Shiba Inu has shown a steady price increase, recently climbing above $0.000014. This upward momentum has sparked bullish sentiment, with some speculating that the coin could see a 10x price appreciation.
While Shiba Inu’s potential is impressive, there are growing opinions that smaller meme coins, like Pepe Unchained, may offer even greater returns.
In particular, Pepe Unchained has caught the attention of analysts, some of whom predict gains of up to 100x, making it a contender for outperforming even established coins like Shiba Inu in terms of capital gains.
Shiba Inu (SHIB) Price Analysis
As the cryptocurrency market heats up, Shiba Inu (SHIB) is gaining attention for its potential to surge in value during the final quarter of the year.
With bullish momentum building across the broader market, Shiba Inu appears poised for a breakout, exciting its large community of holders.
Shiba Inu currently ranks 13th in terms of market capitalization, holding an impressive $8.3 billion market cap. Recently, trading volume has surged by over 100%, but it has since declined by 24% to around $209 million.
On the weekly chart, $SHIB has shown minor increases over the past month. This resurgence has led to speculation about whether Shiba Inu is setting the stage for a significant price increase as the year concludes.
Analysts are predicting a strong finish to the year for Shiba Inu due to growing bullish sentiment. While some experts believe that $SHIB could potentially reach $0.002 by the end of the year, others have set more conservative targets.
However, with ongoing developments in the Shibarium ecosystem and the broader meme coin market showing signs of life, Shiba Inu appears well-positioned for further gains.
Shiba Inu is not the only meme coin experiencing upward momentum. Other meme coins, including well-established ones, have experienced gains in the past week, while Shiba Inu saw a slight increase.
As more meme coins get listed on major exchanges like Binance, the meme coin market could experience a broader rally, benefiting $SHIB and its competitors alike.
Shiba Inu’s Shibarium Surge: Bullish Metrics and Meme Coin Market Momentum
Shiba Inu has recently experienced a significant surge in on-chain metrics, creating a wave of excitement within its community. Shibarium, Shiba Inu’s Layer 2 blockchain, saw a 70% increase in transactions, rising from 4.52k to 7.7k within just 24 hours.
The platform’s total value locked (TVL) reached $1.2 million, while active addresses hit 1.81 million. Additionally, over 11,000 tokens have been created on Shibarium, showcasing its expanding utility and the ecosystem’s growing potential.
This boost in activity has been fueled by the introduction of decentralized finance (DeFi) applications, including the launch of K9 Finance, sparking renewed interest across the Shiba Inu ecosystem.
With transactions surging by 150% and fees increasing by 1,900%, Shibarium is solidifying itself as a key driver of future growth.
Beyond the Shiba Inu ecosystem, the broader meme coin market is also gaining momentum. Binance’s recent listing of major meme coins has led to speculation about an upcoming rally, with many meme coins posting gains.
Shiba Inu’s burn rate has surged by over 14,000%, reducing the circulating supply and contributing to the bullish outlook for its price.
These positive developments, both within Shiba Inu’s ecosystem and across the meme coin sector, suggest strong potential for continued upward momentum in the coming months.
If you’re looking for investment opportunities that could offer big returns and increase in value during the next bull run, check out our guide here for the best crypto presales of 2024.
Fresh Meme Coin with Strong Potential for Gains – Pepe Unchained
Pepe Unchained, an emerging meme coin project, is setting itself apart by creating a robust ecosystem centered around its own Layer 2 network.
Currently in its presale phase, the project has already raised over $14 million, which is being directed toward network development and other key strategic efforts.
This substantial backing has drawn considerable attention, with a rapidly growing community and significant transaction volumes.
Investors can easily participate by connecting wallets such as MetaMask and purchasing tokens using ETH, USDT, or credit cards.
A standout feature of Pepe Unchained is its Layer 2 blockchain, designed to offer instant bridging between Ethereum and the Pepe network while also reducing transaction fees and boosting processing speeds.
The Blueprint is clear 🐸 pic.twitter.com/c6JfJy8bbm
— Pepe Unchained (@pepe_unchained) September 19, 2024
Staking rewards currently sit at an impressive 146%, providing investors with the potential for immediate returns.
For those participating in the presale, a recommended strategy involves closely following the project’s social media channels, including X and Telegram, to stay updated on launch developments.
Pepe Unchained, with its unique features, large community, and solid financial backing, is quickly becoming one of the standout meme coin presales in the market right now. To participate in the $PEPU token presale, go to pepeunchained.com.
Related
- Cardano’s Trading Volume Falls as Pepe Unchained Hits $13 Million in Presale – Could $PEPU Be the Bullish Alternative to Watch?
- Wrapped Dog Price Pumps 16% Today – Will Pepe Unchained Be the Next to Rally at Launch?
The post Shiba Inu Prepares for Q4 Rally as This Layer 2 Meme Coin Set for 100x Surge at Launch appeared first on ReadWrite.
