The cryptocurrency market is currently volatile. After its recent carnage, the number of assets increased, and the demand for meme coins was also not immune.
Shiba Inu’s Potential Surge
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Many meme coins experienced a sharp decline. As of the time of writing, Shiba Inu [SHIB] was trading at $0.00001381, which increased by about 3% on the last day. However, it should be mentioned that over the past few days, SHIB has decreased by more than 15%.
Current Holder Sentiment
Despite this, 45.32% of Shiba Inu holders now hold tokens at a discount to the going market price, meaning they are “in the money.”
As a result, many successful holders indicate a high degree of confidence in the asset. This may support them even though they may be reluctant to liquidate their holdings.
Future Predictions
![telegaon SHIB price prediction 2040](https://watcher.guru/news/wp-content/uploads/2024/08/image-70.png.webp)
According to Telegaon, the meme coin will experience a 100,000% surge as its price hits the much-awaited $0.01 milestone in 2040. Following this, the percentage of SHIB holders in profit will greatly rise.
Also Read: Shiba Inu: How To Make $1 Million If SHIB Reclaims $0.000086?
Looking at Bitcoin’s 420% Rise
The world’s largest cryptocurrency, Bitcoin (BTC), recorded severe trouble as it dipped from over $60,000 to a low of $50,000. This crash was touted as one of the worst since 2022. Nevertheless, the king coin is on its recovery journey.
Current Market Status
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BTC was trading 1.2% higher at $56,666 at the time of writing. Metaplanet’s announcement of a $69.13 million Bitcoin investment and on-chain statistics showing institutional investors hold firm despite recent falls support the recovery surge.
Also Read: Bitcoin: Who Is Buying The Dip?
Future Predictions
While several look forward to seeing Bitcoin reclaim its all-time high of $73,750, others are making bigger bets.
![coincodex BTC 2030 price prediction](https://watcher.guru/news/wp-content/uploads/2024/08/image-71.png.webp)
The cryptocurrency market is highly uncertain, but CoinCodex revealed that BTC will experience a surge of more than 400%. They believe BTC will rise by over 420% to a high of $ 298,140 in 2030.