Bitcoin halving often creates great upside opportunities for altcoins and all crypto assets in general. Memecoins, including DOGE, are taking advantage of this same period to make impressive gains. However, it is important to know what the future holds, especially with this ever-changing market. Let’s find out the predictions of Shiba Inu and BONK Coin.
Crypto – Memecoins explode after Bitcoin Halving!
Since the last Bitcoin halving, Shiba Inu is one of the crypto assets that stands out for its gain. Indeed, in the space of 24 hours, its trading volume reached the staggering sum of $1.193 billion. As a direct result, the price of SHIB increased by 2.23%, now trading at 0.000024 USD.
This outbreak is no coincidence according to experts. Indeed, they predict that the SHIB rally could well continue in the days to come. Some do not even rule out the possibility of a new all-time high for this crypto by the end of this month.
The forecast for Bonk
Shiba Inu is not the only memecoin to benefit from this favorable dynamic. Bonk Coin (BONK), is also experiencing a spectacular resurgence in form. Boosted by the wind of optimism blowing through the crypto market, this token with a humorous image also saw its price soar by more than 8%.
Analysts expect BONK to close above the psychological threshold of $0.00002210. Thus, nothing could prevent it from targeting the levels of 0.00002507 USD, or even 0.00002948 USD in the short term.
A likely trigger for significant increases
Many experts agree that memecoins' recent gains could well herald a widespread bullish wave. When these crypto assets start to gain height, it reflects an increased appetite for risk on the part of investors. A trend which generally has the effect of attracting capital towards altcoins, considered more speculative than Bitcoin or Ethereum.
Let us remember that if this analysis is confirmed, the summer of 2024 could hold some nice surprises for crypto holders. Shiba Inu, Bonk and all memecoins would then only be the precursors of a much broader and lasting movement.
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