'Dogecoin Killer' Shiba Inu Is 'Catching Up' To DOGE, Says Crypto Analyst: 'On-Chain There Is A Lot More Craziness'
Portfolio Pulse from Mehab Qureshi
Cryptocurrency analysts are optimistic about Shiba Inu (SHIB) reaching new all-time highs, noting its significant rise and potential to outperform Dogecoin (DOGE). SHIB has surged nearly +400% and needs to rally an additional +120% to achieve new highs. Analysts highlight key resistance levels and compare SHIB's market cap growth to established tech firms. Investor Oscar Ramos predicts SHIB could reach $0.0001 in the 2024 bullish cycle.
March 06, 2024 | 10:05 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Shiba Inu (SHIB) is on the verge of reaching new all-time highs, with a significant rally and optimistic predictions from analysts and investors.
The positive sentiment from analysts and specific price targets suggest a strong bullish outlook for SHIB, potentially driving its price up in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Dogecoin (DOGE) is mentioned as a comparative benchmark to Shiba Inu's performance, with SHIB catching up in market cap and performance.
While DOGE is used as a comparative measure, the direct impact on its price is less clear, but it could see indirect effects from SHIB's movements.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50