For the past couple of days, Shiba saw heavy sell pressure by whales in the attempt to buy back in at a lower price, to shake out late retail, and to liquidate over-leverage traders.
Over the past 12-24 hours, the bulls came back in full force re-obtaining bias + sentiment and bouncing precisely off the 4-hourly 200DEA.
Most importantly, price action is looking extremely bullish right now.
Since the crash of over 50%, I have accumulated over $5m worth of Shiba. I have been in Shiba since week 1 of its release. I have sold a lot of my stack as I paper-handed in the early days, but quickly realized I was massively mistaken. Since about 6 months ago I have been buying and accumulating Shiba and never once sold since.
I am projecting Shiba to 10x by the end of this year. Usually, Shiba would 10x over a couple of days, but I think this time it may take about a month to come to fruition.
A 10x from here would mean Shiba's market cap would be $302.5 billion making it the third-largest crypto in the world. I am confident Shiba has the potential to not only reach this level but also become the first meme coin to surpass $1t MCAP by the end of this bull cycle early next year.
The reason why I think Shiba can surpass $1t MCAP is because of its community. Social tokens are on a rapid rise and Shiba is a golden example of that. You may have coins with more utility, but as investors in crypto, utility only matters if you're investing for decades+. You want to weed out the scams and find coins that have a spectacular marketing team + plan.
Best of luck to all Shiba holders!
$0.01 coming soon.
Best,
Matthew Park
Over the past 12-24 hours, the bulls came back in full force re-obtaining bias + sentiment and bouncing precisely off the 4-hourly 200DEA.
Most importantly, price action is looking extremely bullish right now.
Since the crash of over 50%, I have accumulated over $5m worth of Shiba. I have been in Shiba since week 1 of its release. I have sold a lot of my stack as I paper-handed in the early days, but quickly realized I was massively mistaken. Since about 6 months ago I have been buying and accumulating Shiba and never once sold since.
I am projecting Shiba to 10x by the end of this year. Usually, Shiba would 10x over a couple of days, but I think this time it may take about a month to come to fruition.
A 10x from here would mean Shiba's market cap would be $302.5 billion making it the third-largest crypto in the world. I am confident Shiba has the potential to not only reach this level but also become the first meme coin to surpass $1t MCAP by the end of this bull cycle early next year.
The reason why I think Shiba can surpass $1t MCAP is because of its community. Social tokens are on a rapid rise and Shiba is a golden example of that. You may have coins with more utility, but as investors in crypto, utility only matters if you're investing for decades+. You want to weed out the scams and find coins that have a spectacular marketing team + plan.
Best of luck to all Shiba holders!
$0.01 coming soon.
Best,
Matthew Park