Will the price of $SHIB rise after the Bitcoin halving, or will this new multi-chain Meme coin surpass it in 2024?

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Shiba Inu remains under pressure in the market, particularly as the price of bitcoin fell below $62,000 in anticipation of its halving event. This overall market decline maintains downward pressure on cryptocurrency prices.

However, 75% of Shiba Inu token holders have held onto their investments for over a year, demonstrating strong confidence in the token's long-term growth potential. Although $SHIB has risen 88% over the past year, it is still 75% below its all-time peak.

$SHIB price prediction

At the time of writing, the price of Shiba Inu stands at $0.0000219, with trading volume in the last 24 hours reaching $553.95 million and a market capitalization of $12.9 thousand. millions of dollars. $SHIB price saw a 2.39% decline over the past day.

Over the past three days, Shiba Inu has shown minimal price fluctuations, suggesting a period of relative inactivity from both buyers and sellers at these price levels.

There is an expectation that the sellers will try to bring the price down to the $0.000020 mark again. A break of this support level could potentially lead to a significant decline, with the next substantial support set at $0.000017.

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On the contrary, if the price breaks above the current downtrend line, it would indicate a weakening of the selling pressure. If this happens, the price of $SHIB could rise to $0.000024, at which point strong resistance from sellers is anticipated.

For a detailed analysis of Shiba Inu price predictions, watch the video above and subscribe to their Youtube channel for additional crypto content. Jacob crypto Bury also runs a Discord channel with 25,000 members where he provides trading tips and information on upcoming cryptocurrency pre-sales.

A potential Shiba Inu rival with cross-chain capabilities

Widespread speculation surrounds the upcoming bitcoin halving event, with numerous analysts and investors closely watching its potential impacts on the market.

Several experts have noted that bitcoin has maintained high prices since March and appears poised to once again surpass the $73,000 mark, with potential for further increases after the halving.

At the same time, the new multi-chain meme coin, Dogeverse, is gaining attention with predictions that it could surpass Shiba Inu by 2024.

Dogeverse distinguishes itself as the world's pioneering multi-chain dog token, designed to operate on multiple blockchain networks including ethereum, BNB Chain, Polygon, Base, Avalanche and Solana.

This cross-chain accessibility ensures that investors can seamlessly use Dogeverse regardless of their preferred crypto ecosystem. The project features Cosmo, a chain-hopping Doge character, with the goal of improving freedom and accessibility within the crypto space.

By leveraging some of the leading blockchains, $DOGEVERSE optimizes both profitability and transaction speed. With a total token supply of 200 billion, of which 30 billion are allocated during the ongoing pre-sale, $DOGEVERSE is currently trading at $0.000297 per token.

Born from the dust of a collapsing supernova, twitter.com/hashtag/Cosmo?src=hash&ref_src=twsrc%5Etfw”>#cosmossingle twitter.com/hashtag/DOGE?src=hash&ref_src=twsrc%5Etfw”>#DOGEjump through twitter.com/hashtag/Blockchains?src=hash&ref_src=twsrc%5Etfw”>#blockchains.

Embodying freedom and exploration in the cryptoverse.

As an ambassador of $DOGEVERSE, Cosmo attracts unity and creativity, inviting everyone to explore the vast twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto universe. pic.twitter.com/Foacph4oFs

– DogeVerse (@The_DogeVerse) twitter.com/The_DogeVerse/status/1780642457534804012?ref_src=twsrc%5Etfw”>April 17, 2024

The pre-sale targets a soft cap target of $8.8 million and a hard cap target of over $17 million. Consequently, investors are eager to participate early, especially considering the development team's intention to launch the token on decentralized exchanges (DEX) after the pre-sale.

Following DEX listings, the token is expected to transition to centralized exchanges (CEX) as part of the project's roadmap. Additionally, $DOGEVERSE incorporates a staking protocol that allows token holders to earn rewards by staking their tokens on ethereum, with a staking APY currently at 159%.

However, it is worth noting that this figure may decrease as more tokens are staked. With the next 'Doge Day' scheduled for April 20, increased anticipation surrounds this multi-chain meme project.

For the latest updates on the Dogeverse pre-sale, interested parties are encouraged to follow their twitter.com/The_DogeVerse”>x account and join your telegram channel. To participate in the pre-sale of the $DOGEVERSE token, visit thedogeverse.com.

Dogeverse – Multichain Meme Coin