Expert Predicts Significant Rally for Shiba Inu Amid Regulatory Changes
- Crypto expert Javon Marks forecasts a potential 138% rally for Shiba Inu (SHIB), targeting a price of $0.000032.
- Current SHIB trading price is approximately $0.00001341, with key technical indicators suggesting bullish momentum.
- Shiba Inu’s burn rate surged by 438% in the last day, positively impacting market sentiment.
- Coinbase launched SHIB futures under the “1k Shib Index,” enhancing its eligibility for a spot ETF review.
- The SEC’s new rules allow crypto assets with regulated futures to be considered for accelerated ETF reviews, potentially within 75 days.
The recent surge in SHIB’s burn activity and the introduction of futures trading on Coinbase are significant developments that could bolster its market position and pave the way for an ETF launch.
With SHIB currently trading at $0.00001341 and experiencing strong momentum, analysts believe a close above $0.00001412 could trigger further buying interest.(Source)
