Shiba Inu May Have 'Another 147%' Upside Coming, Analyst Says As $31B Trading Volumes Overshadow Dogecoin
Portfolio Pulse from Khyathi Dalal
Shiba Inu (SHIB) is experiencing a bullish sentiment with a 224.4% monthly gain, overshadowing Dogecoin. Trading volumes have surged by 102.3%, with a notable increase in whale transactions and a 427.55% spike in the burn rate. Crypto.com has also boosted SHIB's visibility by listing it and featuring it prominently in their app title. Analyst Javon Marks predicts a potential +147% upside for SHIB if it breaks and holds above $0.00008.
March 14, 2024 | 9:00 pm
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Shiba Inu (SHIB) shows strong bullish sentiment with significant trading volume increase and a potential +147% upside as predicted by analyst Javon Marks.
The bullish sentiment is driven by increased trading volumes, whale activity, and a significant burn rate spike. Crypto.com's marketing efforts and analyst predictions further support the potential upside.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100