Shiba Inu had a phenomenal run this week after its price jumped 35% on Monday. SHIB has been up nearly 56% in the last seven days generating decent returns for investors. This week, the dog-themed crypto displays bullish sentiments as investors flock toward its entire ecosystem tokens. Its ecosystem token Leash shot up 54% in 30 days while Bone, on the other hand, spiraled upwards and doubled in price. Bone was trading at $0.48 last month and touched $1.13 today, rising 122%. Crypto analyst Altcoin Sherpa recently provided a Shiba Inu price prediction claiming that SHIB can “go higher than you think.”
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Shiba Inu Price Prediction
Analyst Altcoin Sherpa tweeted to his 182,000 followers that Shiba Inu might have another run in the indices soon. He revealed that he had already sold 1/3rd of his holdings but still holds the rest of SHIB tokens. The analyst shared charts of SHIB’s recent performance, claiming that the token is currently in accumulation mode yet again.
Altcoin Sherpa stated that he intends to hold Shiba Inu a bit longer, as it can deliver better returns again. Though he did not precisely pinpoint a price, he predicted that SHIB would “go higher.”
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“SHIB: I’m still in this trade but I already took 1/3rd off yesterday. I’m personally going to hold it a bit longer because I think it could have another leg. The reasoning being that it looks like it’s been accumulating a while and usually these go higher than you think.”
Also, since Shibarium documentation will be released next month, SHIB’s price is gearing up for another rally. In addition, the Shiba Inu Eternity game will be launched soon, making it available for download on both iPhone and Android devices.
Also Read: Shiba Inu’s Bone Doubles in Price: Breaches $1 From $0.50 in 30 Days
At press time, Shiba Inu was trading at $0.00001619 and was up 1.8% in the 24 hours day trade. However, the canine-themed crypto was down 81.2% from its all-time high of $0.00008616, seen in October last year.