Shiba Inu Price Prediction: SHIB Plunges 12% In A Week As Investors Turn To This New Meme Coin Star With 100X Potential

Updated: 08 January 2024

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The Shiba Inu price has plunged by 12% in the last seven days to trade at $0.00000885 as of midnight EST.

Shiba Inu Price Prediction

Looking at in-depth analysis of 1-hour SHIB/USD charts, the 200-period moving average has exceeded the 50-period moving average to form a death cross. This shows selling pressure on the token as it plunges.

However, looking at other indicators, the Shiba Inu price’s future trajectory could be bullish. The Relative Strength Index indicator has now regained its northern trajectory as it exits the oversold region, showing building bullish momentum. The MACD indicator is also reverting towards the green zone showing fading bearishness as the meme coin heads towards a pump in the short term.

The Shiba Inu price is currently volatile as shown by the Bollinger Bands which are currently diverging. This can be attributed to increasing trading activities that have seen SHIB’s trading volume jump by 49% in the last 24 hours.

SHIB 1-hour chart | Source: TradingView

Meanwhile, as the Shiba Inu price plunges, Meme Kombat’s MK token is emerging as another great meme coin alternative as more investors are getting on board the project daily.

The MK presale has so far garnered $6.3 million out of the targeted $6.5 million. This shows immense investor confidence in the project and it ranks among the top picks for 2024.

Shiba Inu Price Prediction: Does MK Have More Upside?

Meme Kombat is designed exclusively for gamers and the community surrounding the MK token is experiencing unprecedented growth, boasting a membership of over 15.5K on X (formerly Twitter) and exceeding 7,000 on Telegram.

These numbers underscore the widespread confidence in the project’s concept and its inherent potential.

The Meme Kombat Telegram Group is now 7000 meme-bers strong💪

With that said, please make sure you stay safe. There is only one official group⚔️ pic.twitter.com/IetN6JxKRs

— Meme Kombat (@Meme_Kombat) January 5, 2024

Token Acquisition

Prospective investors can acquire Meme Kombat tokens (MK) on the official website at a cost of $0.279 each. With the operational dashboard in place, token holders can now engage in staking activities. Approximately three-quarters of the MK token supply is currently staked, opening doors for holders to anticipate substantial annual dividends of 149%.

📣 Major Update 📣

The Meme Kombat Staking Dashboard is officially live and ready to be used by you!

Take a break from Kombat and visit the staking dashboard here: https://t.co/nNFEYESjPs pic.twitter.com/yswl0esb4G

— Meme Kombat (@Meme_Kombat) November 9, 2023

Act quickly to purchase MK tokens in the presale, initiating immediate APY gains without the need to await gaming events.

Cryptocurrency experts on YouTube have lauded Meme Kombat as a lucrative investment prospect. Michael Wrubel, with a subsciber base exceeding 310K, believes the meme coin could see a 100-fold surge.

While the Shiba Inu price plunges, Meme Kombat’s MK could be the best meme coin alternative as it takes the gaming arena by storm.

Visit Meme Kombat here.