Dogecoin, Shiba Inu Ready To 'Go Crazy This Cycle', Says Crypto Analyst, But Warns They 'Will Never Experience The Same Insane Growth'
Portfolio Pulse from Mehab Qureshi
Crypto analyst Altcoin Sherpa predicts bullish runs for Dogecoin (DOGE) and Shiba Inu (SHIB) but cautions against expecting past peak growth levels. Both are in accumulation phases, with potential significant runs in 2024-2025. Dogecoin recently rose to $0.113, and Shiba Inu to $0.00001139. The analyst also speculates on Bitcoin's (BTC) potential pullback near its all-time high.
March 01, 2024 | 2:57 pm
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NEGATIVE IMPACT
Bitcoin might face a decline near its all-time high of $69,000, with a potential pullback around $60,000 according to the analyst.
The analyst's prediction of a potential decline for Bitcoin as it approaches its all-time high suggests a negative short-term impact. The specific mention of a pullback around $60,000 provides a clear basis for this analysis.
CONFIDENCE 70
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Dogecoin is predicted to have a bullish run, with recent price increase to $0.113. Analyst suggests it could reach $1 but cautions against expecting massive gains.
The analyst's optimistic outlook for Dogecoin, combined with its recent price increase, suggests a positive short-term impact. However, caution about expecting past peak growth levels tempers the potential upside.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Shiba Inu is expected to trade similarly to Dogecoin with a recent increase to $0.00001139. Analyst sees potential for significant runs in 2024-2025.
Given the analyst's bullish prediction and Shiba Inu's recent price increase, a positive short-term impact is expected. The anticipation of significant runs in the near future adds to the asset's potential.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 90