Shiba Inu (SHIB) May Skyrocket 20% If This Happens


Reputable cryptocurrency expert Ali Martinez predicts a 20% increase in value for Shiba Inu (SHIB), the meme-inspired cryptocurrency, should it break over the top border of a declining parallel channel at $0.00002444. Martinez’s analysis, which is illustrated in a graphic that is linked to this post, shows SHIB’s trajectory that is intended to exceed this significant resistance level.

The market for cryptocurrencies experienced a noticeable upswing today, especially for digital assets based on memes. The entire cryptocurrency market had a notable 5.56% increase in size, reaching a startling $52.94 billion, according to CoinMarketCap statistics. The meme-inspired tokens had a nearly 118% increase in trading volumes, indicating the increased interest and activity in this niche.

Other meme currencies like Dogecoin (DOGE) and Pepe Coin (PEPE) are leading the push alongside SHIB. The upsurge of interest in the cryptocurrency industry and the spike in activity surrounding meme coins are likely due to Keith “Roaring Kitty” Gill’s comeback to prominence.

“Roaring Kitty” is back

Notable for his role in the 2021 GameStop (GME) stock short-squeeze drama, Gill has resurfaced as a major player in financial discourse.

Gill, a former investor and financial counsellor, gained notoriety for his optimistic view on GameStop. His fervent and convincing messages garnered a substantial following within the internet trading community, compelling several ordinary investors to purchase GameStop shares, so establishing a quasi-cult.

Although SHIB is distinct from other meme coins, Martinez’s prediction gives its trajectory newfound hope. If the resistance level is broken, the possible 20% increase would indicate a strong bullish trend for the SHIB community.


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