Shiba Inu Price Prediction 2024 – When You Can Expect SHIB Price to Hit 4 Cents!

There has been some positive news for Shiba Inu (SHIB) over the last week that has seen a lot of sites report that the meme coin could hit $0.04. However, it should be noted this all comes from a Telegaon forecast that is looking all the way into the 2030s.

Shiba Inu (SHIB) has not been performing well lately, but there are some interesting developments happening in the community. Later on in this piece, we will examine Shiba Inu through a more short-term lens but first, we want to look at some other meme coins that may outperform Shiba Inu in 2024.

• Sponge V2 ($SPONGEV2)
• Meme Kombat ($MK)
• Pikamoon (PIKA) 

The above are three very exciting projects, so let's examine why we think they can outperform the market's second-largest meme coin.

Sponge V2- Version 1 Out Pumped SHIB and Version 2 is Likely to Do the Same

One of the exciting projects of 2024 is actually a regeneration of one of the most successful meme coin projects of 2023. Sponge V2 ($SPONGEV2) is hoping to build on and possibly exceed the great gains that Sponge Token ($SPONGE) made.

One of the more innovative moves from the project is that version 2 isn't going through a presale but rather, they are moving from Sponge Token to Sponge V2 via stake-to-bridge. How this works is fairly straightforward, and it benefits both the project as a whole and the investors.

Before being able to be part of version 2, investors must purchase and stake version 1 tokens until the total allocation is sold out. However, when they do, an equivalent amount of version 2 tokens are also purchased for them and they will be claimable once $SPONGE is all sold out.

The more investors stake, and the longer they stake, of their $SPONGE tokens, the more rewards they will receive when $SPONGEV2 launches. Then, when it does, investors receive staking rewards from their locked V1 tokens over 4 years.

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How Sponge Token laid the foundation for Sponge V2

Let's now look at why investors should want to be part of this second-generation meme coin, and that is because of the success of Sponge Token. More notable, though, is its success despite the conditions it faced when it first launched on Uniswap.

Sponge Token came into our lives soon after the Pepe Coin (PEPE) explosion. However, by then, conditions had turned bearish, and the meme coin launched with little or no publicity. Despite this, it still managed to pump by 340%, gain a significant social media following, and get added to nine other exchanges.

So what version 1 has done is basically lay the foundation for the success of version 2. Another thing to note is in November of last year, the coin added staking to the ecosystem, and it subsequently pumped by 500%. Another sign that shows how well Sponge V2 can do in 2024.

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Meme Kombat- A meme coin combined with a P2E game and dynamic staking means lots of utility

We are very excited by the prospect of Meme Kombat ($MK) and its upcoming launch. We don't seem to be alone in our excitement either, as the presale has now raised over $7.3 million. The final goal of the Meme Kombat is to raise $8 million, so we should be able to try out everything this project has to offer very soon.

There is going to be a lot on the plates for investors of $MK as the project packs a tonne of utility. As with any good new project, they have made sure that staking is an important part of the ecosystem. However, there is a twist as Meme Kombat employs a dynamic staking system.

This means the more popular the token, the better the rewards for investors, as the more $MK that is staked, the more rewards they will receive. Over 30 million tokens have already been staked, and the APY% currently stands at a very generous 128%.

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The exciting P2E game that lets investors win big by wagering

Even more exciting than the staking is the P2E game. Meme Kombat is inspired by one of the most popular combat gaming franchises of all time, Mortal Kombat. The main difference being in this game the fighters are the biggest memes from the last 10 years. 

From Doge to Wojak, they all have their own special attributes, and their movements are super realistic thanks to AI. The technology really takes Meme Kombat to the next level, and it also helps decide the outcome of each fight.

This is important as we get to our favorite aspect of this project: the wagering. As if there weren't enough entertaining elements to the project already, players get to wager on the battles. Bet against the computer and other players, or even side bet on fight events that don't involve direct outcomes.

Considering we have already talked about the dynamic staking system, the wagering part of the ecosystem could allow players to earn a lot of $MK. If they stake this, they can make some huge returns. You can see why we are predicting this will be a big-performing meme coin in 2024.

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Pikamoon- Hoping to capitalize off the success of Meme Kombat 

The Pikamoon (PIKA) presale has now raised over $4.5 million and is hoping to follow a similar route to Meme Kombat. It too is a Meme coin/P2E crossover that takes inspiration from a traditional gaming giant, in this case, its Pokemon.

In Pokemon, you start the game with one of three characters in Pikamoon, you also do this, but you get to mint your own NFT character that will accompany you on your adventures. In Pikamoon, you don't collect badges but instead earn in-game currency by completing tasks. Another P2E game we can't wait to play.

Shiba Inu likely not to hit $0.04 soon

As we can see from the last 30-day performance of Shiba Inu (SHIB), things are looking very red. The meme coin has lost over 15% of its value in the above time period, so it is hard to be optimistic about its price even if Telegaon is predicting big gains in the next decade.

The Shiba Inu ecosystem is always trying, at least. There is progress around a '.shib' domain being launched soon that, according to D3, will allow investors to have a .shib email address and will be the first crypto to seamlessly link Web 2.0 with Web 3.0. Despite this, we still think it is best to look elsewhere for meme coin returns in 2024.

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Conclusion

So, to finish up, we are not buying the Shiba Inu forecast that has it hitting 4 cents. Of course, next decade, things could be different, but for now, we want meme coins that will give us returns in 2024. Sponge V2 and Meme Kombat are the perfect candidates for this.