The post Shiba Inu Coin Burns in July? Analysts’ Shib Price Predictions appeared first on Coinpedia Fintech News
Shiba Inu’s excitement is ramping up as its team hints at a development that will bolster SHIB burn.
Will these burns help boost the SHIB price in July? Let’s find out what analysts think.
Positive Price Outlook Amid SHIB Burn Hype
The SHIB supply could be about to shrink at an unprecedented rate.
Community-led burning has risen recently, with 10,367,937 SHIB burned today – a 63% increase from yesterday.
However, a cryptic tweet from Shiba Inu marketing lead LUCIE indicates that the team may be about to implement a change that bolsters the SHIB burn mechanics.
Shibcals is a revered project in the Shiba Inu ecosystem that connects real-world items to NFTs.
The partnership with LUCIE suggests that the Shiba Inu team is expanding its methods of burning SHIB to reduce the token’s total supply.
The tweet greatly surged Shiba Inu’s market interest, and exciting predictions flooded in throughout the days that followed.
TradingView analyst Lukegforex anticipates a pullback to a macro support level around $0.00001. However, he anticipates this will be followed by a powerful reversal to the upside.
Per the analyst’s prediction, the reversal will commence the next phase of Shiba Inu’s bull market rally and result in 10x gains.
Meanwhile, ClayBro analyzed the recent SHIB Burn developments and said, “If everybody joins in together, we burn trillions of SHIB. And if we burn trillions of SHIB, the price skyrockets.”
While the analyst does not provide an exact price target, it’s apparent that he is highly bullish on SHIB’s price potential.
However, ClayBro does not expect the bullish momentum to end with SHIB.
The analyst also nods to lower market cap alternatives outpacing Shiba Inu as meme coins gain momentum.
“If people are excited about meme coins, tiny little meme coins like WienerAI will soar in value,” he said.
With that in mind, let’s take a closer look into what WienerAI is and why ClayBro is bullish.
WienerAI Is Unlike Anything The Market Has Seen Before
WienerAI is a new meme coin undergoing a presale.
It has raised over $7 million, and investors can currently buy in at a fixed, discounted rate.
As evidenced by its total raise, WienerAI has hit the ground running at presale.
However, this is no surprise. The project is far from your average meme coin.
It’s an AI-powered trading bot masked behind a meme coin facade.
Users can ask it questions and lay out criteria, and the bot will scour the market for the best trading opportunities.
Think of it like ChatGPT for trading.
It also lets users execute trades directly from its interface.
As per its website, trade execution is instant, MEV-resistant, fee-free, and noob-friendly.
Coupling this utility with its meme coin allure, there’s much to be excited about.
That’s why ClayBro thinks this project could boom.
In another analysis of Shiba Inu, ClayBro once again shone the light on WienerAI.
“These tiny little tokens, WienerAI and some others out there, can explode the most,” he said.
Indeed, with WienerAI in its preliminary stages, there’s every chance this project could soar as Shiba Inu and other meme coins rise in value.
The current $WAI presale price is $0.000725, but this will rise in one day.