'Dogecoin Killer' Shiba Inu Pushes Mainstream Adoption And Is On The Verge Of '4X Breakout', Says Trader
Portfolio Pulse from Khyathi Dalal
Shiba Inu (SHIB) is experiencing developments that could lead to a significant price breakout, with trader Javon Marks predicting a potential 4X increase. CoinGate has added SHIB support for transactions, indicating growing mainstream adoption. The meme coin has shown strong performance, with a +810% move since mid-2023, and current indicators suggest a bullish trend.
May 13, 2024 | 11:47 am
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Shiba Inu (SHIB) is predicted to potentially experience a 4X price increase according to trader Javon Marks, following a +810% gain since mid-2023. The addition of SHIB support by CoinGate for various transactions further supports its mainstream adoption and bullish trend.
The prediction of a 4X price increase by Javon Marks, based on technical analysis and recent performance, suggests a strong bullish trend for SHIB. The support by CoinGate for SHIB transactions on major platforms like Airbnb and Steam indicates growing mainstream adoption, which could further drive demand and price. The historical performance and current market indicators support a positive short-term impact on SHIB's price.
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