The post Shiba Inu Whales Stand Their Ground: ‘RCOF Is the Next Dogecoin’ With a 5,000x Potential appeared on BitcoinEthereumNews.com.

Shiba Inu (SHIB) whales have been looking for other, more promising projects to invest in, and they’ve finally found it. Namely, many Shiba Inu whales have invested in RCO Finance (RCOF), saying that RCOF is the next Dogecoin (DOGE) and can bring in 5,000x ROI by next year! The Shiba Inu Burn Rate Skyrockets, Can SHIB Go to $1? Shiba Inu has been burning SHIB tokens for months to increase SHIB’s value by reducing the supply. The burn strategy hasn’t been working for Shiba Inu thus far, and many SHIB whales have allocated part of their Shiba Inu capital to a new, more promising project. Meanwhile, the Shiba Inu burn rate has been increasing, hitting 7,910% on October 14. With the rate at which the Shiba Inu token burns, many say that SHIB could finally surge in price, potentially reaching $1.  However, this isn’t certain, as the Shiba Inu burns haven’t been working as intended thus far, but there’s still hope for SHIB, especially during the upcoming bull run. Currently, SHIB is trading at $0.00001781, a 29.89% increase from the Shiba Inu price a month ago. If SHIB ever reaches $1, it would mark unforeseen gains for current SHIB holders, but the chances of that happening are slim. Dogecoin Is Being Replaced: What’s Next for DOGE? Experts say that between Shiba Inu and Dogecoin, DOGE is more likely to reach $1, even though the $1 mark is still very far off at the moment. Dogecoin is trading around the $0.1131 mark, a mere 7.98% increase in the past month. The hype around Dogecoin has subsided massively in the past few months, mostly because of the surge of new memecoin launches on Solana and other chains.  However, the Dogecoin community is still bullish on DOGE, hoping that the $1 will come…

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Filed under: News - @ October 19, 2024 3:05 am