The post Shiba Inu poised for major bull run, predicts crypto analyst Coach K appeared on BitcoinEthereumNews.com.

A recent survey on social media platform X revealed that Coach K, a cryptocurrency expert and technical analyst based in Bangkok, expects a bright future for Shiba Inu (SHIB). This meme coin is anticipated to begin a major uptrend soon. This forecast comes at a crucial time for SHIB since the market trends currently in force have made investors concerned about further depreciation of the token. Coach K believes Shiba Inu’s experience shows the platform’s past trends, especially those that occurred shortly after its release. In the first half of 2021, the SHIB token registered a massive spike in its price and, therefore, returns. However, after that, the company experienced many fluctuations in its value, often decreasing.  Analysts also highlighted these struggles in the current market for SHIB and referred to The Don of Apes’ analysis, which said that the token might further drop to the $0.00002 level and possibly even $0.00001822. However, with this decline, most investors think this is the right time for long-term investors and stakeholders to buy SHIB tokens at a cheaper price. Looking at the past data of Shiba Inu, it is evident that it also has massive fluctuations followed by sharp drops. A clear instance of this was witnessed at the start of 2021 when the token shot through the roof – from February 24 to March 5, the coin appreciation was 370%, and a new yearly high above $0.000045 was compromised. Subsequently, there was a massive drop in SHIB, but the currency was still higher than the price before the spike. As per the information shared by Coach K, the price of Shiba Inu plummeted by 80%, and it was trading below $0.00000698 after a massive surge in its price, which occurred in 2021 on May 22. This was the start of the…

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Filed under: News - @ June 13, 2024 8:18 pm