Learn About Shiba Inu And You Will Win, The Analyst Says

User X famous Del Crxpto recently praised Shiba Inu (SHIB) for becoming "one of the most complex technology investments in cryptocurrency." However, he believes that those who take the time to understand it "will win." SHIB has truly risen from a meme coin to a developing ecosystem over the past few years. Some features include the launch of the decentralized exchange ShibaSwap, the introduction of the Layer 2 scaling solution Shibarium, the development of gaming elements, etc. Del Crxpto is not the only one recently speaking positively about Shiba Inu. Earlier this month, user X Henry described this meme coin as a gem with "100x potential". The analyst predicts a "major price surge that will break all previous ATHs and will reach at least 790%." Participants in the bullish industry include SHIB KNIGHT and CW. The former has observed the recent price charts of Shiba Inu and Dogecoin to express the opinion that "the bottom is in" and "both are destined to go to the moon." CW argues that SHIB is in the process of forming a bullish flag pattern, envisioning a price surge if the valuation breaks to the upside. "And this rally could potentially continue up to $0.000022, where there is a sell wall," they conclude. What is an Indicator Index? Some important data supporting the bullish case mentioned by analysts was presented. Over the past week, the net flow of SHIB exchange was mainly negative, indicating that investors may have shifted from centralized platforms to self-custody methods. This, in turn, reduces immediate selling pressure.

On the other hand, there are some negative factors. For example, the activity of Shibarium has stalled recently, with daily transactions sharply dropping from millions in the past few months to around 141,000 on May 25 and below 100,000 on May 26. This indicates a decrease in network participation and a decline in investor interest, which could negatively impact the valuation of SHIB. According to some industry participants, further progress of Shibarium ( officially launched in August 2023 ) is an essential factor that could contribute to the price increase of the meme coin. One of them is Bitcoin supporter Jeremie Davinci, who stated: "I like Shiba Inu, as you know, and I think it will perform relatively well in this cycle, but it may not reach the heights you expect. I believe Shiba Inu has a lot of utilities when they have Shibarium, and basically, it is a chain where you can really run all kinds of applications. However, no one is using it and there are still no applications to use your token on Shibarium. If they solve that issue, Shiba Inu will go to the moon."