Analyst Identifies 7 Altcoins Including Shiba Inu That Can Rise 1000%

Analyst Identifies 7 Altcoins Including Shiba Inu That Can Rise 1000%

Time Stamp: April 10, 2024 12:45 AM
Source Node: 2540285

Popular crypto industry pundit Emily Universe has joined the latest trend, providing a list of digital assets that could give investors significant gains in this bull market. 

In a recent analysis, Emily identified seven altcoins with the potential of registering up to 1,000% or 10x gains. 

The list dominated by meme-based cryptocurrencies includes Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF), Pepe (PEPE), Floki Inu (FLOKI), Boke of Meme (BOME), and Brett (BRETT). 

– Advertisement –

Notably, the analyst did not provide specific reasons fueling her confidence in a potential 10x surge for these assets. In addition, she did provide any timeline for when the prediction will play out. 

Dogecoin (DOGE) 

All tokens in the list have already registered significant gains this year. In particular, Dogecoin has seen its price surge by 126.3% year-to-date (YTD). The canine-themed token is up 4.35% over the past day to $0.20. Expanding DOGE’s price by 10x, as Emily speculated, would put it at $2.2. 

Some factors that could help Dogecoin achieve this feat include the Elon Musk effect, its dominance as the number-one meme-based token, the upcoming DOGE day, and the ongoing meme coin frenzy. 

– Advertisement –

At the current price of $0.20, 88% of DOGE holders are in profit, 11% have registered losses on their holdings, while only 1% are at breakeven, according to IntoTheBlock’s data.  

Shiba Inu (SHIB) to 10x

Launched in August 2020, Shiba Inu is the second-largest meme coin by market capitalization. Interestingly, SHIB’s price has surged by 176% YTD, currently trading at $0.00002843. 

Data from IntoTheBlock shows that 66% of Shiba Inu holders are in profit, 6% are at breakeven, and the remaining 27% are seeing losses. 

According to IntoTheBlock’s Holder Composition metric, most Shiba Inu investors are tagged as long-term holders. Specifically, 75% of all Shiba Inu holders have been holding SHIB for over a year. Additionally, 20% of Shiba Inu investors have been holding between 1 and 12 months, while 5% have held SHIB for less than 30 days. 

The data suggests that most Shiba Inu investors are confident about the token’s prospects, which could bolster its chance of hitting the ambitious 10x target. A 10x rally would place Shiba Inu’s price at $0.00031273. The target represents a 253% surge from Shiba Inu’s previous all-time high (ATH) of $0.00008845, registered in 2021. 

Besides the HODL culture of Shiba Inu investors, other factors like Shibarium, SHIB’s growing adoption, and the upcoming Bitcoin halving could also set the stage for the potential 10x rally. 

WIF, PEPE, FLOKI, BOME, and BRETT to 10x 

Like Dogecoin and Shiba Inu, the other tokens in the list, including WIF, PEPE, FLOKI, BOME, and BRETT, have also registered significant gains recently. 

For instance, WIF, the third biggest meme coin, has surged by 2,478% since the beginning of this year, putting its price at $3.98. A 10x surge would further push its price to $43.78. 

Similarly, PEPE’s price has skyrocketed 478% YTD to $0.000007417. If it registers a 10x gain, its price will rise to $0.00008158. 

FLOKI, which is currently trading at $0.0002092, could spike to $0.0023012 if its price rallies by 10x. In addition, a 10x rally for BOME would push its price to $0.15829 from the $0.01439 level where it is currently changing hands. 

Lastly, BRETT could surge to $0.86196 from its current value of $0.07836 if Emily’s 10x prediction becomes materialistic. 

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

-Advertisement-

Time Stamp:

More from The Crypto Basic