Shiba Inu, Pepe Pump 8%, Which Meme Coins Are Next - Trader Price Predictions
Shiba Inu and Pepe are both up 8% in the past 24 hours, outperforming the wider crypto market which is slightly in the red after news broke yesterday of the SEC delaying its decision on the Ark Bitcoin ETF.
Some prominent analysts have noted that ten to twelve months prior to the last Bitcoin halving, BTC dominance peaked and altcoin dominance bottomed. If that pattern repeats, it may be a good time to scale into altcoins.
The next Bitcoin halving is approximately eight or nine months away, estimated to take place in April or May 2024. If an 'altcoin season' is around the corner, meme coins may be some of the best cryptos to watch as they tend to pump the hardest.
Altstreet Bets is expecting the Shiba Inu price to 'go much higher', having already entered a position when SHIB swept its 2022 lows and quickly reclaimed the 2023 yearly open.
CryptoGodJohn tweeted today that the Shibarium being set to finally launch is a 'potential catalyst for $SHIB' continuing to lead the market.
Cantering Clark (now The Flow Horse) posted: 'Looks like someone is building a long position further in $SHIB, which is also about to be narrative driven. Up more'.
Shiba Inu is currently the most trending cryptocurrency on CoinMarketCap.
The Birb Nest trader QBS posted prior to Pepe's latest rally that he thinks '$PEPE will run hard'.
Rekt_Tekashi also tweeted 'send the frog', showing the increase in buying volume on the high-timeframe Pepe price chart.
One of the most followed crypto Twitter accounts, KALEO, posted that '$PEPE looks ready to initiate full send'. He's also made bullish Dogecoin price predictions this week.
Pepe is currently the 2nd most trending cryptocurrency on CoinMarketCap, and also the #2 hot pair on DEXTools.
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