Shiba Inu Price Forecast: Will $100M Trading Volume Trigger a Recovery?

Shiba Inu Price Forecast: Will $100M Trading Volume Trigger a Recovery?
0 0

In 2024, cryptocurrency is growing. The trade volume on Shiba Inu has exceeded $100 million, and the technical indicators appear optimistic.

But compared to other cryptocurrencies, the percentage gains aren’t as noteworthy.

We go into and examine a new currency that is now in presale that has already outperformed Shiba Inu and has the potential to increase by around 8000%.

Shiba Inu Price Forecast: Will $100M Trading Volume Trigger a Recovery?

The cryptocurrency space has had some exciting times in the last few months, and as the Bitcoin Spot ETF filings get near, the market is becoming more robust.

Today, Bitcoin hit a record high of $45,000, but what does this mean for the most popular memecoin?

Similar to cryptocurrencies such as Bitcoin, Shiba Inu is presently rising on hourly, daily, weekly, monthly, and annual charts.

A crucial indicator for Shiba Inu is the $100 million 24-hour trading volume, which it has just surpassed to reach over $131 million.

As we can see from the Trading View chart, most technical indicators are pointing to a buy.

Shiba Inus, who just lost another zero and has maintained that level while continuing to rise, appears to have a bright future.

Shiba Inu is probably going to continue rising if the cryptocurrency market continues to rise, based on the info above.

In addition, Shiba Inu is actively developing a number of projects, including its magazine, Layer 2 blockchain, Shibarium, and many other things. 

Shiba Inu Price Forecast: Will $100M Trading Volume Trigger a Recovery?

However, there is a problem. It has increased by about 31% in the past year and 28% in the past month. These numbers ought to make us pause. 

Because 28% is little compared to memecoins Bonk and CorgiAI, even though it is expected that Shiba Inu will increase more if the market remains optimistic.

These coins have increased by 201% and 189%, respectively, over the past month. 

Investing in these coins (SHIB, BONK, and CORGIAI) and hoping they continue to rise is one strategy. But given the recent surge in value of these coins, that is a dangerous course of action.

Investing in a promising presale project that still has most of its upside and is expected to rise over the next few months would be another tactic. Analysts are watching MGLS – Meme Moguls in light of this.

This is a memecoin game where you can play to earn memecoins. It resembles Memecoin of Memes in certain ways. 

Why? Because the game combines elements of a crypto-fantasy trading game with a community for meme enthusiasts to exchange alpha.

In addition to Meme NFTs—such as business titans like Warren Buffet or Elon Musk—players can win MGLS.

In addition, they have the ability to acquire (and sell) more meme-based commodities, which provide players an edge in trades and competitions including fantasy leagues.

Though there are several opportunities to profit inside the ecosystem, the MGLS token is our main emphasis at the moment.

At this point in the presale, MGLS is valued at $0.0027 in stage four. Up until the presale concludes, the currency will keep increasing in value.

After the debut, seasoned cryptocurrency experts anticipate a gain to $0.19, especially given the present optimistic market conditions. 

That is an increase of 8000% since the start of the presale and 7500% from the current price.

It’s thrilling in and of itself. However, there’s more! Engaging with the game and community will probably make you one of the first to find out when the next MGLS, SHIB, BONK, CORGIAI, or other mooning memecoin comes along. Arriving early is essential!

Disclaimer: The information provided in this article is for educational purposes only and should not be considered financial advice. 

Cryptocurrency investments are inherently risky, and readers should conduct their own research and seek professional advice before making any investment decisions.

Shiba Inu Price Forecast: Will $100M Trading Volume Trigger a Recovery?

Techno Tropics

Techno Tropics is a passionate tech enthusiast and the voice behind it, a leading source for daily updates on AI, big data, analytics, and cryptocurrency. Stay tuned for the latest tech news and insightful analysis.
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Leave a Reply

Your email address will not be published. Required fields are marked *