Will the price of $SHIB skyrocket after the Bitcoin halving, or will this new multi-chain meme coin surpass it in 2024?

Shiba Inus remain under pressure in the market, especially with the price of Bitcoin falling below $62,000 in anticipation of the halving. This overall market downturn is maintaining downward pressure on cryptocurrency prices.

Nonetheless, 75% of Shiba Inu token holders have maintained their investment for more than a year, demonstrating strong confidence in the token’s long-term growth potential. $SHIB has surged 88% over the past year but is still 75% below its historical highs.

$SHIB price prediction

As of this writing, the price of Shiba Inu is $0.0000219, trading volume over the last 24 hours has reached $553.95 million, and the market capitalization is $12.9 billion. The $SHIB price fell 2.39% over the past day.

Over the past three days, Shiba Inu has seen minimal price movement, suggesting a period of relative inactivity from both buyers and sellers at this price level.

It is expected that the seller will attempt to lower the price back to the $0.000020 level. A violation of this support level could potentially lead to a significant downside, with the next significant support pegged at $0.000017.

Conversely, if the price breaks above the current downtrend line, it is a sign that selling pressure is waning. If this happens, the price of $SHIB could rise to $0.000024, at which point strong resistance from sellers is expected.

Watch the video above for a detailed analysis of Shiba Inu’s price predictions, and subscribe to his YouTube channel for additional cryptocurrency content. Jacob Crypto Bury also runs a Discord channel with 25,000 members where he provides trading advice and insights on upcoming cryptocurrency presales.

Potential Shiba Inu rival with cross-chain functionality

There is widespread speculation surrounding the upcoming Bitcoin halving event, with numerous analysts and investors keenly watching the potential market impact.

Several experts say Bitcoin has maintained a high price since March and appears poised to surpass $73,000 once again, with further upside likely after the halving.

In addition, Dogeverse, a new multi-chain meme coin, is attracting attention with predictions that it may surpass Shiba Inu by 2024.

Dogeverse is known for the world’s pioneering multi-chain dog tokens designed to work on a variety of blockchain networks, including Ethereum, BNB Chain, Polygon, Base, Avalanche, and Solana.

This cross-chain accessibility allows investors to seamlessly utilize Dogeverse regardless of their preferred cryptocurrency ecosystem. The project introduces Cosmo, a chain-hopping Doge character that aims to increase freedom and accessibility within the cryptocurrency space.

$DOGEVERSE leverages some of the leading blockchains to optimize both cost efficiency and transaction speed. The total token supply is 200 billion, of which 30 billion were allocated during the ongoing presale. $DOGEVERSE is currently trading at $0.000297 per token.

🌌 Born from collapsing supernova dust, #Cosmounique #viceroyjump over #blockchain.

Empowering freedom and exploration in the cryptocurrency world. 🚀🎃

As a $DOGEVERSE ambassador, Cosmo inspires unity and creativity, inviting everyone to explore the vast world. #Cryptocurrency universe. 🌐🌟 pic.twitter.com/Foacph4oFs

— DogeVerse (@The_DogeVerse) April 17, 2024

The pre-sale target exceeds the soft cap target of $8.8 million and the hard cap target by $17 million. As a result, investors are eager to get involved early, especially considering the development team’s intention to launch the token on a decentralized exchange (DEX) after the pre-sale.

Following the DEX listing, the token is expected to transition to a centralized exchange (CEX) as part of the project roadmap. Additionally, $DOGEVERSE has an integrated staking protocol that allows token holders to earn rewards by staking their tokens on Ethereum, with a current APY staking ratio of 159%.

However, it is worth noting that this number may decrease as more tokens are staked. With ‘Doge Day’ scheduled for the upcoming April 20th, expectations for this multi-chain meme project are growing even higher.

To stay up to date on the latest updates on the Dogeverse presale, interested individuals are encouraged to follow: X Create an account and join our Telegram channel. To participate in the $DOGEVERSE token presale, visit thedogeverse.com.

Related

Dogeverse – Multichain Meme Coin

• Early access presale is live now.
• Bridge to Solana, base, BNB chain, polygon, avalanche
• Staking Rewards – thedogeverse.com
• Trade with low fees
• World’s first chain travel governor – Cosmo