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- Analyst Davie Satoshi has identified Shiba Inu as a standout cryptocurrency poised for substantial growth, potentially surging by up to 3,000% during the current bullish cycle.
- His optimistic outlook is supported by historical data, showcasing SHIB’s remarkable performance, including gains exceeding 800,000% post-Bitcoin’s last halving of 2020.
Dogecoin (DOGE) competitor Shiba Inu (SHIB) has been recently showing a good amount of market activity gaining nearly % in the last 24 hours. As of press time, the Shiba Inu price is trading at $0.0000236 with its market cap reaching closer to $14 billion.
Renowned analyst Davie Satoshi has suggested that Shiba Inu stands out as a leading contender among cryptocurrencies poised to surge by up to 3,000% during this bullish cycle. Expressing his views on meme coins with lasting power in the crypto landscape, Davie emphasized Shiba Inu’s potential for substantial returns without facing the risk of total loss.
With the current price of $0.00002251, Davie’s projection implies a surge of 1,000% to 3,000%, potentially driving Shiba Inu’s value to a range between $0.0002251 and $0.0006753 within the next year. These forecasts would mark new highs for Shiba Inu, surpassing its peak in 2021 of $0.00008845.
While Davie did not elaborate on the factors behind his confidence in SHIB’s exponential growth and resilience against significant losses, historical data lends credibility to his optimism. Shiba Inu’s performance following Bitcoin’s last halving was extraordinary, delivering gains exceeding 800,000%, particularly impressive when measured from SHIB’s all-time low.
Other market analysts are also giving high price target for Shiba Inu. As reported by Crypto News Flash, Shiba Inu’s marketing specialist Lucie stated that she expects the SHIB price to run up at least by 10x from here.
Shiba Inu Payments Expanding to Nike, Airbnb
Exciting news emerges as CoinGate, a Lithuania-based fintech firm, announces the integration of SHIB support for Polygon and Binance Smart Chain (BSC), paving the way for SHIB payments in everyday transactions.
This strategic move not only strengthens SHIB’s position in the market but also expands its practical utility, granting SHIB holders access to major brands like Airbnb and Nike. As a cryptocurrency payment gateway, CoinGate acts as a vital link between digital currencies and traditional businesses, facilitating the acceptance of cryptocurrencies as payment for goods and services.
With the addition of SHIB support on Polygon and Binance Smart Chain, CoinGate not only enhances accessibility but also unlocks numerous opportunities for SHIB holders to engage in real-world transactions.
In their announcement on the X platform CoinGate stated: “We have added SHIB support for Polygon and Binance Smart Chain. Shibarmy, use your SHIB to book Airbnb, grab the latest games from Steam & PS5, refresh your wardrobe with Nike & Zalando and more”.
Now, SHIB holders can utilize their assets to access a wide range of offerings from global giants such as Airbnb, Nike, Zalando, Steam, and PS5. This includes booking accommodations, buying apparel, acquiring the latest games, and indulging in various other products and services.
