- A crypto analyst says that SHIB will be the asset to prosper in the next bull cycle.
- He says this will happen mainly due to the popularity of Shiba Inu (SHIB).
- According to searches SHIB beats out every other prominent altcoin in the market.
Amid the XRP lawsuit win and the sudden price surge of multiple coins, talks of a bullish crypto future have risen. In particular, one crypto analyst highlights the coming of a bullish cycle where the top three coins to surge will be Bitcoin, Shiba Inu, and Dogecoin.
In detail, the crypto analyst stresses on the power of Shiba Inu (SHIB). This popular token began as a memecoin but is no longer classified as such. Yet, SHIB has emerged as one of the most popular cryptocurrencies in America, he says.
The asset is closely followed by Dogecoin. As we can see from the video, the analyst goes on to express just how popular SHIB has become. To highlight, in a month, Shiba Inu gets 484, 000 searches while Dogecoin (DOGE) gets 280,000 searches.
It seems, according to the video, interest in SHIB beats out other incredibly popular altcoin projects as well. To name a few, according to searches, Ether (ETH) gets 238,000, Cardano (ADA) gets 118,000, and Ripple (XRP) gets 92,000.
Carrying on, the analyst ClayBro goes on to state that the popularity of these cryptos will likely lead to a huge impact when the bull market returns. He adds, this will be the case even more so as investors will gravitate towards familiar and popular coins.
After all, he says, speculation and popularity tend to drive prices in the crypto market. In fact, he states, the data points to a big SHIB recognition. Therefore, its inevitable popularity could contribute to its potential growth.
While investors are anticipated to regain confidence in Bitcoin as the bull market approaches, SHIB is also poised for potential growth. CoinMarketCap data indicated that SHIB’s price experienced a 6% increase in the past day, reaching approximately $0.000008016.
This upward momentum further boosted SHIB’s weekly performance to +10.82%. More so, the 24-hour trading volume for SHIB surged by over 190% to around $220,327,314. Similar to how XRP surged after its big event of winning the SEC case, SHIB could surge after a significant event such as the release date of its mainnet Shibarium.
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