{"id":86565,"date":"2023-11-20T08:43:58","date_gmt":"2023-11-20T13:43:58","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/shiba-inu-price-prediction-as-100-million-trading-volume-comes-in-is-the-meme-coin-starting-a-new-bull-trend\/"},"modified":"2023-11-20T08:44:02","modified_gmt":"2023-11-20T13:44:02","slug":"shiba-inu-price-prediction-as-100-million-trading-volume-comes-in-is-the-meme-coin-starting-a-new-bull-trend","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=86565","title":{"rendered":"Shiba Inu Price Prediction as $100 Million Trading Volume Comes In \u2013 Is the Meme Coin Starting a New Bull Trend?"},"content":{"rendered":"<div>\n<p><noscript><\/noscript><\/p>\n<p>The Shiba Inu price has risen by 2% in the past 24 hours, moving to $0.00000864 on a day when the cryptocurrency market as a whole makes a similar gain.<\/p>\n<p>SHIB is now down by 2% in the past week, yet recent market gains have helped the meme token hold onto a 5% increase in a fortnight and a 23% rise in the last 30 days.<\/p>\n<p>Yet with SHIB up by only 6.5% since the beginning of the year, it has plenty of making up to for lost gains, meaning that it could outperform the market during the next bull rally.<\/p>\n<h2>Shiba Inu Price Prediction as $100 Million Trading Volume Comes In \u2013 Is the Meme Coin Starting a New Bull Trend?<\/h2>\n<p><span class=\"replacer\"><\/span><br \/>The market may have had an uneven few days, yet SHIB\u2019s indicators look as though they\u2019re pointing to an incoming rallies.<\/p>\n<p>This is particularly the case with its 30-day average (yellow), which has just climbed over the 200-day average (blue) and formed a \u2018golden cross.\u2019<\/p>\n<figure id=\"attachment_133623\" aria-describedby=\"caption-attachment-133623\" style=\"width: 4310px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-133623\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>Such crosses can indicate an impending breakout, although the picture is confused slightly by SHIB\u2019s RSI (purple).<\/p>\n<p>This latter indicator is sticking just below 60 and doesn\u2019t appear to be rising right now, implying that the meme token doesn\u2019t currently have enough momentum or buying pressure to mount a really big rally.<\/p>\n<p>It\u2019s also interesting that the coin\u2019s 24-hour trading volume has risen slightly to $100 million today.<\/p>\n<p>This is not actually that much compared to bigger tokens, yet the relatively low depth potentially means that a big buy order from a whale could push the Shiba Inu price much higher.<\/p>\n<p>It\u2019s certainly overdue a big push, given that 2023 has been a more or less disappointing year for the token.<\/p>\n<p>Yet this is despite Shiba Inu having increasingly laudable fundamentals, with the meme token witnessing several updates this year that provide it with real utility.<\/p>\n<p>The first was the launch of the layer-two Shibarium network in August, which provides the formerly Ethereum-dependent token with faster and cheaper transactions.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Almost 4 million transactions on <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/Shibarium?src=hash&amp;ref_src=twsrc%5Etfw\">#Shibarium<\/a> https:\/\/t.co\/MRFHRL6IiQ <a rel=\"nofollow\" href=\"https:\/\/t.co\/K4nV3PWxvY\">pic.twitter.com\/K4nV3PWxvY<\/a><\/p>\n<p>\u2014 Digarch.shib | Shibarium is live (@Digarch) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/Digarch\/status\/1724676214781087952?ref_src=twsrc%5Etfw\">November 15, 2023<\/a><\/p>\n<\/blockquote>\n<p>Shibarium has now processed nearly four million transactions since launching, while also registering around 1.25 million wallet addresses.<\/p>\n<p>This points to how big it could become, with Shiba Inu also launching its own name service a few weeks ago, in another move towards greater utility.<\/p>\n<p>Based on such developments, SHIB should continue rising in the coming weeks and months.<\/p>\n<p>It\u2019s likely to reach $0.000010 in the next few weeks, before opening the New Year at around $0.000020.<\/p>\n<h2><strong>High-Potential New Meme Tokens<\/strong><\/h2>\n<p><span class=\"replacer\"><\/span><br \/>Given that SHIB\u2019s immediate trajectory remains slightly uncertain, some traders may prefer to invest in newer alts and meme coins.<\/p>\n<p><span style=\"font-size: 16px\">While the viability of new coins is often unpredictable, one way of identifying assets with promise is to look for successful presales, which can predict big listings and successful lifecycles.<\/span><\/p>\n<p><span style=\"font-size: 16px\">And one of the most successful presales happening now belongs to <\/span>Meme Kombat (MK) is <span style=\"font-size: 16px\">an ERC-20 cryptocurrency that has raised over $1.9 million in around a month.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We have hit the $1.9 million milestone for our <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/search?q=%24MK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MK<\/a> presale\ud83d\udcaa <\/p>\n<p>Memers never stop\ud83c\udfce\ufe0f <a rel=\"nofollow\" href=\"https:\/\/t.co\/j2jnmUW5u8\">pic.twitter.com\/j2jnmUW5u8<\/a><\/p>\n<p>\u2014 Meme Kombat (@Meme_Kombat) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/Meme_Kombat\/status\/1726269875478216825?ref_src=twsrc%5Etfw\">November 19, 2023<\/a><\/p>\n<\/blockquote>\n<figure class=\"media\"><\/figure>\n<figure class=\"media\"><\/figure>\n<p>The reason why investors are taking to Meme Kombat is that it\u2019s more than a meme token, with its platform set to enable users to bet on AI-generated meme battles.<\/p>\n<p><span style=\"font-size: medium\">Its platform will randomize battles using AI and render them in real-time for users to watch, providing an entertaining and communal focus for bets.<\/span><\/p>\n<p>At the heart of the platform is the MK token itself, which Meme Kombat will use to pay winnings and which users can also stake for a passive income.<\/p>\n<p>And given that memes remain one of the most popular elements within the crypto ecosystem, Meme Kombat\u2019s platform is likely to do well once it launches in the next few weeks.<\/p>\n<p>New investors can join its sale by visiting Meme Kombat\u2019s official website and connecting their wallets, such as MetaMask.<\/p>\n<p><noscript><iframe loading=\"lazy\" title=\"Meme Kombat Staking Goes Live - New 10x Potential Meme Coin?!\" width=\"880\" height=\"495\" src=\"https:\/\/www.youtube.com\/embed\/KNO3xRpJA64?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/noscript><\/p>\n<p>1 MK currently costs $0.205, yet this price could end up seeming very cheap when exchanges begin listing the token.<\/p>\n<p><strong>Visit Meme Kombat Now<\/strong><\/p>\n<p><i><sup>Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/i><\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/shiba-inu-price-prediction-as-100-million-trading-volume-comes-in-is-the-meme-coin-starting-a-new-bull-trend.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Shiba Inu price has risen by 2% in the past 24 hours, moving to $0.00000864 on a day when the cryptocurrency market as a whole makes a similar gain. SHIB is now down by 2% in the past week, yet recent market gains have helped the meme token hold onto a 5% increase in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":86566,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-86565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shiba Inu Price Prediction as $100 Million Trading Volume Comes In \u2013 Is the Meme Coin Starting a New Bull Trend? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The Shiba Inu price has risen by 2% in the past 24 hours, moving to $0.00000864 on a day when the cryptocurrency market as a whole makes a similar gain.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=86565\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shiba Inu Price Prediction as $100 Million Trading Volume Comes In \u2013 Is the Meme Coin Starting a New Bull Trend? 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