Shiba Inu Price Prediction: SHIB Surges 14% Over Time To Buy This Meme Coin Held By Tron Founder Justin Sun.

adminJanuary 12, 2024

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Shiba Inu prices have surged 14% in the last 24 hours. $0.00001038 As of 9 AM EST.

Javon Marks called it a pump a few days ago while addressing his $32.7K followers on X. He said SHIB has broken out of a year-long resistance structure, leading to the current pump. Javon predicted that the pump could boost SHIB by as much as 750%.

$SHIB (#Shiba)’s price is breaking away from a resistance structure that has persisted for more than a year according to this technical setup, which could suggest that a trend change is coming or is actually taking place!
Once these prices break out, the trend change could be upwards of 750%… https://t.co/WsZyQ1LzaX pic.twitter.com/ldjWMCYLNF
— JAVON⚡️MARKS (@JavonTM1) January 8, 2024

Shiba Inu Price Prediction: Will SHIB Continue to Grow?

A deeper analysis of the 1-hour SHIB/USD chart shows that the bulls appear to be in control of the meme coin. The 50-day moving average crossed the 200-day moving average, forming a golden cross. This means buying pressure on the token as bulls try to keep pumping.

The Awesome Oscillator (AO) is also moving in the green histogram, suggesting a strong bullish trend for the Shiba Inu price. This is supported by the Average Directional Index (ADX). The ADX indicator is moving north, suggesting a bullish trend for meme coins.

SHIB 1 day chart | Source: TradingView

Meanwhile, with Shiba Inu prices soaring, Sponge V2 is making waves in the meme coin market. The pre-sale has already raised $4 million in staking and bridge tokens to date, which means Top Presales in 2024.

Shiba Inu Price Prediction: Is SPONGE V2 a Better Choice?

Sponge V2 is a relaunch of the original Sponge token, which debuted last year with 100x pumps.

There is a unique process to achieve it. Buy and stake Sponge V1 via the purchase widget on the Sponge.vip website or stake Sponge V1 via the Sponge.vip website.

A notable innovation of V2 is the play-to-earn game feature that allows holders to accumulate more SPONGEV2. Players earn tokens based on their ranking in the fascinating racing and fighting game. This is one of the reasons why it is considered one of the best products. game token purchase.

Justin Sun’s Strategic Investment

Tron creator Justin Sun is investing in meme coins, including SPONGE. His wallet movements indicate significant interest in the token’s potential.

#PeckShieldAlert Address 0x9FCc… 19Fe (Suspicious #justin sun Related) 6,166 people were withdrawn. $ETH (worth approximately $13.8 million) #Binance pic.twitter.com/8jGbcwRvzg
— PeckShieldAlert (@PeckShieldAlert) December 26, 2023

Last year, Justin Sun expressed deep interest in MEM Coin and announced his intention to invest.

I decided to actively trade meme coins and promising projects through public addresses. Any losses that may arise from these transactions will be personally borne by me, and all profits generated will be donated to charity.
— HE Justin Sun Sun Yuchen (@justinsuntron) May 11, 2023

Sun holds $100,000 worth of SPONGE. wallet The total value is $595 million. Observers speculate that even a small portion of Sun’s wealth could influence Sponge’s entry into the market.

According to YouTube cryptocurrency analyst Jacob Bury, $SPONGE has the potential to explode upon launch.

With Shiba Inu prices already rebounding, those who missed out on the pump can benefit from Sponge V2 pre-sales. However, since it will be listed soon, you need to prepare your token quickly.

Visit Sponge V2 here..