In other news, the newest entrant into the meme coin market, Shiba Galaxy (SHIBG), has been building up a head of steam. Bringing a ton of utility into the meme coin space with a potential price pump by 100x for SHIBG.

Momentum Builds for Shiba Inu (SHIB), Eyes Rally To $0.0001

Over the last few weeks, Shiba Inu (SHIB) has been on a tear, rallying by more than 18% from its weekly low of $0.00001600. Currently, the Shiba Inu crypto is aiming to reclaim the $0.00002 price level, but it has been hovering around the $0.00001900 level, according to CoinMarketCap.

With the price of SHIB trading above the 200-SMA ($0.00001882) level, analysts forecast the Shiba Inu price could skyrocket soon. According to a chart shared by Crypto Candy, SHIB has broken out of a descending trendline pattern.

$SHIB KNIGHT shared the same sentiment, stating that the Shiba Inu coin is building momentum. According to his analysis, a “Giga Pump” is on the way for SHIB. He suggests that SHIB could be the next memecoin to explode after DOGE.

The price chart Crypto Candy shared shows that the price of Shiba Inu (SHIB) could rally towards $0.00002164 in the near term. If the SHIB token successfully breaks this level, then it could go on an explosive price rally. Another analyst, OneHundred Eyes, has predicted that Shiba Inu (SHIB) could skyrocket to $0.0001.

Shiba Galaxy (SHIBG) To See 100x Pump As It Redefines the Meme Coin Space

By seeking to redefine the meme coin space using utility, high staking APR, and community support, Shiba Galaxy (SHIBG) has become one of the fastest-growing projects. Unlike many meme coins, Shiba Galaxy will feature a blockchain that offers low transaction costs, together with processing speeds that are 100x faster than those of other networks, making it a convenient ecosystem for developers and investors alike.

This shift towards real utility puts Shiba Galaxy in a category beyond the meme coin trend. So, there is possibility for a massive price pump for $SHIBG in 2024. The main focus of Shiba Galaxy is to have a decentralized ecosystem and be governed by the community. Following the footsteps of other popular projects such as Shiba Inu (SHIB), Shiba Galaxy has recently implemented a strong governance model to empower its users.

$SHIBG token holders have a say in the proposals for the future of the project. Each user can also stake their tokens and earn huge returns of up to 7,000% APR. Additionally, since the market capitalization of $SHIBG is only $30 million, it is much more lucrative than top memecoins like Shiba Inu (SHIB).

The utility combined with its low market cap, gives Shiba Galaxy more room for growth with a possible rally by 100x to 10$. However, SHIBG’s current low price of $0.105 is a great chance for those who want to invest in a meme coin that values utility and community.

Why SHIBG Has Been Gaining More Traction Than Shiba Inu

Shiba Galaxy is the latest entrant into the memecoin market and distinguishes itself by offering real utility through a blockchain that supports high-speed and low-cost transactions. With the shift from the normal memecoin perspective, Shiba Galaxy is not just another memecoin but a project that could rival Shiba Inu (SHIB) in the long run.

Stay up to date with Shiba Galaxy by following the links below:

Website: https://shiba-galaxy.io Whitepaper: https://docs.shiba-galaxy.io Twitter: https://x.com/ShibaGalaxy_

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.