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One of these three coins could be the next Shiba Inu (SHIB)
Shiba Inu is iconic for many reasons. For example, SHIB was one of the few tokens that kickstarted the meme coin culture in the cryptocurrency space. Known as the OG cryptocurrency, the Shiba Inu ecosystem has seen remarkable growth and continues to inspire other tokens to replicate its success. However, with the recent price drop of SHIB, questions surrounding its price decline and the failure of the shib burning mechanism to stabilize its price have started to creep into the space. In this vein, here are the three crypto tokens that are capable of becoming the next Shiba Inu.
Read also: Shiba Inu: SHIB Value Could Surge 120% To $0.00003695, Here’s When?
3 Coins That Could Be The Next Shiba Inu (SHIB)
#1- DISGUSTING
Meme coin culture has seen a dramatic shift this year. The market has seen an explosion of new meme coins, with the Solana chain at the center of it all. BONK is also a notable meme on Solana, which has gotten a lot of attention lately due to its recent price trajectory.
The token could be the next Shiba Inu mainly due to the amount of consumer interest the token is hosting and sustaining at the moment. According to CoinMarketcap, BONK has seen a remarkable increase of 24077%, currently trading at $0.00002649.
Monetary code adds that the token could increase by 220% this August, easily surpassing the Shiba Inu in terms of value metrics.
“According to our current Bonk price forecast, Bonk price is forecasted to rise by 226.76% and reach $0.00008444 by August 30, 2024. According to our technical indicators, the current sentiment is bearish while Fear & Greed Index is showing 61 (Greed). Bonk has recorded 14/30 (47%) green days with price volatility of 10.94% in the last 30 days.”
#2- Pepper
Pepe is another leading crypto token that has attracted considerable attention in the market. The token was the highlight of the latest GME stock spike. Pepe significantly bet on the latest GME stock spike and ended up gaining nearly 90% in price this May.
At the same time, look for inspiration from Shiba Inu, mainly on elements related to hype and community interest. Pepe boasts a widespread hype environment that has always played a key role in determining its future price. The token is currently trading at $0.00001148 with prospects of a nearly 228% increase this month.
“According to our current Pepper Coin Price Prediction, Pepe Coin price is expected to rise by 228.58% and reach $0.00003692 by August 29, 2024. According to our technical indicators, the current sentiment is Neutral while Fear & Greed Index is showing 67 (Greed). Pepe Coin has recorded 14/30 (47%) green days with price volatility of 13.10% in the last 30 days.”
#3- HatDogWife
DogWifHat or WIF is another coin that can easily replicate the gigantic success that SHIB has met in 2021. WIF also includes all the elements that Shib once boasted when the token was at its peak.
For example, WIF has strong community support, represents a great use case to work with, and at the same time is built on the SOL blockchain, which continues to attract significant attention and momentum in the market.
Second Monetary codeWIF could surge by 220% this August, which, again, is enough to become the next big thing in the crypto world.
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“According to our current Dogwifhat price prediction, Dogwifhat price is forecasted to rise by 227.63% and reach $7.50 by August 29, 2024. According to our technical indicators, the current sentiment is bearish while Fear & Greed Index is showing 67 (Greed). Dogwifhat has recorded 16/30 (53%) green days with price volatility of 17.78% in the last 30 days.”