Shiba Inu (SHIB), the second-largest meme coin, is considered one of the best for several reasons. The community-driven project has the most loyal followers and intends to leave its “meme coin” tag behind.
The network has been building its utility and making it more accessible for its investors. With great potential, investors seek the right opportunity to invest in SHIB.
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Current Trading Situation and Future Predictions
At press time, SHIB was trading at $0.0000135 following a dainty uptick of less than 1%. The meme coin had a decent year, rising 86% over the past 12 months. Despite this increase, the asset is trading 84% below its all-time high of $0.00008845.
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Potential Buying Opportunity
Considering its current situation, investors might consider this price a good buying opportunity. According to Changelly, SHIB will reclaim its all-time high sometime between 2026 and 2027.
As a result, accumulating more Shiba Inu during a slump can put investors at a major profit. Currently, only 45% of the meme coin holders are at a profit, data from IntoTheBlock revealed.
Sunday Is the Best Day To Buy Shiba Inu
According to data from CoinCodex, Sunday is considered the best day of the week to purchase cryptocurrencies. This specific day of the week has been exhibiting substantial gains across the board since January 2016.
The overall cryptocurrency market cap climbed by an average of 0.745% on Sunday, with Bitcoin gaining 0.028% and Ethereum 0.256% on the last day of the week.
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In addition, crypto assets have been performing better on weekends than weekdays, with Fridays having the lowest performance overall.