As a seasoned crypto analyst with a decade of experience under my belt, I have to admit that Javon Marks’ prediction for Shiba Inu reaching its ATH by November is quite intriguing. While historical data suggests otherwise, the current bullish momentum and the potential impact of the upcoming presidential election could indeed turn the tables.
According to crypto expert Javon Marks, he’s outlined a projected timeline showing when the Shiba Inu token could potentially regain its previous peak value of $0.00008. This prediction is based on his belief that the meme currency could experience a significant price increase exceeding 350%.
Analyst Reveals When Shiba Inu Price Will Reach ATH
Marks revealed in an X post that the Shiba Inu price could reach its current ATH by November. The analyst mentioned that the Shiba Inu continues to maintain its breakout, and with more bull patterns spotted, the next leg of “immense bullishness” may be unfolding. He added that with larger breakouts still indicating $0.000081 as a target, a price surge of over 351% could occur, sending the top meme coin to this price level, and that it may occur at a “significant speed.”
The chart he provided indicates that there could be a significant surge in the price of SHIB in November, potentially exceeding 350%. This prediction is intriguing given that November hasn’t traditionally been a prosperous month for SHIB, which is the second-largest meme coin by market capitalization. Interestingly, SHIB experienced monthly losses of 29.6% and 24.8% in November 2021 and 2022 respectively, while only recording a modest 6% price increase in November 2023 according to Cryptorank data.
In a surprising turn of events, if Shiba Inu’s price were to reach another all-time high by November, it would buck historical trends. Notably, crypto expert Oscar Ramos is optimistic about Shiba Inu, predicting a substantial 100% surge. This potential increase could lead Shiba Inu back towards its current peak value.
Why November Is Looking Good For The Meme Coin
Upcoming month may witness a surge in the cryptocurrency market, potentially boosting Shiba Inu’s price. The November 5 presidential election is approaching, and its outcome could bring clarity to the market which is beneficial for cryptos. Furthermore, current polls indicate pro-crypto candidate Donald Trump leading, a scenario that might propel crypto prices significantly higher if he ends up winning the elections.
The positive stance of Shiba Inu is further strengthened by the team’s relentless work, potentially leading to increased acceptance of SHIB. Notably, the team has unveiled an innovative strategy for enhancing the Shiboshis Non-Fungible Token (NFT) collection within the Shibarium network.
As a crypto investor, I’m excited about this move as it could significantly boost the number of daily transactions on the Shibarium network. This increase could have a positive effect on the price of Shiba Inu tokens. Here’s why: A surge in transactions on Shibarium leads to more SHIB being burned, making the meme coin more valuable over time due to reduced supply.
Currently, as I’m typing, the value of Shiba Inu is approximately 0.00001719 dollars per coin, marking an increase in the last 24 hours. The trading volume has significantly grown by more than 77%, with a total of $269 million worth of trades occurring during this timeframe.
Read More
- FIS PREDICTION. FIS cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- Tips For Running A Gothic Horror Campaign In D&D
- EUR CAD PREDICTION
- XRP PREDICTION. XRP cryptocurrency
- Luma Island: All Mountain Offering Crystal Locations
- DCU: Who is Jason Momoa’s Lobo?
- OSRS: Best Tasks to Block
- EUR ARS PREDICTION
- INR RUB PREDICTION
2024-10-28 21:14