Different opinions continue to emerge regarding SHIB, Ripple, DOGE and BTC predictions. In these views, bullish predictions are especially noteworthy. Let’s look at the predictions.
An important indicator for SHIB price has arrived
Shiba Inu SHIB burn rate has increased by over 7,400% in the last 24 hours. This led to the removal of more than 369 million SHIBs from circulation. The purpose of the burn program is to reduce the overall supply of the token. Thus increasing its scarcity and value. On the other hand, the coin’s price increased by 12% weekly.
An important factor playing a role in the rise is the overall bullish sentiment of the crypto industry. On the other hand, the further growth of Layer-2 scaling solution Shibarium clearly supports the price increase. Shibarium officially became operational at the end of August. It quickly attracted the attention of the community. As we reported as Kriptokoin.com, total transactions in Shibarium exceeded 3.5 million. Additionally, the total number of blocks exceeded 1.3 million. These factors support SHIB price increase
BTC, XRP and DOGE prediction from analysts
The predictions were not limited to SHIB only. Accordingly, Analyst Josh Olszewicz makes an important prediction for Bitcoin. Bitcoin (BTC) recently reached a 17-month high of $35,000. The analyst is looking at Bitcoin’s price until the end of 2023 based on bullish indicators. According to the analyst, Bitcoin will reach approximately $38,000. But before it rises, there will be a pullback. Accordingly, he predicts that Bitcoin may drop to $31,000 first.
Just as there are predictions for SHIB, there are also predictions for Ripple’s XRP. Accordingly, there is a significant growth expectation for XRP. Expressing this expectation is the analyst Dark Defender. The analyst states that XRP will rise to $1.30 next year. The analyst’s peak prediction is $6. In the short term, analysts expect levels of $0.66.
Expectations for Memecoin DOGE
The bullish price prediction made by AngeloBTC for Dogecoin (DOGE) attracts attention. There is a $1 target for DOGE, a meme coin like SHIB. However, analyst Angelo points out that the road is a little longer for BTC DOGE. $0.7 must be crossed for the all-time high to reach $1.
As you may remember, during the bull period in 2021, Dogecoin made significant increases. Accordingly, the token then moved towards the 1 dollar level by deleting the zeros next to it. On the other hand, a similar scenario awaits cryptocurrency enthusiasts for SHIB. Let’s see what fruits the next bull season will bear.
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