BMClogo

tl;Dr.

  • Despite the downward trend, Shib caught the attention of crypto analysts and even NBA legend Scottie Pippen and predicted signs of 40% rallies and classic trend reversals.
  • Chief developer Shytoshi Kusama teased multiple upcoming announcements, which exacerbated the perception that July could be a success period for Meme Coin.

Next potential target

Shiba Inu (Shib) experienced a substantial revival on several occasions last year, but the current transactions are well below these peaks. As of this writing, the self-proclaimed Dogecoin killer is worth about $0.00001136, meaning a 33% drop in size each year.

Nevertheless, it remains the subject of bullish price forecasts. Earlier today (July 2), X user Dami-Defi believed Shib “bounced key day-to-day support and broke the local downtrend”. Analyst describe This is the “classic reversal setting”, envisioning a 40% high to $0.00001600. X User Pump Alpha is expected to explode in the short term:

It is worth noting that NBA legend Scottie Pippen also included his name as an optimist. Recently, he asked his more than 700,000 followers on X, who are bullish in addition to Bitcoin (BTC), and he said his options include Shib, XRP, Ada, Doge and other well-known AltCoins.

This is not Pippen’s interest in assets that are different from BTC. He claims that in May, Altcoin season is “here” and shifts its attention to Shib, XRP, ETH, SOL, ADA and more.

Calmness before the storm?

Important The element that may trigger price increases is the potential partnership of the project’s possible ink In the near future or groundbreaking disclosures involving its ecosystem.

Earlier this week, Shytoshi Kusama explain On x The community should be prepared For “all announcements, releases and discussions around everything we have built so far and where we see the future.”

Some people who commented on the post think it is a positive signal that it can be very successful in meme coins. However, only time can tell whether this will happen.

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