Shiba Inu price predictions when SHIB explodes 100% every week

TL; DR

Shiba Inu has experienced a significant price increase recently, with good forecasts for further gains. Discussions around meme coins such as SHIB and DOGE are heating up with different individuals giving different opinions on which is the best investment amid predictions of the next crash trends in the cryptocurrency market.

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How high can SHIB go?

The second largest meme coin has captured the green wave in the cryptocurrency sector by becoming one of the best performers in the market. The price increased more than 100% on a 7-day scale and 125% monthly (according to CoinGecko data).

Some industry participants believe the rally is nowhere near the end, with more profits in mind. A crypto enthusiast with hundreds of thousands of followers on X – Altcoin Sherpa – recently shared a chart showing that SHIB's valuation is trending alongside Dogecoin (DOGE).

The analyst It is estimated. The meme coins will record similar price trajectories in the coming months in terms of their respective market value.

“This will eventually do big numbers, but it's going to work more like a big cap and a meme,” predicted Altcoin Sherpa.

He further predicted strong performance for both assets but advised traders not to expect a 5,000x increase.

Another crypto enthusiast, Mar, provided a chart showing DOGE and SHIB following each other's steps. The post on X generated heated discussion, with users wondering if the first-meme coin is a better trading option than its rival. MAR gave their preference to DOGE, while others said that WIF, FLOKI or PEPE were much better choices than the leaders in the state.

For those willing to take an in-depth look at different meme coins, their specifications and risks, feel free to watch our curated video below.

SHIB's prediction came true

One trader who has successfully predicted the rise in Shiba Inu's price is X user SHIB KNIGHT. On February 22, the analyst He predicted With a 50% increase in one week, the price of meme coin was on the verge of collapse. Remember SHIB hit a one-year high at the end of February.

The bullish environment in the cryptocurrency space suggests, among other things, that asset prices may continue to rise. As such, it will be interesting to follow what the market has to offer in the near future.