SHIBA INU PUMP RESUMES AS TRADERS LOOK PAST ATH
Amid signs of renewed interest in meme cryptocurrencies, Shiba Inu (SHIB) has recorded a 10% gain today, showcasing a revival in market enthusiasm. Concurrently, the launch of a new meme coin, Scotty the AI, has captured attention, with its presale swiftly surpassing $3.5 million in funding.
SHIB has enjoyed notable success this month, soaring 266% and adding a staggering $15 billion to its market cap.
The hype-fueled run reached a peak price of $0.000045, over halfway to its October 2021 ATH of $0.00008845.
However, it appears that SHIB is gearing for its next leg up, bouncing off the $0.000031 mark and pumping 10% today. Currently priced at $0.0000341, SHIB holds a $19.9 billion market cap and a $3.5 billion 24-hour trading volume.
Analyst Predictions for SHIB
Analyst Crypto Sheriff noted Shiba Inu was amid a symmetrical triangle and would likely break to the upside shortly, aiming for higher goals in the current bull season.
On TradingView, PullbackSignal forecasted potential highs of $0.0000580 for SHIB, suggesting a 70% increase from its current price. Meanwhile, analyst Alan Santana predicted even more upside, setting price targets on the weekly time frame at $0.000057 and $0.00014, indicating a 311% increase from the current price.
TRENDING PRESALE SCOTTY THE AI HITS $3.5M
Scotty the AI, a new meme coin promising enhanced blockchain security through AI technology, has gained significant investor interest with $3.5 million raised in its presale. Analyst Jacob Bury highlighted the coin’s potential for tenfold growth, further fueling investor enthusiasm.
