] miracle recovery, it’s SHIB. I’m expecting ATH soon before or shortly after BTC halving. Nfa,” Lucie remarked.
Purchased the DIPπ₯°π
You are my lovely $SHIBMiracle recovery is not possible. $SHIB
I expect ATH to be halved soon or after BTC.
The nfa pic.twitter.com/lOXoHgHWUlβ πππππ | SHIB.IO π§πΌββοΈ (@LucieSHIB) March 20, 2024
Shiba inu set to overtake dogecoin
Lucie’s optimism may also be reflected in another bold prediction made by the Shiba Inu Team on X. They claim that SHIB has the potential to surpass Dogecoin’s market capitalization with strategic moves referred as “Secret Wags.”
Shiba Inu hinted that SHIB would eventually dethrone DOGE. “[Number] 2 today, but the Doge days are numbered.”
SHIB and DOGE have been in competition for years. DOGE holds the 10th spot for market cap of all cryptocurrency, and SHIB is close behind. Market cap difference between DOGE ($19.41 billion) and SHIB ($15.27 billion) is $4.14 Billion. DOGE has a market capital of $19.41Billion, while SHIB boasts a $15.27Billion market cap.
SHIB must rally 50% more (SHIB/DOGE), adding to the gains of 98% against DOGE in the last 4 weeks, before it can reach its new high.
The Shiba Inu Team is undeterred by previous attempts to overtake Dogecoin. They are encouraged by the increasing utility of Shiba Inu’s ecosystem, which goes beyond the meme coin roots. The development of ShibariumThe team is determined to succeed.
“We’ve got the #ShibaArmy, #Shibarium, and secret wags we can’t reveal yet. Get ready for a new top doggo. Much wows incoming! #SHIB,” The team expressed their enthusiasm.
We’ve got Doge #2, but those days are over. The #ShibaArmy #Shibarium We can reveal secret wags. Prepare for the arrival of a top-doggo. Wows are coming! #SHIB https://t.co/GiCJ2OKCLv
β Shib (@Shibtoken) March 20, 2024
SHIB was trading at $0.0002566 as of the time this article went to press.
Chart from TradingView.com, image from Shutterstock
Disclaimer article This information is only for educational purposes. NewsBTC has no opinion about whether or not to purchase, sell, or hold investments. Naturally investing involves risks. We recommend that you do your research. own Do your research before you make any investments. You are solely responsible for the use of information on this site. own risk.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: www.newsbtc.com
