Shiba Inu is preparing for a 50% breakthrough

A popular cryptocurrency analyst known as Kevin predicts a significant increase in the rate of the Shiba Inu meme coin SHIB $0.00001916 Shiba Inu 0.84% Market capitalization $11.29 billion VOL. 24 hours $0.11 billion . According to him, the coin could rise by 50% in the near future if the current positive sentiment in the market persists.

The analyst notes that the latest technical indicators of Shiba Inu indicate possible growth. The coin is in the accumulation zone, which can create prerequisites for an «explosive» rise. Kevin believes that the current market conditions and the activity of the community around SHIB can be a catalyst for increasing its value.

The key factor for this forecast is the positive sentiment among investors, which is supported by the overall recovery of the cryptocurrency market. At the same time, interest in SHIB is growing, in particular due to active support from the community and the emergence of new projects based on the meme token.

However, experts warn that investing in meme cryptocurrencies, such as Shiba Inu, involves high risks. Despite optimistic forecasts, the digital asset market is still unstable, and sharp fluctuations are possible. That is why investors are advised to carefully weigh the possible risks.

According to the analytical tracker CoinMarketCap, today, October 21, SHIB is showing an increase of almost 1.5% with a market capitalization of $ 11.23 billion. Traders made daily trading deals worth $ 318.95 million.