Bitrabo Editorial
The cryptocurrency exchange, Changelly, has outlined optimistic price forecasts for Shiba Inu (SHIB) due to various positive indicators surrounding the meme coin.
Expected Price Increase for Shiba Inu
Changelly’s blog post predicts that Shiba Inu will see a rise to $0.00002495 by July 1, marking a 40% increase from its current price level. They also anticipate a potential climb to $0.0000389961 by the end of the year.
Despite the current bearish market sentiment, Changelly remains bullish on Shiba Inu, emphasizing its strong potential for an upward trend. They highlighted SHIB’s developmental efforts to address real-world issues and transition into a decentralized ecosystem managed by the community.
Changelly also mentioned the positive market sentiment surrounding SHIB, attributing excitement to the Shibarium layer-2 network, which enhances the utility of the meme coin and could drive future price surges.
The dedicated and passionate Shiba Inu community, known as the ‘SHIB Army’, is recognized as a significant asset by Changelly. The community’s involvement is seen as pivotal in shaping Shibarium’s position as a leading Ethereum layer-2 network.
Path to a New All-Time High for SHIB
Crypto analyst Javon Marks highlighted the potential for Shiba Inu to reach a new all-time high (ATH) of $0.000081. He cited the meme coin’s 100% increase since a breakout from a resistance trend, with a likelihood of a parabolic rise in the near future.
Marks suggested that surpassing $0.000081 could propel Shiba Inu to $0.0001553, setting a new ATH for the second-largest meme coin by market capitalization.