Shiba Inu price expected to surge 800% in March – massive rebound on the SHIB price horizon
Dogecoin’s beloved rival, Shiba Inu, is excited! Lucie, a marketing expert for the Shiba Inu ecosystem, just dropped some interesting hints hinting at a potential surge. Could this be the start of another epic rally for SHIB?
Buckle up, jump in, and find out!
Historically speaking, if an 800% surge is possible.
Shiba Inu (SHIB) is leading the memecoin rally, with its price surging a whopping 52%. This surge shook the cryptocurrency market in an unexpected move, with burn rates increasing by a whopping 30,000% in just 24 hours. Shiba Inu expert Lucie predicts an 800% price surge, similar to the 2021 bull market in which $SHIB surged 800% in a week without any damage.
Whale activity and burn rates soar fuel SHIB rally
Based on historical data and recent price movements, there are expectations of a potential 800% rally for SHIB. Data from Lookonchain shows significant whale events, including the massive sale of $6.07 million worth of PEPE tokens followed by the acquisition of 75.9 billion SHIB tokens worth $893,000. Meanwhile, SHIB’s surge in burn rate resulted in the loss of 3.75 million tokens, turning attention to emerging meme coins. This surge brings the total tokens burned to approximately 410.7 trillion SHIB, significantly reducing the circulating supply to 581.65 billion coins.
MEME party time
As observed by on-chain data providers, Shiba Inu has joined the party in the ongoing memecoin rally alongside Dogecoin, Bonk, Floki, and Pepe. st tly. These fluctuations in social dominance are pivotal in predicting peak moments as the week progresses, suggesting a possible surge in memecoin value. Dogecoin (DOGE) maintained its rally with another 18% gain, breaking the $0.15 mark. Likewise, Solana-based Dogwifhat (WIF) has seen a stunning 35% surge in the past 24 hours, extending its weekly rally to 311%.
overall market sentiment
The broader cryptocurrency market is riding the wave of the memecoin rally, with strong undercurrents indicating bullish sentiment. The surge of Shiba Inu, along with other memecoins such as Dogecoin and Dogwifhat, highlights the growing influence of meme currencies in the cryptocurrency space. Meanwhile, Shiba Inu’s $0.00002 advance faces a hurdle of $0.000014, with traders eagerly watching for a breakout.
A rise in RSI means more upside, especially if it reaches overbought levels and triggers a buying frenzy. MACD indicates continued momentum and, along with recent buy signals, fuels optimism. But the roller coaster burn rate, which spikes one day and disappears the next, adds to uncertainty despite a recent 63% decline.
As the week progresses, all eyes are on the memecoin market, anticipating further price surges and potential highs.