Krutika Adani
Crypto analysts indicate that Shiba Inu could reach 300% above current levels if the alt season gets strong enough.
Memecoins have been the largest gainer this bull season and are expected to make further gains as the alt season progresses ahead.
Strong on-chain data, a new governance model based on DAO, and the high burn rates are some top factors supporting Shiba Inu’s growth.
The global geopolitical scenario with tensions in Europe and the Middle East could prevent Shiba Inu’s growth in the short term.
Shiba Inu must cross $0.00002 before it resumes its 2024 gains. On the downside, $0.000013 remains a strong support.