This prediction by Pentoshi, a notorious crypto analyst followed by 673,400 followers on Twitter, did not go unnoticed at the ShibArmy level. Indeed, after the announcement of the release of the beta version of Shibarium, the memecoin seems to have regained some color. There is also talk at the moment of a 100% upside against Dogecoin, with the SHIB/DOGE pair being the benchmark for this statistic.
Shiba Inu (SHIB), an imminent bullish rally?
The advent of the Shibarium in the coming months, coupled with the announcement of the imminent release of its beta version, is a delight for the Shiba Inu community. In their eyes, the SHIB will explode once this step is taken. Now, for the team behind the Dogekiller, the Shiba Inu Layer 2 upgrade isn’t meant for the price hike.
This one is a mix of TA and FA.
TA: It’s an empty space if he can break over here.
But this month they are launching Shibarium and its own ecosystem. The hype is expected to intensify in the coming weeks. »
While waiting to find out who is right and who is not, Daily Hodl reported, yesterday February 5, a prediction of Pentoshi for the SHIB. According to this crypto strategist, the hype surrounding this memecoin will intensify in the coming weeks. The reason is that there will be an increase in the price of SHIB during this period.
At the time of writing, the SHIB is trading at $0.00001446. This represents a decrease of 4.5% compared to its evolution over the last 24 hours, but an increase of 70.9% in one month.
A 100% rebound from Dogecoin (DOGE)
After last November’s FTX storm, SHIB saw its value plummet to $0.00000993. Same story for the DOGE, except that three months later, the situation has completely changed.
Thus, on February 4, Cointelegraph, which had looked at the case of the two memecoins, found an increase of almost 100% compared to Dogecoin. Analysts also believe that the announcement of the launch of Shibarium for February 14 has something to do with it.
Until now, the 1 penny SHIB remains a difficult dream to achieve, but maintained by the Shiba Inu community. Since he has 4 zeros left to eliminate, why not focus on concrete objectives, given that more and more economic actors see in him prospects for a better future?.
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