Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
As doubts grow over Shiba Inu’s $1 potential, IntelMarkets gains favor for AI utility, while Dogecoin surges, drawing investors.
Table of Contents
While anticipation builds in the crypto space, experts are beginning to question whether Shiba Inu (SHIB) will ever reach the $1 price point. Investors are currently looking at other potential candidates like IntelMarkets (INTL) to do the same.
Unlike the Shiba Inu coin, IntelMarkets has a better chance of hitting $1 because of its more impressive use and integration of artificial intelligence. On the other hand, the market has received a new wave of interest in Dogecoin (DOGE), and its price has jumped up again, which has attracted the attention of investors.
Shiba Inu can’t reach $1, says investing haven
A crypto analyst from Investing Haven has shared a bearish forecast for Shiba Inu enthusiasts by rejecting their goal of reaching $1 per coin. The analysis cited SHIB’s large circulatory supply of 589.26 trillion as a major obstacle.
The analyst also talked about other obstacles, like the need for massive supply burns and real-world utility. In the meantime, the Shiba Inu crypto price has reduced its losses on the weekly timeframe.
The memecoin has been on an uptrend in the past two days, partly due to the ongoing US elections. According to CoinMarketCap’s data, SHIB’s price surged from $0.0000165 to $0.0000195.
Meanwhile, the 14-day RS
Go to Source to See Full Article
Author: Guest Post
