Shiba Inu: Top Analyst Issues Last Buy Call Before SHIB Surges 501%

Juhi Mirza
shiba inu shib street lights
Source: Instagram / PrithivChandar

Shiba Inu has long been known as the OG meme token, thriving extensively in the budding cryptocurrency realm. The token has surged nearly 1652621.29% since its launch in 2021, driving a large user influx to its ecosystem. SHIB is now inching towards diversifying its user base and is now working towards giving birth to an extensive range of product offerings, which may help the token claim new price highs.

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Shiba Inu SHIB To Surge By 501%

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As Shiba Inu plans to unveil a variety of new products in the realm of Web3, users are now banking on the token’s stellar future path, hoping that it may fetch them lucrative returns. Per a recent post uploaded by SHIB enthusiast known as “Lucie,” the next set of SHIB product offerings includes launching ShibaHub and ShibaEternityP2E offerings to tempt and secure more users.

Keeping the token’s trajectory in sight, notable crypto analyst, Mags, has shared a new bullish price prediction for SHIB. The expert claimed that SHIB may soon surge by 501% and that investors should buy the dip as soon as they can before SHIB ascends and peaks at an all-time high. The chart uploaded by Mags also depicted SHIB’s meteoric price surge to $0.00014.

Per Mags, SHIB seems to have adopted a consolidating stance, which the token may soon come out of. After the consolidation phase, SHIB can resume its bullish pace, breaking out further to claim the $0.00014 mark by the end of the altcoin surge season.

Shiba Inu SHIB June Forecast

Such bullish predictions have gained incredible momentum within the SHIB community. The sector is now hoping for a complete SHIB overhaul as the altcoin season surge nears completion.

According to Coincodex, Shiba Inu is forecast to surge 228% by the end of June 2024. The token may trade at an all-time high of $0.00007004.

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“According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to rise by 226.25% and reach $0.00007004 by July 12, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 72 (greed). Shiba Inu recorded 12/30 (40%) green days with 4.51% price volatility over the last 30 days.”