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Shiba Inu Price Prediction – How Momentum Investors Can Propel This Meme Coin Back to $0.000014

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Source: TradingView

The Shiba Inu price has risen by 3% in the past 24 hours, reaching $0.00000907 as the wider cryptocurrency market enjoys a long overdue rally. Its current level marks a healthy 10% increase in a week, although the meme token is still 1.5% down in the last 30 days, as well as 90% lower than its all-time high of $0.00008616 (set in October 2021).

However, with SHIB finally seeing some positive action after months of selling, there’s now a good chance that its newfound momentum can help draw in more investors, who in turn can push it even higher. And with Shiba Inu still looking forward to the layer-two Shibarium Network and its own metaverse, its native token almost certainly has big rallies on the horizon this year.

Shiba Inu Price Prediction – How Momentum Investors Can Propel This Meme Coin Back to $0.000014

SHIB’s chart reveals the sudden arrival of some serious upwards momentum. Its relative strength index (purple) has risen from below 40 to nearly 70 in the past few days, signalling some strong upwards buying pressure.

Source: TradingView

While SHIB’s 30-day moving average (red) hasn’t begun rising yet, the fact that it has languished below its 200-day (blue) for so long indicates that it’s due a big rally soon. This also seems to be the consensus among big investors, with one whale reportedly transferring 3.3 trillion SHIB from one wallet to another, potentially in advance of dumping them on the market amid a pump.

A rally is expected largely because of the imminent launch of the Shibarium Network, a layer-two solution for Shiba Inu that’s due to launch its beta in the coming weeks, although the team hasn’t given a precise launch date yet.

Given that Shiba Inu is based on Ethereum, the launch of its own layer-two solution will make it cheaper and faster to use. In turn, this should boost adoption of the cryptocurrency, something which will be key in the context of Shiba Inu preparing to launch its very own metaverse

Yes, SHIB: The Metaverse remains under steady development, with its team releasing a trickle of demoes throughtout last year. It also commemorated the New Year with the assurance that it “an’t wait to share more developments” as 2023 unfolds.

Such developments are likely to increase SHIB’s price further, drawing in momentum investors who focus on rising coins. By extension, an influx of new investors will potentially create a positive circle for SHIB, attracting more adoption, more investment, and so on.

In terms of how sensitive SHIB’s price is to positive news, it posted a 58% rise in early February, for instance, caused simply by the announcement of its own metaverse. As such, the launch of the Shibarium Network and then, eventually, its metaverse is likely to cause some serious gains.

In light of this, it’s credible to predict that SHIB will return to $0.000014 at some point this year. And if crypto enters a new bull market towards the end of the year, it could rise even higher.

Strong Presale Coins 

Needless to say, SHIB’s return to $0.000014 and beyond may take more than a few months, so traders may prefer to look to other altcoins in the meantime. In particular, they may be interested in checking out presale tokens, which had a good 2022, despite the bear market.

For example, Tamadoge (TAMA) rose by as much as 1,800% compared to its presale price in October, when it was listed on OKX. Even more impressively, Lucky Block (LBLOCK) witnessed an increase as high as 6,000% in February, compared to a sale price of $0.00015.

While they may not replicate these massive gains, the three altcoins below all hope to enjoy successful listings in the next month or so, following the conclusion of their respective sales. And with each boasting strong fundamentals, they have a good chance of earning some good returns for their early investors.

Dash 2 Trade (D2T) – Last Chance Before Listing Tomorrow

Dash 2 Trade is an Ethereum-based trading intelligence platform due to launch in the next few months, when it will provide real-time analytics and social trading data. It offers investors of all experience levels all the resources and tools they could need to improve their trading performance.

The sale of its D2T token has raised over $15 million and has actually sold out, but the Dash 2 Trade team are now running an overfunding round before D2T lists tomorrow. It has already confirmed listings on BitMart, Changelly Pro, and LBANK Exchange, with Gate.io being the latest to announce support.

Visit Dash 2 Trade Now

Fight Out (FGHT)

Also based on Ethereum, Fight Out (FGHT) is an ambitious move-to-earn platform that combines real-life workouts with Web3. Taking the lead from earlier M2E platforms such as STEPN, it will track and reward an extensive variety of workouts, including boxing, weightlifting and yoga, while also offering a range of in-app and IRL courses at its own branded gyms.

Launched last month, its token sale has already raised over $2.8 million, with 1 FGHT currently going for $0.0166 (although this price will increase in the next stage).

Visit Fight Out Now

C+Charge (CCHG) 

C+Charge (CCHG) is a peer-to-peer payment network for electric vehicle (EV) charging stations, with the aim of widening access to carbon credits. Running on BNB Chain, it launched the sale for its native CCHG token before the end of 2022, with CCHG set to be used within its network by EV owners to pay to charge their vehicles.

C+Charge will also reward users with NFT-based carbon credits for charging their EVs at its stations, while the platform has already signed a deal with Perfect Solutions Turkey, adding 20% of the EV chargers in Turkey to its network. 

Visit C+Charge Now