CandleFocus Shiba Inu Surge Just Beginning, Analysts Say SHIB Looks Insanely Strong
2024-12-09
Author: Content Editor
The meme coin Shiba Inu (SHIB) has experienced a significant rally, with its price surging by as much as 153%. Analysts believe that this rally could be just the beginning, with short-term price targets set above $0.00006 and $0.00009, representing gains of over 94% and 191% respectively. Other analysts have expressed positive outlooks on SHIB, with predictions ranging from a conservative 35% gain to a surge as high as $0.0001 in the coming weeks. SHIB's lag behind other meme coins like Dogecoin has also created an opportunity for potential high returns. Additionally, SHIB's Ethereum Layer 2 Shibarium has shown significant interest, with over 2 million wallets and over 600 million total network transactions. This rising interest is beneficial for SHIB as the network burns 70% of network fees, potentially increasing its value.
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