Shiba Inu coin encountered a roadblock: Will it still rise?

Shiba Inu coin (SHIB) has been glued in recent days; as its value and price have yet to shift one way or the other.

What are the latest predictions for SHIB?

As per a report from FX Street, the SHIB has lately hit a big roadblock, failing to capitalize on any new enthusiasm or hype, which watches trends for digital currencies and even stocks.

• “The dog-themed cryptocurrency has managed to slightly rebound. But a 5% dip below the current price may push it lower,” as claimed by FX Street.
• Since May, the coin has been heading downward May and hasn’t returned to the record highs it once reached.

Does it matter if the SHIB rebounds?

Shib may rebound before you know it; it might not matter too much when it comes to investment opportunities.

According to InvestorPlace.com, SHIB will likely rebound on short notice. As a matter of fact, the rise might be even more than enough to surpass Dogecoin.

• Since its origins, the Shib coin has been deemed a “Dogecoin killer.” Both currencies use a Shiba Inu dog as its mascot; which made them instant rivals in the crypto world.

Which cryptocurrencies are trending?

Several cryptocurrencies are trending right now aside from SHIB. The recent trends list from Coin Market Cap shows Mozart Finance, EverRise, HODL, and Baby DogeCoin are rising cryptocurrencies right now. SafeMoon, Bitcoin, and Shiba Inu are listed as well, but the recent data showed a downward trend.

One other new popular cryptocurrency is the Sanshu Inu coin, which is another meme-based, dog-based cryptocurrency. Unfortunately, a single sanshu coin is worth less than $0.00000001 per MarketRealist.

• “At this time, Sanshu Inu is a very small token in relation to many other cryptos out there today,” according to InvestorPlace. “Nevertheless, investors interested by the growth potential of such crypto options have remained to pile into these names of late.”

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