Is it Too Late to Invest in Shiba Inu? SHIB Price Analysis and Three Notable Meme Coins to Monitor 

Shiba Inu has been on a dramatic price movement since the start of June, indicating the gains, fluctuations, and losses of the crypto in the short term.

As of June 1, 2023, Shiba Inu’s token (SHIB) was valued at $0.000008555 and in the space of 6 days (June 6), the token declined to $0.000007994.

SHIB’s rally efforts were depicted on June 7, when it increased to $0.000008179 before the price declined further to $0.000006867 by June 11.

Since then, SHIB has been within the $0.000006 level, recording $0.000006678 on June 12, $0.000006555 on June 15, and $0.000006972 in June 18.

However, by June 19, the crypto rekindled a bullish trend, recording new prices, $0.000007216 on June 19, $0.000007224 on June 20, and $0.000007274.

Today, June 23, 2023, Shiba Inu’s market price is up by 5.92% at the time of writing, representing its price at $0.000007819. Considering its past and present price action, SHIB could see potential price growth amid fluctuations in the coming days to weeks.

Shiba Inu Price Outlook Based on Technical Indicators

The technical indicators on Tradingview are showing both bullish and bearish signals for Shiba Inu in the short and long periods. 

The Moving Average Convergence/Divergence (MACD) indicator for SHIB is above the signal line, indicating the bullish momentum of the crypto today. Also, the green bar on the histogram shows the possibility of SHIB trading at new prices before the end of the day.

In contrast, the crypto is trading below its 50-Day and 200-Day Simple Moving Averages (SMA), representing a short and long-term bearish market for SHIB.

Also, considering the price weakness depicted on the inverted SMA indicator, SHIB could face price consolidations, stagnating within the $0.000007 level for a longer period. Notwithstanding, the Relative Strength Index (RSI) is at 53.40, representing a neutral market position for the Shiba Inu’s token, SHIB.

The RSI is between the oversold (below 30) and overbought (above 70), with a slight horizontal movement that indicates an increasing number of buyers in SHIB’s market.

If the BUY trades surpass the SELL trades, the RSI could go overbought (above 70), causing SHIB’s market price to skyrocket. Reaching the overbought level could trigger a trend reversal on the chart in the future.

Irrespective of the bullish signals for Shiba Inu on several technical indicators, it’s vital to have adequate risk management approaches and carry out a more in-depth analysis before making any investments.

Three Notable Meme Coins to Monitor – WSM, DLANCE, and YPRED

Besides SHIB, three notable meme coins, Wall Street Memes (WSM), DeeLance (DLANCE), and yPredict (YPRED), are projecting high price potential in the crypto space. 

Wall Street Memes (WSM)

Wall Street Memes is one of the top potential game-changers that have raised millions in just a few months. The project is taking the cryptocurrency world by storm with its idea that ordinary meme coins can produce substantial returns.

The project launched its presale on May 26, 2023, and has captivated investors early, accumulating a whopping $4 million in a short period.

WSM feeds on the electrifying subculture designed in the Wallstreetbets subreddit, which sold out over $2.5 million in 2021 in just 32 minutes.

This new project aims to “tokenize” the Wall Street Memes community by launching the WSM, an ERC-20 token that enables holders to gain a monetary benefit from the community’s expansion.

According to the project’s whitepaper, the team behind Wall Street Memes aims to transform the financial markets through humor, unity, and meme strength by using the Wall Street Memes brand.

The community has grown to over 1.1 million members (degens) because of this mission and is set to gain more members in the long run.

Till now, the Wall Street Memes project is still offering its WSM tokens in presale, having reached stage 30. Interested investors can buy as many WSM tokens as they can at $0.0301 before the price increases to $0.0304.

So far, the WSM presale has raised an incredible $9.8 million showing the high level of interest from investors towards the project.

Also, given that popular YouTuber Michael Wrubel published a video explaining how WSM “could make you rich.” As such, it is obvious that the project is starting to acquire traction in mainstream crypto circles.

The Wall Street Memes Airdrop is now active, giving out $50,000 $WSM among 5 lucky participants that will perform the outlined tasks on the platform. This means 1 winner is entitled to $10,000 worth of $WSM token.

To be eligible for the Airdrop, participants must complete tasks, follow WSM on social media, purchase $WSM, and provide documentation proving the purchase of these tokens.

While the presale is still ongoing, with the tokens selling out fast, investors should still keep an eye on Wall Street Memes social handles for announcements about the time to claim their tokens, as well as the launch details for the tokens.

DeeLance (DLANCE)

DeeLance is a crypto platform that utilizes the capacity of Web3 technology to help recruiters connect with freelancers. The project aims to restructure the remote working experience by building an ecosystem that consists of a job-hiring place.

Also, DeeLance project teams solidified the ecosystem by building an innovative NFT marketplace and a Revolutionary Metaverse. All these will help facilitate recruitment and freelancing processes and ensure a flawless user experience in the ecosystem.

Notably, the DeeLance project team created a utility token ($DLANCE) which will be used on the DeeLance platform to encourage activities within the ecosystem.

DeeLance converts digital works recruiters purchase from freelancers into NFTs, automatically giving them ownership. The NFTs include music, virtual worlds, trading cards, photography, and tickets. Users can trade, showcase, or collect these on the platform.

Furthermore, the DeeLance ecosystem has the following features: business simplification, ownership grants, transparency, low fees, staffing, a fast payment system, and escrow. The ecosystem also has an escrow feature that ensures safe transactions between recruiters and freelancers. 

DeeLance holds funds for recruiters secured in the escrow account and only transfers it to freelancers whenever a contract is completed based on the agreement.

Since the DeeLance presale started, the project has witnessed enormous success, with investors’ interest increasing significantly. Notably, on March 31, Yahoo! Finance reported that $DLANCE raised $27 000 in just 24 hours after its presale started. 

On May 23, 2023, DeeLance, via its Twitter handle, announced that it had raised $1 million in a few weeks. And on June 8, 2023, DeeLance further showed that it had hit over $1.3 million on its Twitter handle and on June 19, 2023, it hit $1,369,722.588.

Today, June 23, 2023, the project stands at $1,396,382.818 at $0.038. It is approaching the benchmark of $1.7 million for its presale as of the time of writing.

YPredict (YPRED)

The YPredict project is a pioneering trading platform that offers investors and crypto lovers access to many AI-powered crypto analysis devices. $YPRED, the world’s first token empowering AI ecosystem, is precisely built for traders, developers, analysts, and quants.

The brand-new project combines AI and machine learning technology to offer its users real-time trading signals for better decisions. Also, investors benefit from its auto indications that are easy to use. 

To save time and ensure the best trading methods, the platform automatically chooses the best indicators based on past performance yPredict is powered by Polygon, which helps in boosting investors’ trust and efficiency. 

The project’s backlink estimator predicts backlink counts, data-driven decisions, and authority metrics accurately. With the help of the backlink estimator, yPredict stays ahead of competitors.  

The trading platform offers exclusive features such as transactional data analysis and automated chart pattern recognition for stocks and crypto.

yPredict aims to revolutionize the method crypto traders and enthusiasts understand data. Additionally, its data on market sentiment, chart patterns, and crypto price trends are always useful.

Currently, the project is in its 8th stage presale. Investors are seizing the opportunity to elevate the trading game and maximize their investments. Since the yPredict presale started, the project has witnessed massive success, with investors’ interest increasing significantly.

Notably, on May 24, 2023, $YPRED raised $1,655,000 million and entered its 6th presale stage. Also, its token price rose from 0.07 to 0.09. 

The project has breezed past the $2. 5 million mark for $0.09 in its ongoing presale. The demand is increasing, with 20,000+ members available on the site.

Given that popular British crypto start-up/presale YouTuber Jacob crypto bury believes that the yPredict is a ‘low market cap gem’, the project is starting to acquire traction in crypto circles.

Investors must be vigilant not to miss out before the presale runs out, given the rate at which yPredict’s $YPRED coin continues to fly off the shelves.