The Shiba Inu worth has remained flat up to now 24 hours, maintaining to the $0.00000803 degree as the broader market rises by 1.5% as we speak.
This places SHIB at a ten% acquire up to now week and a 13% rise within the final 14 days, though the meme token is definitely down by 1% for the reason that starting of the yr.
This decline since January stands in distinction to the efficiency of many different main tokens, with the likes of BTC, ETH, XRP and SOL all rising considerably since 2023 started.
Nonetheless, a constructive interpretation of SHIB’s underperformance is that it units the altcoin up properly for some above-average beneficial properties within the close to future.
Shiba Inu Value Prediction as Whales Maintain $0.000008 Stage – The place is SHIB Heading Subsequent?
On condition that the Shiba Inu worth has had a superb week or so, its technicals proceed to look promising.
Most notably its RSI (purple) stays near 70, signalling some excellent shopping for stress that doesn’t appear like it will likely be ending quickly.
The coin’s 30-day common (yellow) can also be rising steadily in direction of its 200-day (blue), one other signal of accelerating momentum.
But the shorter time period common remains to be under its long run counterpart, that means that SHIB can proceed rising earlier than it turns into overbought.
Maybe the over most constructive signal is SHIB’s 24-hour buying and selling quantity.
This has risen from round $50 million a number of weeks in the past to $400 million final week, with the present quantity nonetheless at a wholesome $150 million.
Such excessive ranges point out sturdy curiosity in SHIB, with the token still the most widely held ERC-20 coin among whales.
— Whale Alert (@whale_alert) October 20, 2023
SHIB has additionally witnessed a number of giant transfers up to now few weeks, which once more additionally recommend rising curiosity in accumulating the token.
Nonetheless, critics might recommend it’s regarding that, even amongst a Bitcoin ETF-fueled market-wide rally, SHIB remains to be down over the yr up to now.
Some might argue that this indicators a coin affected by a long-term decline, but SHIB has stronger fundamentals than most different meme tokens.
It has seen the launch of Shibarium up to now few months, with the layer-two community having fun with rising transactions in latest weeks.
— Crypto Make investments 🚀🔥💰 (@Crypto040622) October 26, 2023
It additionally continues to look ahead to the launch of SHIB: The Metaverse, an occasion which might possible ship SHIB hovering.
As such, the Shiba Inu worth is more likely to return to $0.0000090 within the subsequent couple of weeks and finish the yr at round $0.0000150.
New Meme Tokens For Large Rallies
As a result of SHIB stays in an unsure place, many merchants might decide to put money into different alts proper now, with the market having fun with a wholesome provide of promising new cash.
This contains promising new presale tokens, which may usually rally massive when itemizing on exchanges.
It’s doable that one thing like it will occur with Meme Kombat (MK), an ERC-20 cryptocurrency that has raised greater than $870,000 in its presale.
New week. New prospects.
Gonna be an enormous one for Meme Kombat as we strategy $900k in presale💪 pic.twitter.com/IrItVNW1Fu
— Meme Kombat (@Meme_Kombat) October 30, 2023
Whereas its identify would recommend that it’s little extra than simply one other meme coin, Meme Kombat is definitely an attention-grabbing and extremely novel betting platform.
Particularly, it’s going to allow customers to wager on AI-generated battles between widespread meme characters, with customers capable of wager towards one another or towards the platform itself.
Winners will obtain rewards within the native MK token, which will also be staked with the intention to earn a passive earnings.
Now we have reached 3000 fighters within the Meme Kombat Telegram Group🎉
— Meme Kombat (@Meme_Kombat) October 25, 2023
This distinctive setup has enabled Meme Kombat to draw a considerable amount of funding in a brief house of time, whereas it has additionally grown its Telegram channel to greater than 3,000 members.
How you can Enter the MK Presale
This all means that the MK token may rally massive as soon as it lists on exchanges, with buyers capable of purchase some early by visiting the Meme Kombat’s official website.
1 MK token at present prices $0.1667, with the cryptocurrency having a tough cap of 120 million.
The presale has an allocation of fifty% of this general provide, with one other 30% going to staking and battle rewards.
This makes MK a extremely decentralized token, and when joined with Meme Kombat’s progressive betting platform, it may rally massive as soon as it lists within the subsequent few weeks.
Disclaimer: Crypto is a high-risk asset class. This text is offered for informational functions and doesn’t represent funding recommendation. You may lose your entire capital.