Social Media Influencers and Traders Are Accumulating Shiba Inu, Predicting a Significant Price Increase

Influential social media users and traders are accumulating Shiba Inu, which they see as having strong market potential and whose price is predicted to rise significantly by technical models. Key factors that could trigger an increase in SHIB's price include an increase in token burn rate, advancements in its Shibarium Layer 2 solution, and a decrease in the supply of tokens on exchanges. Despite the rapid rise in the price of Shiba Inu (SHIB) on the annual scale, some analysts still believe that Shiba Inu still represents a good buying opportunity. One such individual is X-user Del Crxpto, who has nearly 100,000 followers and has admitted to accumulating a large amount of Meme coins, claiming that he knows "what's going to happen in the future". Another prominent trader who recently placed a purchase order on Shiba Inu is Ali Martinez, who claims that the asset's price trajectory is "forming a bull flag" on the daily chart, which raises hopes for a 300% price increase. Gagain also offered bullish predictions. The former predicted a triple-digit price rise, while the latter insisted that "downplaying" Shiba Inu "would be a major mistake."