Shiba Inu Coin (SHIB) is expected to end 2023 with a gain of approximately 30%, which is in line with Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple (XRP), among many others In comparison to other major cryptocurrencies, they are up 150%, 92%, 940% and 82% respectively.
Shiba Inu Coin (SHIB) is expected to end 2023 with a gain of approximately 30%, which is in line with Bitcoin (BTC), Ethereum (ETH), Compare this to many other major cryptocurrencies such as Solana (SOL) and Ripple (XRP), which are up 150%, 92%, 940% and 82% respectively.
While Shiba Inu Coin has recently been trading at around $0.000010 per coin, relatively weak gains compared to other key areas of the crypto market, its annual gains are roughly on par with Dogecoin (DOGE) , Dogecoin is the world’s largest celebrity currency by market value.
Moreover, Shiba Inu Coin has a market capitalization of over $6 billion, easily maintaining its position as the second-largest celebrity coin. Recent rivals Pepe Coin and the more recent Bonk! cannot maintain their multi-billion dollar status for long. market capitalization position.
So while 2023 is hardly a good year for Dogecoin and Shiba Inucoin, they are still the dominant starcoin market leaders. ”
Some pessimistic investors may believe that Shiba Inucoin and Dogecoin fail to keep up in 2023 The pace of other major cryptocurrencies is indicative of waning confidence and interest in these assets.
But others may view their still lackluster performance as an opportunity to continue accumulating while prices remain at historically favorable levels .
The price of Shiba Inucoin and Dogecoin are still about 1/9 of their all-time high prices.
However, Dogecoin continues to get Tesla CEO, the world’s Backed by one of the richest men, Elon Musk, owner of SpaceX and of utility and launched its Shibarium Layer 2 scaling protocol earlier this year.
Both star coins have large, engaged and loyal communities.
For those who For those with long-term belief in both projects, now is a good time to continue accumulating these coins, as any bull run in SHIB is unlikely to truly begin until SHIB can break out of the key long-term resistance zones at $0.00015 and $0.000018 .
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