Prominent crypto expert Unipcs, popularly referred to as the Bonk Guy, speculates that meme-based tokens, like Shiba Inu, will surge insanely in the coming weeks.
The analyst issued the bold prediction after Shiba Inu’s price pumped to a three-month high yesterday. At the time of the post, Shiba Inu was priced at $0.00002063 per token. Notably, the token continued its upward movement after the post to $0.00002156.
SHIB Price
Shiba Inu to Continue Rally
According to Bonk Guy, Shiba Inu is poised to continue its rally if the overall market condition remains strong and Bitcoin (BTC) continues to increase in value. The expert noted that there is significant interest around memecoins, like Shiba Inu, predicting that these tokens could surge insanely in the coming weeks or months.
He asserted that the recent rise in Shiba Inu and other memecoins is still early, indicating that these assets could witness additional price growth.
Bonk Guy, who has over 37,000 followers, takes pride in the fact that most of his bold predictions have always come to pass. For instance, on September 26, when SHIB was trading at $0.00001776, the expert forecasted that the asset was on the verge of a significant price increase.
The following day, SHIB breached the $0.00002 resistance, hitting a three-month high record of $0.00002063. Interestingly, Shiba Inu increased this record to $0.00002156.
Shiba Inu to Positively Impact Other Memecoins
Per Bonk Guy, Shiba Inu’s incredible performance would positively impact other dog-themed memecoins like Bonk (BONK), Floki (FLOKI), and dogwifhat (WIF). The expert mentioned that these tokens are already seeing increased buying activity, which could potentially result in huge spikes.
Overall, the expert is confident about Shiba Inu’s prospects, indicating that the asset could significantly surge in the coming weeks. This potential rise could impact the performance of other memecoins, especially dog-themed tokens like WIF, FLOKI, and BONK.
Recent Positive Outlook for Shiba Inu
Besides Bonk Guy, other crypto experts also believe that Shiba Inu is primed for a massive rally. As reported earlier, popular Shiba Inu community figure SHIB KNIGHT projected that SHIB is ready to conquer its previous all-time high of $0.00008616, registered on October 28, 2024.
Another analyst, Oscar Ramos, asserted that Shiba Inu is just beginning its upward trajectory and that the asset could set a new all-time high of $0.00017 by 2025.
Furthermore, famous market observer Javon Marks drew attention to a significant feat recorded by Shiba Inu, emphasizing that the token has successfully broken out of a falling wedge pattern. Following this breakout, Marks projected that Shiba Inu could initiate a rally toward the $0.000081 territory, the point where SHIB registered its previous all-time high in 2021.
At press time, Shiba Inu has slumped below the $0.00002 level, with the token currently trading at $0.00001930. The retracement is expected as investors move to capitalize on the recent price surge by offloading some of their SHIB holdings.