As the bull market fervor catches on, memecoins have again started seeing traction from users. One among them is Shiba Inu. Shiba Inu is among the oldest memecoins, except for Musk-sponsored DogeCoin.
Despite being a memecoin, Shiba Inu has gathered a dedicated community and boasts of a thriving ecosystem. Shiba Inu’s ecosystem has grown and expanded to includeCEX ShibaSwap and Shibarium launch.
The Shiba Inu token (SHIB) is finding new use cases and utility with these recent initiatives and is gaining adoption and value. The ecosystem has also managed to grab a few partnerships and endorsements from known names.
The price performance of the Shiba Inu coin has been impressive so far. The coin has gained impressively and investors are closely monitoring how Shiba Inu price will perform as Bitcoin price spikes further and the crypto market cap reaches new levels.
In this article we focus on Shiba Inu’s price predictions and whether the memecoin looks ready to meet those. For those looking to diversify or looking for better alternatives, we have an even better option. But more on that later.
Shiba Inu Price Prediction and PerformanceÂ
Shiba Inu price has been successful in breaking above the $0.0001 level. Shiba Inu coin is trading at $0.000013 price after an decrease of 4.38%. It saw an weekly increase of 39%. However, right now the coin has only managed to keep above the $0.000009 support level. Its RSI is also neutral and MACD level shows a sell signal.
Shiba Inu’s 30-day EMA (exponential moving average) and 30-day (Simple Moving Average) also show a sell signal. $0.0000145 and $0.0000168 price are forming the next fibonacci resistance.
Experts predict a 300% rally for Shiba Inu price this bull season but that seems unlikely for a memecoin still finding use cases. A much better and innovative alternative to Shiba Inu would be one of the fastest-emerging Layer-1 blockchains, BItgert. Let’s discuss more.
Will Bitgert be a better alternative to Shiba Inu
Bitgert is a layer-1 blockchain that offers one of the fastest transaction execution and zero gas fees. Unlike regular L1s, Bitgert posits itself as an diverse ecosystem with multifaceted projects and protocols being built over it.
Being a mid-cap coin, BRISE, its native coin can be a great investment for investors looking ot diversify their portfolio and seeking better ROI. The BRISE coin has been performing extremely well in terms of price performance. Its soon to be launched CEX app will be another feather in its hat.
Bitgert also has a full fledged economy led by the BRISE token, P2P exchange, CEX, payment gateway and more. Its coveted list of partners include ChainList, Coinhub, Defillama, DEXtools, Guardian, etc.
ConclusionÂ
Shiba Inu has started gathering steam. However, as the Bitgert ecosystem and community gather and BRISE attains more adoption, there would be no stopping the coin to reach another price ATH and give exponential returns to investors.
To learn more about Bitgert coin, visit – https://bitgert.com
