Shiba Inu, Pepe Pump 8%, Which Meme Coins Are Next - Trader Price Predictions
Shiba Inu and Pepe are both up 8% in the past 24 hours, outperforming the wider crypto market which is slightly in the red after news broke yesterday of the SEC delaying its decision on the Ark Bitcoin ETF.
Some prominent analysts have noted that ten to twelve months prior to the last Bitcoin halving, BTC dominance peaked and altcoin dominance bottomed. If that pattern repeats, it may be a good time to scale into altcoins.
The next Bitcoin halving is approximately eight or nine months away, estimated to take place in April or May 2024. If an 'altcoin season' is around the corner, meme coins may be some of the best cryptos to watch as they tend to pump the hardest.
Shiba Inu Price Predictions
Altstreet Bets is expecting the Shiba Inu price to 'go much higher', having already entered a position when SHIB swept its 2022 lows and quickly reclaimed the 2023 yearly open.
CryptoGodJohn tweeted today that the Shibarium being set to finally launch is a 'potential catalyst for $SHIB' continuing to lead the market.
Cantering Clark (now The Flow Horse) posted: 'Looks like someone is building a long position further in $SHIB, which is also about to be narrative driven. Up more'.
Shiba Inu is currently the most trending cryptocurrency on CoinMarketCap.
Pepe Price Predictions
The Birb Nest trader QBS posted prior to Pepe's latest rally that he thinks '$PEPE will run hard'.
Rekt_Tekashi also tweeted 'send the frog', showing the increase in buying volume on the high-timeframe Pepe price chart.
One of the most followed crypto Twitter accounts, KALEO, posted that '$PEPE looks ready to initiate full send'. He's also made bullish Dogecoin price predictions this week.
Pepe is currently the 2nd most trending cryptocurrency on CoinMarketCap, and also the #2 hot pair on DEXTools.
Note that there are also new meme coins recently listed on Uniswap with the tickers $SHIB and $PEPE (following the success of $BITCOIN), which are separate assets.
New Meme Coins To Watch
We recently highlighted Shibie Coin which has now entered the last 48 hours of its presale and is over 75% sold out.
An homage to both Shiba Inu and the Barbie movie, $SHIBIE will launch on Uniswap this week with a market cap well under $1 million, and analysts predict it could be one to watch.
Crypto analyst @Chloe_crest included $SHIBIE on their list of the best meme coins to invest in this year, alongside Shiba Inu and Pepe.
A move back to its all-time highs would be an approximately 8x gain for Shiba Inu, and 4x for Pepe - however new meme coins with a low market cap often hit that kind of ROI within hours of their initial exchange listings.
See our Shibie Coin price prediction post for a closer look at this new meme coin project.
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.