SHIB Could Finally Surpass Dogecoin Market Cap? Insiders Bet On Viral $0.005 Coin
The post SHIB Could Finally Surpass Dogecoin Market Cap? Insiders Bet On Viral $0.005 Coin appeared on BitcoinEthereumNews.com. Shiba Inu (SHIB) could be setting up for another major move, with analysts watching a key pattern that’s played out before. While SHIB and Dogecoin continue to battle it out, a low-profile AI coin is starting to get attention for very different reasons. SHIB Price Primed for a 503% Breakout, Analyst Says According to expert analyst Javon Marks, the SHIB price is at a critical juncture. He notes that SHIB is ready for a long-term price reversal, having spotted an inverse head and shoulders pattern on the charts. In an updated tweet, he notes that the pattern remains intact and suggests that this could pave the way for a 503% rally. If this happens, he says, the first price target will be $0.000081. Chart courtesy of Javon Marks on X The current SHIB price is $0.00001316, while the current market cap is $7.75B. If Javon’s bullish price prediction comes true, then Shiba Inu’s market cap would be around $39B, putting it substantially above Dogecoin’s market cap, which is currently around $29B. But how likely is this to happen? DOGE vs SHIB – Can Shiba Inu Flip Dogecoin Market Cap? Before we can make a call on whether SHIB’s market cap can overtake the Dogecoin market cap, let’s take a look at functionality, narrative, and history. History – Although Dogecoin is the older and bigger coin, Shiba Inu did previously flip the Dogecoin market cap, in 2021, reaching $39B – the same figure as in Mark’s prediction. However, the pump was short-lived, and Dogecoin soon regained its crown. The Shiba Inu Market Cap over time – Tradingview Narrative – Dogecoin has the first mover advantage, but it also has some disadvantages as well. Unlike SHIB, Dogecoin has an unlimited supply, just like fiat. Shiba Inu, on the other hand, is capped,…
The post SHIB Could Finally Surpass Dogecoin Market Cap? Insiders Bet On Viral $0.005 Coin appeared on BitcoinEthereumNews.com.
Shiba Inu (SHIB) could be setting up for another major move, with analysts watching a key pattern that’s played out before. While SHIB and Dogecoin continue to battle it out, a low-profile AI coin is starting to get attention for very different reasons. SHIB Price Primed for a 503% Breakout, Analyst Says According to expert analyst Javon Marks, the SHIB price is at a critical juncture. He notes that SHIB is ready for a long-term price reversal, having spotted an inverse head and shoulders pattern on the charts. In an updated tweet, he notes that the pattern remains intact and suggests that this could pave the way for a 503% rally. If this happens, he says, the first price target will be $0.000081. Chart courtesy of Javon Marks on X The current SHIB price is $0.00001316, while the current market cap is $7.75B. If Javon’s bullish price prediction comes true, then Shiba Inu’s market cap would be around $39B, putting it substantially above Dogecoin’s market cap, which is currently around $29B. But how likely is this to happen? DOGE vs SHIB – Can Shiba Inu Flip Dogecoin Market Cap? Before we can make a call on whether SHIB’s market cap can overtake the Dogecoin market cap, let’s take a look at functionality, narrative, and history. History – Although Dogecoin is the older and bigger coin, Shiba Inu did previously flip the Dogecoin market cap, in 2021, reaching $39B – the same figure as in Mark’s prediction. However, the pump was short-lived, and Dogecoin soon regained its crown. The Shiba Inu Market Cap over time – Tradingview Narrative – Dogecoin has the first mover advantage, but it also has some disadvantages as well. Unlike SHIB, Dogecoin has an unlimited supply, just like fiat. Shiba Inu, on the other hand, is capped,…
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