Shiba Inu is iconic for many reasons. For instance, SHIB was one of the few tokens that started the meme coin culture in the cryptocurrency space. Known as the OG cryptocurrency, the Shiba Inu Ecosystem has seen considerable expansion and continues to inspire other tokens to replicate its success. However, with SHIB’s recent price drop, questions related to its price fall, and the shib burn mechanism failure to stabilize its price have started to crawl over the space. In this wake, here are the three crypto tokens that are capable of becoming the next Shiba Inu.
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3 Coins That Can Be The Next Shiba Inu (SHIB)
Source: WatcherGuru
#1- BONK
The meme coin culture saw a drastic change this year. The market noted a burst of new meme coins, with the Solana chain being the center of it all. BONK is also a notable meme on Solana, which has lately been gaining immense attention due to its recent price trajectories.
The token could be the next Shiba Inu primarily due to the amount of consumer interest that the token harbors and sustains at the moment. Per CoinMarketcap, BONK has surged a remarkable 24077% currently trading at $0.00002649.
CoinCodex adds how the token may surge 220% this August, easily taking over Shiba Inu in value-related metrics.
“According to our current Bonk price prediction, the price of Bonk is predicted to rise by 226.76% and reach $ 0.00008444 by August 30, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 61 (Greed). Bonk recorded 14/30 (47%) green days with 10.94% price volatility over the last 30 days.”
#2- Pepe
Pepe is another leading crypto token that has been grabbing significant market attention. The token was the main highlight of the latest GME stock surge. Pepe notably banked on the latest GME stock spike and ended up gaining nearly 90% in terms of its prices this May.
At the same time, it seeks inspiration from Shiba Inu, primarily on elements related to hype and community interest. Pepe boasts a widespread hype centric environment which has always played an essential role in determining its future price. The token is currently trading at $ 0.00001148 with prospects of it surging nearly 228% this month.
“According to our current Pepe Coin price prediction, the price of Pepe Coin is predicted to rise by 228.58% and reach $ 0.00003692 by August 29, 2024. Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 67 (Greed). Pepe Coin recorded 14/30 (47%) green days with 13.10% price volatility over the last 30 days.”
#3- DogWifHat
DogWifHat or WIF is another coin that can easily replicate the gigantic success that SHIB encountered in the year 2021. WIF also comprises all elements that shib once boasted when the token was in its utmost prime.
For instance, WIF harbours strong community support, a stellar use case to work with, and at the same time is based on SOL Blockchain which continues to draw considerable market attention and momentum.
According to CoinCodex, WIF may surge by 220% this August, which again, is enough to become the next big thing in the world of cryptocurrencies.
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“According to our current Dogwifhat price prediction, the price of Dogwifhat is predicted to rise by 227.63% and reach $ 7.50 by August 29, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 67 (Greed). Dogwifhat recorded 16/30 (53%) green days with 17.78% price volatility over the last 30 days.”