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Cryptocurrency News Articles
Shiba Inu Identified as a Money-Making Coin to Buy for This Bull Market by Crypto Educator Rafaela Rigo
Jun 14, 2024 at 05:53 pm
The trader issued this bold claim in an update on X, pinpointing 15 crypto assets she believes can deliver commendable profit for investors.
Crypto educator Rafaela Rigo has highlighted several promising cryptocurrencies for investors to consider in this bull market, including Shiba Inu (SHIB).
In an update on X, the trader identified 15 crypto assets that she believes can deliver good profits for investors. The list includes both emerging crypto projects and established players like Dogecoin (DOGE), SHIB, Hedera (HBAR), and Near Protocol.
Highlighting these tokens at crucial support levels, where accumulation is advised, Rigo expressed confidence that Shiba Inu and other listed assets could hit a cycle peak by February 25.
According to the market watcher, crucial support levels are for accumulation, and investors should set their low bids. She anticipates the peak around Feb 25 and requests viewers to like and share if they enjoy these gems.
This latest call to buy SHIB comes as the cryptocurrency is up over 0.6% in the last 24 hours, trading at an average price of $0.00002165. However, the world’s second-largest meme coin has seen better days, with a price that is still down over 86% from its all-time high of $0.000045, which it attained in March last year.
Despite the impressive gains made by SHIB in 2023, with a year-to-date increase of over 100%, retail investors have been keeping a close eye on the Shiba Inu price, hoping for a return to higher levels.
This anticipation stems from the last time SHIB had five leading zeros, in the last week of February, when investors who bought the dip are still in the green even after multiple price corrections from the yearly peak of $0.000045 in March. But as the community awaits a restart of the rally, Bitcoin’s performance has continued to delay it.
In this latest call to buy SHIB, the crypto educator did not provide a specific target SHIB enthusiasts can look out for by February 2025. However, in an earlier update, Rigo posted a chart anticipating a more near-term surge that elevates Shiba Inu to $0.00004988.
This suggests that the crypto analyst anticipates a more ambitious threshold for Shiba Inu by next year. As a result, the analyst conveyed that those accumulating SHIB now, at around $0.00002165, are likely to profit in the coming weeks.
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