Updated: Shiba Inu’s price is on the upscale since last weekend. Today a recent analysis has been made by the FxStreet analyst. The On-Chain analysis shows where Shiba Coin is heading towards. According to FxStreet, the Shiba Token is ready for a 60% blow-up. Below is the video for complete technical and On-Chain Analysis.

Source: FxStreet

The meme cryptocurrency, Shiba Inu and DogeCoin are on the verge of rising. As a price hype has been witnessed by CoinMarketCap during the weekend. Respectively, both Shiba and Dogecoin have a market capitalization of more than $2.8 billion and $31 billion. Is this the time for a bullish move?

The cryptocurrencies were going through a huge decline in the past months, including Shiba and Dogecoin. However, a new report suggests that both these coins are now 20% higher than that from the previous month’s value. This means it has gained some exceptional rise in just a week. Despite this, other popular coins like Bitcoin, Ethereum, and Ripple have also witnessed a sudden rise.

Shiba Inu Coin Price Prediction

Currently, Shiba Inu Coin is trading at $0.000007723 at the time of writing. This indicates that the Shiba Inu Token has gained almost 34% of its value since June. Overall, this could be a sign of a bullish trend in the near future.

To reach the All-Time High (ATH), Shiba Token would almost need an 80% rise to hit the ATH value. Whilst, the trend has finally begun, also investors have had a positive site regarding its bullish move.

Dogecoin Price Prediction

Dogecoin once again has experienced a rise in value, the coin is currently trading at $0.25, which is almost higher than the lowest value recorded. Dogecoin has gained almost 18% value during the weekend. According to huge investors, the coin could reach $0.42 by the end of 2021. For this, it will need a 60% rise from the current trading value.

Further predictions suggest that the meme crypto (Dogecoin) is expected to hit $1.21 by the year 2025, while it might hit $3.50 by the year 2030.

Cryptocurrency Total Market Capitalization

According to CoinMarketCap, the total market capitalization has surged to more than $1.77 trillion. The reason is all the coins were witnessed to have a surge in their prices. Bitcoin, which is also trading above $45,000, while other coins like Ethereum and Ripple have also witnessed a surge in their prices.

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Hamza Hayat is an experienced news editor who has spent the last six years at Thewistle.com, specializing in reporting on Stimulus Payments, Direct Payments, and covering significant local news across the United States. With a keen eye for detail and a passion for delivering accurate, timely information, Hamza's work has helped keep readers informed on important economic and financial developments.