Shiba Inu Price Prediction: Why SHIB Could Outshine FLOKI This Cycle Along With 100x Altcoin Surpassing $7.2M

Analysts have recently compared Shiba Inu price movements and that of Floki, noting factors that could lead to SHIB outperforming FLOKI.

Shiba Inu (SHIB) price has shown impressive gains, with a massive surge in transactions leading to a significant rise in SHIB value. As the price continues to soar, reaching almost 50% in the past week, analysts are discussing the possibility of SHIB outperforming Floki in the current market cycle.

However, the rising price also brings attention to the actions of whales, with data indicating their activity in the SHIB market. Notably, the strength of the trading activity and the rising price are positive indicators, but the actions of these whales could largely determine the next direction of the Shiba Inu price. If their activity is predominantly to sell the token, it could put downward pressure on the SHIB price. However, if their actions are more focused on readjusting their investments rather than completely cashing out, it could result in a more stable Shiba Inu price over time.

Meanwhile, Floki’s price has gone up by 40% over the past week, and it’s currently trading at $0.0001711. Out of all the Floki coins in the market, the total value is now $1.64 billion, and in the last 24 hours, about $1.05 billion worth of FLOKI has been traded, which is over a 100% increase.

There is a strong support level for FLOKI’s price around $0.0001380. This support has been tested several times, showing that it is a reliable level where the price tends to stabilize. On the other hand, there’s a resistance level at $0.0001480, but since FLOKI has broken above this resistance, it may continue to rise. However, should the ongoing market rally cool off and FLOKI’s price fall below $0.0001380, it might drop further.

While analysts believe Shiba Inu price (SHIB) could outshine FLOKI in this cycle, they also claim the expectations for these meme coins have not been able to exceed those of DTX Exchange (DTX). A testament to these claims includes DTX’s recent milestone of surpassing the $7.2 million raised in its ongoing presale.

Currently, DTX Exchange is offering tokens at just $0.08—an increase of 300% from its initial price. When DTX enters the open market, it will be traded at $0.20. This means early investors could see their investment rise by a staggering 900% if they hold until the listing.

Moreover, what sets the DTX Exchange apart is its unique blend of traditional asset trading and blockchain technology. This platform will accommodate all the financial needs of individuals and make sure that they are secure. Its vision is to integrate cryptocurrency and the current fiat system to bring on-board everyone to the financial world.