Shiba Inu Bulls Charge Ahead: Analyst Foresees 480% Price Surge—Here’s Why

Quick Summary:

LucieSHIB, the project’s lead marketer, highlighted that the portal provides essential tools for developers, including API Management and Node Access, which are crucial for building decentralized applications (dApps) on Shibarium.— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) September 5, 2024 This latest update is seen as a positive step towards strengthening Shiba Inu’s ecosystem, with the potential to attract more developers and projects to the platform.

This outlook shared by Marks comes at a time when SHIB is currently going through a bearish phase, although SHIB is not alone in this bearishness as several other notable meme coins such as Dogecoin (DOGE), PEPE and dogwifhat (WIF) has also seen major plunge in value.

These bullish patterns in its RSI, as highlighted by the analyst suggest a strong potential for a significant recovery, with Marks projecting that SHIB could witness a 231% rally to reclaim its 2024 highs.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: United Kingdom

Topics: Crypto market Shiba Inu SHIB Shiba Inu Coin Crypto Altcoin SHIBUSDT Memecoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-06 @ 07:30:02 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 465 words

Reading Time: 3 minutes read

Sentences: 74 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22389422

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