Shiba Inu Investors Jump to New Dog-Based Meme Coin – Could It Be the Next $1 Hit?
Shiba Inu (SHIB) has long been a favorite among meme coin investors. Despite a recent dip that sent its price below the $0.000017 support level, SHIB has entered a buy zone, presenting a unique and time-sensitive opportunity for investors.
According to crypto analyst SHIB Knight, the token’s current price level is ripe for investment, with key support levels around $0.00001760 and $0.00001766. If bulls can defend these levels, SHIB could see a major price rise.
$SHIB is on buy zone at weekly chart. Bulls should defend this zone for uptrend. pic.twitter.com/yrYtZTPud6
— $SHIB KNIGHT (@army_shiba) June 26, 2024
July has historically been a promising month for Shiba Inu investors. In 2023 and 2022, SHIB experienced gains of 11.8% and 13.4%, respectively. Despite its volatility, past performance suggests July could be a favorable time for SHIB investors again.
Analysts are optimistic, with SHIB predictions suggesting a potential surge to $0.00003825, representing a 121% increase from current levels. Long-term projections are cautious, however, predicting a possible decline in July.
As Shiba Inu investors look for new opportunities, a promising contender has emerged: Base Dawgz, a Shiba Inu-inspired meme coin on the Base Chain.
Base Dawgz is the first dog-based meme coin on the Base Chain that will be multi-chain and interact with networks such as Solana, Ethereum, Binance Smart Chain (BSC), and Avalanche.
Base Dawgz ($DAWGZ) stands out in the crowded meme coin market due to several key features that collectively enhance its potential for success.
First and foremost, its multi-chain integration offers seamless interoperability across Solana, Ethereum, Binance Smart Chain (BSC), and Avalanche. The feature boosts
Read more on cryptonews.com
