Is it Too Late to Buy Shiba Inu? SHIB Jumps 6% as Meme Coins Rally But Flockerz Can Pump Higher

The post Is it Too Late to Buy Shiba Inu? SHIB Jumps 6% as Meme Coins Rally But Flockerz Can Pump Higher appeared first on Coinpedia Fintech News

Shiba Inu has begun gaining pace this week with a 6% uptick.

But at its current price point, is SHIB still worth buying, or is the new presale meme coin Flockerz a better investment?

SHIB Could Be Set For a Big November As Signs Of Breakout Emerge

Many industry newcomers may see Shiba Inu is seen as an archaic and outdated meme coin at this point.

Not only because it lacks the degen characteristics of something like Dogwifhat or Pepe, but also because it has massively underperformed in the past year.

Moreover, it is ill-equipped compared to fellow legacy meme coin Dogecoin, which backed by X owner and business magnate Elon Musk.

It seems the cards are stacked against SHIB – but what if this is about to change?

Dogecoin has begun to explode this week with a 26% pump. 

And narratives follow prices. 

A couple of green weekly candles for DOGE, and people will once again begin screaming that legacy meme coins are the best.

Typically, we group DOGE and SHIB together, since most other relevant meme coins only emerged this cycle.

With that, a strong Dogecoin could equate to a strong Shiba Inu.

And this is the exact story that the charts tell us. Analysts have begun noticing the early signs of a massive SHIB breakout, which could lead to significant gains in the coming months.

Based on a trendline resistance level which stretches back months, analyst Moon Whales has noticed a Shiba Inu breakout and expects an rapid 25% ascent toward $0.000026.

Similarly, analyst Javon Marks notes that SHIB has broken out from a falling wedge pattern, which began in early 2024.

According to the analyst, SHIB is gearing for a parabolic toward $0.000081, over 4x from its current price.

Given that Dogecoin has started to show strength this week, it’s clear that traders still have an appetite for last cycle’s viral meme coins.

If Dogecoin continues to rally, it’s only a matter of time before traders turn to SHIB, which is a Dogecoin alternative with utility.

Factoring in that SHIB is down significantly from its yearly high, there’s every chance that we see an explosive breakout toward Javon Marks’ $0.000081 target before the year ends.

However, as this year has proved, new low-cap meme coins can outperform the market leaders by orders of magnitude. 

For example, while SHIB is up 139% this year, Dogwifhat has pumped over 10x that at 1,471%. 

But looking ahead, one of the meme coins that traders believe will outperform SHIB is Flockerz. It’s currently undergoing a presale and has raised $1.14 million so far.

New Meme Coin Flockerz Decentralizes Governance and Pays its Community, Tipped For 100X Gains

Flockerz is raising the bar for meme coins.

The project allows users to vote on every decision relating to its future via a decentralized autonomous organization (DAO) called FlockTopia DAO.

But that’s not all. Users will even get paid for it.

This is a new concept called “Vote-to-Earn,” and it’s taking the market by storm.

Flockerz is structured so that user incentives align with the project’s success, a recipe that has the potential to cultivate a serious community.

And holders can also earn by staking their tokens. The staking feature is live and currently provides a 1,468% APY, but this will decrease as more tokens are staked.

The project is currently undergoing a presale, meaning investors can participate from the beginning.

This has led to exciting predictions among analysts. For instance, the Insidebitcoins YouTube channel says it can 100x.

The video also underscored that Flockerz is running an extensive global marketing campaign to expand its community.

This is good news for the project’s price potential since a bigger community means more token demand.

The current $FLOCK presale price is $0.0058862, but this will rise in one day.

Visit Flockerz Presale

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[Source: Coinpedia]