Will $SHIB’s Price Surge After the Bitcoin Halving, or Will This New Multi-Chain Meme Coin Outperform It in 2024?

Shiba Inu remains under pressure in the market, particularly as Bitcoin’s price fell below $62,000 in anticipation of its halving event. This overall market slump is maintaining downward pressure on cryptocurrency prices.

Nevertheless, 75% of Shiba Inu token holders have maintained their investments for more than a year, demonstrating a robust confidence in the token’s potential for long-term growth. Although $SHIB has surged 88% over the past year, it is still 75% below its historical peak.

$SHIB Price Prediction

As of this writing, the price of Shiba Inu stands at $0.0000219, with a trading volume over the last 24 hours reaching $553.95 million and a market capitalization of $12.9 billion. The price of $SHIB has seen a decrease of 2.39% during the past day.

Over the last three days, Shiba Inu has shown minimal price fluctuations, suggesting a period of relative inactivity from both buyers and sellers at these price levels.

There is an expectation that sellers might attempt to push the price down to the $0.000020 mark again. A breach of this support level could potentially lead to a significant drop, with the next substantial support pegged at $0.000017.

Conversely, if the price surpasses the current downtrend line, it would signal a weakening of selling pressure. Should this occur, $SHIB’s price could climb to $0.000024, at which point strong resistance is anticipated from sellers.

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

A Potential Shiba Inu Rival with Cross-Chain Capabilities

Widespread speculation surrounds the upcoming Bitcoin halving event, with numerous analysts and investors keenly observing its potential market impacts.

Several experts have observed that Bitcoin has maintained high prices since March and appears ready to once again surpass the $73,000 mark, with potential for additional increases after the halving.

At the same time, the new multi-chain meme coin, Dogeverse, is capturing attention with predictions that it could outperform Shiba Inu in 2024.

Dogeverse is distinguished as the world’s pioneering multi-chain dog token, designed to operate across various blockchain networks, including Ethereum, BNB Chain, Polygon, Base, Avalanche, and Solana.

This cross-chain accessibility ensures that investors can seamlessly utilize Dogeverse, irrespective of their preferred crypto ecosystem. The project introduces Cosmo, a chain-hopping Doge character, aiming to enhance freedom and accessibility within the crypto space.

By leveraging some of the leading blockchains, $DOGEVERSE optimizes both cost efficiency and transaction speed. With a total token supply of 200 billion, of which 30 billion are allocated during the ongoing presale, $DOGEVERSE currently trades at $0.000297 per token.

🌌 Born from a collapsing supernova's dust, #Cosmo, a unique #DOGE, leaps across #Blockchains.

Embodying freedom and exploration in the crypto-verse. 🚀💫

As the $DOGEVERSE ambassador, Cosmo beckons unity and creativity, inviting all to explore the vast #Crypto universe. 🌐🌟 pic.twitter.com/Foacph4oFs

— DogeVerse (@The_DogeVerse) April 17, 2024

The presale aims for a soft cap target of $8.8 million and a hard cap target exceeding $17 million. Consequently, investors are eager to participate early, especially considering the development team’s intention to launch the token on decentralized exchanges (DEXs) post-presale.

Following DEX listings, the token is anticipated to transition to centralized exchanges (CEXs) as part of the project’s roadmap. Moreover, $DOGEVERSE incorporates a staking protocol enabling token holders to earn rewards by staking their tokens on Ethereum, with staking APYs currently at 159%.

However, it’s worth noting that this figure may decrease as more tokens are staked. With the upcoming ‘Doge Day’ scheduled for April 20th, heightened anticipation surrounds this multi-chain meme project.

For the latest updates on the Dogeverse presale, interested individuals are encouraged to follow their X account and join their Telegram channel. To take part in the $DOGEVERSE token presale visit thedogeverse.com.

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