In a bold prediction that is sparking considerable attention within the SHIB community, a prominent Shiba Inu ecosystem official has projected a staggering 250% increase in the token’s value ahead of Bitcoin’s upcoming halving. Shiba Inu marketing lead Lucie expressed her confidence in a significant recovery for SHIB, predicting that the meme coin could surpass its 2021 all-time high (ATH) in the coming weeks.
This bullish outlook comes despite the token’s recent 43% decline to $0.000026 from its recent yearly high of $0.000045. Lucie shared her personal investment move on X, revealing her purchase of SHIB during the recent dive around US$0.000024, totaling US$989.08.
She dubbed this strategy “I bought DIP, my lovely SHIB,” demonstrating her belief in a strong move for the meme coin. With SHIB currently trading at $0.000026, a 70% drop from its ATH of $0.00008845, the cryptocurrency is expected to undergo a rapid and significant 250% recovery to reach its previous peak.
This ambitious target is set in the context of next Bitcoin halving, predicted to occur in 22 to 31 days based on various estimates. “I bought the DIP. My lovely $SHIB. If anyone can make a miraculous recovery, it’s SHIB. I’m expecting the ATH right before or right after the BTC halving. Nfa,” Lucie noted.
I bought the DIP 🥰😍
My lovely $SHIBIf anyone can make a miraculous recovery, it is $SHIB
I’m waiting for the ATH right before or right after the BTC halving
NFA pic.twitter.com/lOXoHgHWUl— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼♀️ (@LucieSHIB) March 20, 2024
Shiba Inu Set to Overtake Dogecoin?
Lucie’s confidence can be reflected in another bold prediction from the Shiba Inu no X team, where they assert SHIB’s potential to eclipse Dogecoin in market capitalization through strategic moves called “Secret Wags.”
Reacting to CryptoCom’s ranking of SHIB as the second most valuable meme-inspired project, the Shiba Inu team hinted at a future where SHIB dethrones DOGE, stating: “(Number) 2 today, but Doge’s days are numbered.”
The competition between SHIB and DOGE is not new; Both tokens have vied for dominance in the past. DOGE currently ranks 10th in market cap among all cryptocurrencies, with SHIB close behind in 11th place. The market cap difference between DOGE and SHIB is $4.14 billion, with DOGE boasting a market cap of $19.41 billion compared to SHIB’s $15.27 billion.
To reach a new all-time high against its competitor, DOGE, SHIB would need to recover another 50% (SHIB/DOGE), taking advantage of the 98% gain against DOGE in the last four weeks.
Despite past attempts to surpass Dogecoin, the Shiba Inu team remains undeterred, driven by the growing utility of the Shiba Inu ecosystem beyond its meme coin origins. O Shibarium developmenta blockchain platform that offers various utilities for crypto development, and the support of the #ShibaArmy, underline the team’s determination.
“We have the #ShibaArmy, the #Shibarium and secret tricks that we cannot reveal yet. Get ready for a new doggo top. Lots of surprises coming! #SHIB,” the team said enthusiastically.
#2 today, but Doge’s days are numbered. We have the #ShibaArmy #Shibário and secret jokes that we can’t reveal yet. Get ready for a new doggo top. Lots of surprises coming! #SHIB https://t.co/GiCJ2OKCLv
-Shib (@Shibtoken) March 20, 2024
At press time, SHIB traded at $0.00002566.
Featured image from Shutterstock, chart from TradingView.com
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