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COINTURK NEWS > Cryptocurrency News > Trader Predicts Significant Rise for Shiba Inu Coin
Cryptocurrency News

Trader Predicts Significant Rise for Shiba Inu Coin

In Brief

  • Trader Bluntz predicts a major rise for Shiba Inu Coin (SHIB).

  • He believes WIF could also experience significant price increases.

  • Both coins show potential for notable gains according to market trends.

İlayda Peker
İlayda Peker 5 months ago
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A well-known trader is recognized for making accurate altcoin predictions at the right time and has indicated that Shiba Inu (SHIB), a competitor to Dogecoin $0.238812 (DOGE), stands on the verge of a significant parabolic rise.

Contents
Anticipated Increase for SHIBTrader’s Predictions and Analysis

Anticipated Increase for SHIB

Anonymous analyst Bluntz announced on the social media platform X that SHIBA Coin is preparing for a vertical increase. Bluntz shared a chart suggesting that SHIB’s price could replicate its movements from early 2024.

He stated that while SHIB is in a strong upward trend, it has not yet experienced a parabolic breakout. According to Bluntz, the SHIB/BTC pair is showing accumulation at a low level, indicating that SHIB could rise rapidly. He also shared positive expectations for the Solana $182-based memecoin called dogwifhat (WIF).

Trader’s Predictions and Analysis

Bluntz claims that WIF is in the early stages of a five-wave upward trend and could reach double-digit values. He said, “$10 for WIF Coin is inevitable.”

Bluntz applies the Elliott Wave Theory, which posits that an ascending asset will experience a five-wave increase before completing an impulsive upward movement. He predicts that WIF could rise to $12.

Currently, SHIB trades at $0.0000266, while WIF is valued at $2.81. Bluntz’s analyses indicate that both memecoins hold significant potential for substantial gains.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 11 December, 2024 - 4:44 am 11 December, 2024 - 4:44 am
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