Shiba Inu Price Prediction: Can SHIB Survive Shibie, The Most Promising New Meme Coin

However, SHIB tokens have been struggling to recover from the crypto crash of 2022. The token's value has been under the $0.000015 level for over a year, which is why so many investors are looking for new altcoins with high-growth potential. The latest meme coin, Shibie, is one of their most popular choices in early August, making it a much better investment option than SHIB. So, let's look at what's happening with the two meme coins and compare their potential in more detail.

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Shiba Inu Price Rally Depends On Multiple Factors

Shiba Inu has recovered some value in the past few weeks, reaching a price resistance level of $0.000084 from the $0.0000078 level, which was relatively stable for months. However, even if the token reaches a higher resistance level, it drops back to the same price level less than an hour later. Its recovery is slow and follows broader market sentiment defining the entire cryptocurrency sector.

Generally speaking, most crypto prices are formed following BTC price movements. Since BTC gained over $14,000 this year, rising to $31,000 from the $17,000 level. The growth is impressive, but even though BTC broke the $31,000 price, it's still 60% lower than its all-time high.

If the bullish market trend continues, SHIB tokens will likely keep going up long term. However, without more token utilization, an oversupply of tokens in circulation won't lead to any massive returns in the future. SHIB tokens are currently up by around 8% in the past month, but that's likely caused by the launch of the Shibarium network that will accept SHIB tokens as payment, along with a new BONE token.

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Shibarium Network, A Layer 2 Solution Breathing New Life Into Shiba Inu

The Shibarium Network was in the works for years, and now it's finally here. It's entirely developed and runs on the Ethereum Mainnet, so it's what's known as a "Layer 2" solution that's supposed to breathe new life into the platform, ensuring stable future growth.

Now, users who choose to transact with SHIB tokens must pay gas fees, but in return, they get a significant increase in transaction speeds and overall lower costs. The Shiba Inu ecosystem is officially on a higher level, and the devs behind it are currently testing multiple features that should go live during the "Summer of Shibarium" event planned for mid-August. Most experts think the platform will go live during the Blockchain Futurist Conference on 15 and 16 of August in Toronto, Canada.

The entire event is fully sponsored by Shiba Inu, and the main goal is publishing the Shiba Inu "Worldpaper," a document that will explain how the new Shibarium works and how it impacts Shiba Inu and SHIB token owners. The newest development has divided crypto experts into two categories. One thinks that SHIB can only go up from here, encouraging traders to invest while the prices are low. The other one thinks that, even if a bull run happens, SHIB will return to square one in September. As you already know, cryptocurrency markets are highly volatile, so there's no way to predict future prices accurately. The rising uncertainty is forcing thousands of investors to other meme coins, and Shibie Coin has been the hottest investment option in early August.

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Shibie Coin - New Shiba Inu-Inspired Meme Coin With Huge Potential

As you probably know, the Barbie movie has been a massive hit in box offices worldwide. It's the highest-grossing movie made by a female director, making it a truly unique film that will be remembered forever. On the other hand, the release of Shibarium has excited the entire crypto community, making Shiba Inu the hottest topic of summer 2023. You can find more information about Shibie at shibie.io.

Well, now there's another crypto to be excited about, and its name is Shibie Coin. Namely, the latest addition to the meme coin niche offers a funny mix of Shiba Inu and Barbie, with a touch of internet meme culture. The developers realized they could connect the two seemingly unrelated events into a digital asset that could lead to some of the highest gains in 2023.

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Mix of Pop Culture And Blockchain Technology

Imagine Shibie as the Barbie of cryptocurrencies. It's a Shiba Inu dog with a high sense of class and a "bitchy" attitude. Shibie's goal is to use the current situation as a propellant to launch itself right to the top of the meme coin niche. The result is a glamorous Shiba Inu dressed in pink, completely blocked from the real world. She's focused on reaching the top and doesn't care what you say about her.

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The official Shibie presale launched on August 1st, raising around $50K in the first 24 hours. Of the 10 billion SHIBIE tokens, 60% will be available during the event, with a starting price of $0.000166665 per token. 20% will be locked for liquidity, 10% will go towards CEX listings, and the remaining 10% will be split between the team and marketing costs. Shibie is not as dumb as she looks, and if everything goes to plan, she will rise to the top of the meme coin niche, providing everyone who believed in her early on with some of the highest returns in 2023.

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Wrapping Up

When all things are considered, 2023 is the year of meme coin presales. Many of the coins released this year outperformed SHIB with ease, and Shibie Coin is the next in line to likely result in 10x returns or higher. The SHIBIE token presale will close after the platform raises $2.5 million, giving it plenty of pump room. So, if you're looking for a Shiba Inu-themed token that will lead to much higher returns than the original SHIB token, check the official Shibie Coin site and get your tokens at a discount!