Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Crypto analyst Cold Blooded Shiller has provided insight into the Shiba Inu (SHIB) future trajectory in relation to Dogecoin. The analyst suggested that the second-largest meme coin by market cap could be coming for Dogecoin\u2019s position soon enough, given its recent bullish strength.\u00a0 Shiba Inu Is Poised To Rip Through The Charts Cold Blooded Shiller mentioned in an X (formerly Twitter) post that he believes Shiba Inu will soon \u201csend,\u201d meaning that the meme coin will soon experience a parabolic move to the upside. He noted that Shiba Inu\u2019s performance has been \u201cunusual\u201d over the last few days. Based on his technical analysis, he claimed that Shiba Inu is \u201cpositioned very well\u201d on the higher time frame (HTF). Related Reading: $2.9 Billion In Mt. Gox Bitcoin On The Move For The First Time In 5 Years, Where Is It Headed? On the lower time frame, the crypto analyst added that Shiba Inu has \u201cbeen very strong\u201d compared to Dogecoin, which he noted isn\u2019t \u201ctypical.\u201d Cold Blooded Shiller also remarked that Shiba Inu has had one of the quickest and strongest market recoveries in the last 24 hours. Indeed, Shiba Inu\u2019s performance in the last 24 hours has been impressive.\u00a0 The meme coin has experienced a price gain of over 13% in the last 24 hours, which has caused it to overtake Cardano and climb into the tenth spot among the top cryptocurrencies by market cap. Crypto analyst and influencer Ansem also suggested that this is just the beginning of Shiba Inu\u2019s price rally, stating that the meme coin is about to get \u201cjiggy\u201d while sharing a chart that hinted at an imminent price breakout for Shiba Inu.\u00a0 Shiba Inu\u2019s rise is believed to be due to several factors, including the sentiment around the Ethereum Spot ETFs. Ethereum-based tokens are bound to benefit from the hype around these funds. Coinbase International Exchange also recently announced that it will add support for Shiba Inu perpetual on its platform starting May 30th.\u00a0 The recent market trend has also contributed to Shiba Inu\u2019s double-digit rally, with meme coins arguably the leading narrative at the moment. This is why other meme coins like Pepe (PEPE) and Dogwifhat (WIF) have also recorded significant price gains lately, up 9% and 33%, respectively, in the last seven days.\u00a0 SHIB Team Reacts To Price Gain Shiba Inu\u2019s Marketing Lead, Lucie, reacted to Shiba Inu flipping Cardano. She attributed the meme coin\u2019s success largely to the SHIB community, noting that the \u201cincredible milestone wouldn\u2019t be possible without the amazing support from our community.\u201d Lucie also highlighted the developments in the Shiba Inu ecosystem as another factor that has helped the meme coin rise to become the 10th-largest crypto token by market cap.\u00a0 Related Reading: XRP Price Moves To Break Out Of 7-Year Accumulation, Analyst Highlights Possible 1,200% Rally These developments include the launch of the layer-2 network Shibarium, which has become an integral part of the ecosystem. More recently, the team also raised $12 million in funding for its proposed layer-3 network, which will boost Shiba Inu\u2019s image.\u00a0 At the time of writing, Shiba Inu is trading at around $0.0000274, up over 12% in the last 24 hours, according to data from CoinMarket Cap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":610432,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[167,6664,26263,14690,1785,89174,85675,7,1803,1804,79599,79600,83668,89178,84473,83667,89157,86437,84562,84558],"class_list":["post-610395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd","tag-dogeusdt","tag-shib","tag-shib-news","tag-shib-price","tag-shiba-inu","tag-shiba-inu-news","tag-shiba-inu-price","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\n
Shiba Inu Price Prediction: SHIB Shows Unusually High Strength Against Dogecoin<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n