Shiba Inu Price Prediction - SHIB Rockets 17% as Meme Coins Boom, Buy Tamadoge as Well

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Shiba Inu, a popular clone of Dogecoin that managed to surpass the original memecoin last year, is once again seeing growth. The token skyrocketed by 17% earlier today, October 29th, potentially for several reasons. In fact, most of the memecoins have surged this week, likely due to Elon Musk’s recent completion of the Twitter purchase.

SHIB leads the memecoins’ rise to the moon

It is no secret that Dogecoin is Elon Musk’s favorite cryptocurrency. The billionaire entrepreneur and new Twitter owner said so himself multiple times, and each tweet that mentioned DOGE or memecoins, in general, typically sent their prices to the moon. Musk has always been the most vocal on Twitter, and now that he officially purchased the platform and “moved in,” all with a sink in his hand to symbolize the done deal, the memecoins are once again skyrocketing.

Shiba Inu went up by 17% in less than 24 hours, and it saw even greater growth over the course of the week, going from $0.000009938 on October 25th to $0.00001255 earlier today. Right now, it is seeing a slight correction that took it down to $0.00001255, although many assume that the surge will continue fairly quickly.

SHIB tweeted a mysterious teaser

Another thing that brought attention to Shiba Inu recently is a mysterious teaser that the project posted on Twitter earlier today. Its official Twitter handle simply tweeted, “Shib is ____,” allowing the community to fill in the blank and say what the token means to them.

Shib is ___________ pic.twitter.com/TiOnYWjsS1

— Shib (@Shibtoken) October 28, 2022

Some of the responses were definitely expected, such as “Doge Killer,” “hope,” “future,” and alike, but there were also many who used the opportunity to inquire about the long-expected layer-2 upgrade, Shibarium. The developers responded that the upgrade is still in the works, and that there is currently no way to tell when it might be out.

It is also worth noting that the teaser comes soon after a similar teaser posted earlier this week, when the project tweeted, “Ryoshi is ____.” Ryoshi is the name of Shiba Inu’s mysterious creator, who is walking in the footsteps of Satoshi Nakamoto, the creator of Bitcoin. Apart from keeping his real identity a secret, Ryoshi has also removed all social media and stopped posting completely, going off the radar, seemingly permanently.

Where is SHIB price going?

As mentioned earlier, SHIB’s price has made some major moves over the last few days, but it has been making an upswing for weeks. Its RSI was signaling a bullish movement, although now, many expect a strong correction to take place. Not only is the RSI indicating this, but the sudden surge that was caused artificially due to the boom that all meme coins are participating in, usually does get followed by an equally strong correction that comes as soon as the hype passes.

On a 1Y chart, it is clear that SHIB is still far away from its ATH, which came last November, and while this price surge was undoubtedly used by some investors to secure small gains, the market is still in the bear territory, and experts believe that the time to cash out is still some ways away.

What else is there to buy?

If SHIB still feels unsafe to buy, there are alternatives for willing investors. One of the best options right now is Tamadoge — a gateway token to the Tamaverse. This is a metaverse game that allows users to mint, breed, and battle their own Tamadoge pets. It allows everyone to mint the doges they want to, and it lets you train them and use them to climb to the top of the leaderboard each month. On top of that, players also get P2E opportunities, which is what has drawn many to the project already.

Alternatively, there is a Dash 2 Trade platform and its D2T token. The platform was created to provide crypto traders with the tools necessary for making educated decisions, including trading signals, social analytics, predictions, and alike. The project already has a community that numbers 70,000 members, and it is in the middle of a presale where each D2T token can be purchased for 0.05 USDT. So far, the project has raised over $3.1 million out of its $5.1 million goal, and at the time of writing, only 39.8 million D2T tokens remains.

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