{"id":470678,"date":"2024-01-08T12:51:02","date_gmt":"2024-01-08T12:51:02","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=470678"},"modified":"2024-01-08T12:51:02","modified_gmt":"2024-01-08T12:51:02","slug":"shiba-inu-price-prediction-shib-plunges-12-in-a-week-as-investors-turn-to-this-new-meme-coin-star-with-100x-potential","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/shiba-inu-price-prediction-shib-plunges-12-in-a-week-as-investors-turn-to-this-new-meme-coin-star-with-100x-potential","title":{"rendered":"Shiba Inu Price Prediction: SHIB Plunges 12% In A Week As Investors Turn To This New Meme Coin Star With 100X Potential"},"content":{"rendered":"

The Shiba Inu price has plunged by 12% in the last seven days to trade at <\/span>$0.00000885<\/span><\/a> as of midnight EST. <\/span><\/p>\n

Shiba Inu Price Prediction<\/span><\/h2>\n

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.<\/span><\/p>\n

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. <\/span><\/p>\n

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.<\/span><\/p>\n

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SHIB 1-hour chart | Source: TradingView<\/a><\/p>\n

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. <\/span><\/p>\n

The <\/span>MK presale<\/span><\/a> 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 <\/span>top picks for 2024<\/span><\/a>.<\/span><\/p>\n

Shiba Inu Price Prediction: Does MK Have More Upside?<\/span><\/h2>\n

Meme Kombat is designed exclusively for gamers and th<\/span>e 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. <\/span><\/p>\n

These numbers underscore the widespread confidence in the project’s concept and its inherent potential.<\/span><\/p>\n

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The Meme Kombat Telegram Group is now 7000 meme-bers strong💪<\/p>\n

With that said, please make sure you stay safe. There is only one official group⚔️ pic.twitter.com\/IetN6JxKRs<\/a><\/p>\n

— Meme Kombat (@Meme_Kombat) January 5, 2024<\/a><\/p><\/blockquote>\n