Expert Notes on the Similarities Between SHIB and Dogecoin

Experts currently note the similarities between SHIB and Dogecoin and predict that the price of this token could increase by 0.000049 dollars, aiming for triple-digit growth. Shiba Inu is likely to see a significant price increase as an analyst believes its price could follow a similar path to Dogecoin, the leading meme coin. Dogecoin has recently surged over 100% to $0.4359, thanks to its association with Elon Musk, who played a significant role in Donald Trump's election victory. This price increase temporarily pushed Dogecoin's market capitalization to 65 trillion dollars, surpassing the valuation of XRP. Although the price of Shiba Inu has risen by 39% in the past month, it still has not seen the explosive growth like Dogecoin. Meme coins based on Ethereum have surpassed the resistance level at $0.000021, but still lag behind other strong assets like XRP and Solana. Analyst Ali Martinez has pointed out the similarities between the chart of Shiba Inu and the chart of Dogecoin before the price of this coin surged significantly. He predicts that if this pattern continues, the price of Shiba Inu could increase by almost 100%, possibly reaching a three-year high of 0.000049 dollars. He has shared this support forecast chart.

Martinez previously speculated that Shiba Inu could rise to 0.000039 dollars, noting that a similar price increase also occurred when whales withdrew a large amount of SHIB from the exchanges. Other analysts also have a positive view on Shiba Inu. For example, analyst Carl “The Moon” believes the price could rise to 0.00003630 dollars if it increases. Meanwhile, Lucie, the marketing director of Shiba Inu, is even more optimistic, predicting a price of $0.0000686, equivalent to a growth rate of over 170%. Currently, Shiba Inu is trading at $0.00002742.