The current momentum has investors hopeful that other meme coins might also witness good performance.
Shiba Inu (SHIB) has recently seen a significant spike, reaching an all-time high of $0.00002135, breaking two strong resistance levels. Analysts predict a 100% boost for the coin, and with a bullish trend, it could reach $0.000028.
Market capitalization of meme coins has surged to $58 billion, with the market predicting it could reach close to $1 trillion this cycle.
Shiba Inu (SHIB) is currently priced at $0.00001783, just below a key resistance zone, which has analysts predicting a potential rally in the meme coin space.
