'Dogecoin Killer' Shiba Inu Surges 6% Leaving Pepe Coin, DOGE Trailing: Analyst Foresees 'Sustained Long-Term Growth'
Portfolio Pulse from Mehab Qureshi
Shiba Inu (CRYPTO: SHIB) has seen a 6% increase, outperforming Dogecoin (CRYPTO: DOGE) and Pepe Coin (CRYPTO: PEPE). Analyst AlanSantana predicts a pattern of bullish and bearish waves for SHIB, with a potential for sustained long-term growth despite expected corrections. Shibarium's recent activity and the burning of 8.2 billion SHIB tokens have contributed to discussions within the community. SHIB's price rose to $0.0000099, marking an 8% increase in the last 24 hours.
December 14, 2023 | 7:29 am
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POSITIVE IMPACT
Shiba Inu (SHIB) has surged 6%, with an analyst predicting sustained long-term growth. Shibarium's increased activity and token burning are notable developments.
The positive momentum and analyst predictions for SHIB, along with the recent token burn, are likely to boost investor confidence and could lead to a short-term increase in SHIBUSD's price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Dogecoin (DOGE) was outperformed by Shiba Inu's recent 6% surge. Analyst predictions of SHIB's growth could indirectly affect DOGE's market perception.
DOGEUSD may face negative sentiment as Shiba Inu gains traction and is predicted to have sustained long-term growth, which could lead investors to favor SHIB over DOGE in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Pepe Coin (PEPE) was also overshadowed by Shiba Inu's performance. The focus on SHIB's growth could draw attention away from PEPE.
Pepe Coin may experience a decrease in investor interest as Shiba Inu's recent surge and positive analyst outlook could make SHIB a more attractive investment in the meme cryptocurrency space.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 40