Shiba Inu Price Prediction: Can It Recover with $100 Million Trading Volume? Find Out Now!

It's 2024 and crypto is on the up. Shiba Inu has surpassed $100 million in trading volume and technical indicators look bullish. However, the percentage gains aren't as impressive as other cryptos. We investigate and take a look at a new coin in presale that has already surpassed Shiba Inu and is poised to grow by around 8000%

Where to now for Shiba Inu's Price?

The last few months have been exciting for crypto, and the market is growing stronger as we approach the Bitcoin Spot ETF filings. Bitcoin reached new heights of $45k today, but where does this leave the people's favorite memecoin?

Like Bitcoin and many other cryptos, Shiba Inu is currently up on all the charts – hourly, daily, weekly, monthly, and yearly. The $100 million 24-hour trading volume is a key metric for Shiba Inu, which has now soared past that and is currently around $131 million.

Therefore, the majority of technical indicators are suggesting a buy, as we see from the chart from Trading View.

So the future looks promising for Shiba Inu, which recently shed another zero, and has maintained that level and continued to rise.

Should you buy Shiba Inu now?

If the crypto market keeps going up, then according to the data above, Shiba Inu is likely to keep going up. Also, Shiba Inu is doing a lot of development, working on their Layer 2 blockchain the Shibarium, its ezine, and many more things. 

But – there's an issue. In the last year, it is up by around 31% and 28% over the last month. These figures should give us pause. 

Because while it's likely that Shiba Inu will continue to grow if the market stays bullish, 28% pales in comparison to memecoins Bonk and CorgiAI.  These coins are up in the last month by 201% and 189% respectively. 

So which memecoin could be next to outperform Shiba Inu?

One plan could be to buy into these coins (SHIB, BONK and CORGIAI) and hope they keep rising. But that's a risky strategy for coins that have already gone up so much recently.

Another strategy would be to turn to an exciting presale project that still has most of its upside to come, and is guaranteed to rise for the next few months. And for that, analysts are eyeing MGLS – Meme Moguls.

This is a memecoin and a play-to-earn memecoin game. It's a bit like the Memecoin of Memes. 

Why? Because the game is a mixture of a crypto fantasy trading game and a place where meme lovers can come together and share alpha. Players can win MGLS as well as Meme NFTs, such as moguls like Elon Musk or Warren Buffet. They can also win (and sell) other meme-based assets, and these help players gain an advantage in fantasy league trading and tournaments.

There are many ways to earn within the ecosystem, but for now, we are focused on the MGLS token. Currently, in stage four of the presale, MGLS is worth $0.0027. The coin will continue to rise until the presale ends. Seasoned crypto forecasters are predicting a rise to $0.19 after the launch, especially in the current bullish conditions. 

That's a gain of 7500% from today's price and 8000% since the presale began. That's exciting in itself. But there's more! Those who get involved in the game and community are likely to be among the first to learn about the next MGLS, SHIB, BONK, CORGIAI, or other mooning memecoin. Being early is key!

For more information about the Meme Moguls (MGLS) Presale: 

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