Shiba Inu Pump Resumes as Traders Look Past ATH
Shiba Inu (SHIB) has recorded a 10% gain today, suggesting a revival in market interest in meme cryptocurrencies. Additionally, a new meme coin named Scotty the AI has gained traction, securing over $3.5 million in funding.
SHIBA INU PUMP RESUMES AS TRADERS LOOK PAST ATH
SHIB has seen remarkable success recently, with a substantial 266% increase and a $15 billion rise in its market cap. After reaching a peak price of $0.000045, close to its ATH of $0.00008845 in October 2021, SHIB started consolidating between $0.00003 and $0.000038.
However, SHIB seems poised for another surge, bouncing from the $0.000031 level and marking a 10% increase today. Currently priced at $0.0000341, SHIB has a market cap of $19.9 billion and a trading volume of $3.5 billion in the last 24 hours.
Analyst Predictions and Price Targets
Crypto Sheriff highlighted that SHIB is currently in a symmetrical triangle and expected to break out to the upside soon. PullbackSignal projected potential highs of $0.0000580, offering a target leaving room for a 70% jump from its current price.
On a longer-term outlook, analyst Alan Santana foresees substantial upside potential, suggesting price targets on the weekly chart at $0.000057 and $0.00014, indicating a 311% increase from the current price. Besides, other meme coins like Scotty the AI are also anticipated to experience notable gains.
Trending Presale: Scotty the AI Hits $3.5M
Scotty the AI, a new meme coin implementing AI for enhanced blockchain security, has quickly garnered attention among investors. The coin’s unique blend of entertainment and advanced technology has fueled significant interest, with the presale already raising $3.5 million. Analyst Jacob Bury has highlighted the coin’s potential for tenfold growth, adding to investor excitement.
