The outlook for the Shiba Inu (SHIB) price has turned positive with a prominent TradingView user predicting a staggering 400% surge in the coming weeks and months. According to the analyst known as without worries, SHIB has broken out of its extended downtrend, paving the way for a repeat of its massive 400% surge seen in late February and early March.
With SHIB price recently stabilizing around $0.000018, a 400% surge back up would mean a retest of its all-time high of $0.000080.
It is worth noting that the 400% increase in the price of SHIB will result in an increase in its total market value from about $10.57 billion to more than $40 billion, which is far exceeding the total market value of Dogecoin (DOGE) which currently stands at about $18 billion.
Can $SHIB surpass its competitor $DOGE ?
Of course, if the price of SHIB experiences a rapid rise, it will be obvious that the price of Dogecoin will also rise with it, and then it will be difficult for the former to catch up with the latter’s rises, especially since DOGE has the advantage of being on the scene before it and is distinguished by its own decentralized blockchain network, unlike SHIB, which operates according to the ERC-20 standard, not to mention the support of the famous billionaire Elon Musk for DOGE.
Where is SHIB price heading?
The price of Shiba Inu (SHIB) has recently been hovering within the flag pattern shown below, with the possibility of a breakout to the upside increasing in the foreseeable future, which is very consistent with the analysis of TradingView user without_worries, who expects the price to soon rise towards the $0.000030 area in the first wave of a potential 400% upward move.
However, despite the fact that $SHIB has huge potential for growth in the near term, some investors are looking for investment opportunities that can provide much higher returns. One of the best ways to invest early in new meme coins with huge growth prospects is to join promising projects during their early stages, specifically the IPO stage.