Shiba Inu Price Forecast – Can $SHIB Bounce Off Previous Highs?

Shiba Inu’s market capitalization is currently $10 billion, which raises questions about its future growth potential. Investors are curious whether it could return to previous highs of $20 billion or even $40 billion in the coming bull market.

Despite the excitement of other meme coins, Shiba Inu has experienced a lull, lacking the same level of action and volatility. This can be attributed to higher market capitalization and liquidity, which can dampen dramatic price swings.

$SHIB Meme coin price prediction

As of today, October 13, Shiba Inu is trading at $0.00001775, with a 24-hour trading volume of $233.69 million and a market capitalization of $10.46 billion. The price of $SHIB has decreased by 1.81% in the last day.

Since reaching a euphoric high during the last bull run in February, Shiba Inu has corrected 79%, although it has recently shown signs of forming a higher low. For many, the expectations are tangible and involve the hope of breaking the significant resistance levels around USD 0.0000021 in order to continue the uptrend.

However, Shiba Inu has faced challenges, including a recent downward move of approximately 28%, manifesting in a falling wedge pattern characterized by a series of price declines. Despite these headwinds, there are signs of strong purchasing support at $0.0000016, which could signal a potential trend reversal.

For a detailed analysis of Shiba Inu price predictions, watch the video below and subscribe to his YouTube channel. To stay up to date with trading tips and upcoming cryptocurrency presales, consider joining the Jacob Crypto Bury Discord group.

Shiba Inu struggles as Pepe Unchained pre-sales top $19M with 5-10x growth potential

As investors remain cautious, current sentiment around the Shiba Inu appears to be leaning toward a waiting game. While some may view this stage as boring, it can provide an opportunity to strategically accumulate before the next potential surge.

As the debate continues about the viability of the Shiba Inu in a changing market landscape, the future of the Shiba Inu remains uncertain, although intriguing to its devoted fans.

Meanwhile, a meme coin with greater growth potential is generating significant popularity, Pepe Unchained (PEPU), which recently surpassed the $19 million pre-sale mark. Currently priced at around $0.0000997, this new alternative to the Pepe coin is positioning itself as a promising competitor.

Pepe Unchained is working on a Layer 2 blockchain designed to increase transaction speeds, reduce fees, and introduce new DeFi features for meme coin traders. As outlined in Pepe Unchained’s white paper, the platform aims to achieve transaction speeds 100 times faster than Ethereum.

The project recently unveiled its product testing phase, highlighting features such as a decentralized exchange (DEX) for token exchange, improved analytics, and liquidity pairing options.

Additionally, the “dual staking” application is now available for pre-order, allowing investors to stake $PEPU tokens at an impressive 114% annualized return (APY), with over 1.39 billion tokens currently locked. Potential investors can visit our guide on how to buy the $PEPU token here.

Building. Development. We reach new people every day.

19 million dollars! Let’s go PEPU! 🐸 pic.twitter.com/l95XkoNm3j

— Pepe Unchained (@pepe_unchained) October 12, 2024

This staking opportunity has attracted significant attention from the crypto community, fueling excitement on social media for Pepe Unchained. The project currently boasts a total of over 55,000 active users on its X page and Telegram channel.

Pepe Unchained is expected to see significant growth at launch, with forecasts suggesting a potential price increase of 5 to 10 times upon official launch. The token supply is capped at 8 billion, which adds a layer of scarcity that could drive demand as the ecosystem matures.

With its innovative features and solid community support, Pepe Unchained aims to carve a niche in the crowded meme coin landscape, making it a noteworthy option for those looking to invest in emerging cryptocurrencies. To participate in the $PEPU token pre-sale, visit pepeunchained.com.

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