Highlights from the altcoin battle have always involved top-performing meme coins like Shiba Inu (SHIB) and Pepe (PEPE). But, the case is slightly different this year as their dominance comes under fierce competition from fast-rising PayFi sensation Remittix ($RTX). PEPE price and Shiba Inu price prediction suggest the meme coins are primed for huge price upticks. This prediction is thanks to recent growth within the Shiba Inu ecosystem and the renewed hype spurring growth in PEPE price.

However, what makes this new and upcoming altcoin a sensation enough to compete with the big names? Keep reading for answers. 

Shiba Inu Price Prediction: Ecosystem Growth Set to Inspire SHIB Price Growth

SHIB has recently experienced its fair share of volatility. Yet, at press time, the meme coin still exchanged hands for $0.00002162, indicating a 25% decline on the monthly charts. Experts believe this resilience is thanks to the developments in the SHIB ecosystem this year. Chief among these developments is Shibarium, the Layer-2 network introduced in 2023. Since its launch, Shibarium has completed over 600 million transactions – proof of its scalability and widespread adoption.

There’s also the recent token burn, which removed millions of tokens from circulation. While this is only a tiny fraction removed from the vast 589 trillion SHIB supply, it is proof of the meme coin project’s commitment to its long-term deflationary targets. Overall, the Shiba Inu price prediction, according to analysts, raises optimism that the SHIB price will respond positively to the ecosystem growth. 

PEPE Price Declines. Can It Recover?

After a 20% drop in PEPE price last week, this meme coin has raised doubts over its chances of delivering the goods to its holders. PEPE price, at the time of writing, now sits at $0.00001782. This 20% decline  was inspired by wider meme coin oversaturation and the bearish sentiment and trend across the market. Market analysts now believe that the PEPE price may struggle to surpass its all-time high of $0.00002825.On a deeper look, these analysts believe PEPE price predictions will only deliver an uptick if the crypto trades above the $0.000019 to $0.000020 price zone. Yet, they still acknowledge the speculative nature of this meme coin and its dependence on sustained hype and positive gene

Go to Source to See Full Article
Author: Adrian Barkley