Metaverse craze, token burning events, and increasing merchant adoption have made Shiba Inu outperform Dogecoin so far this month.
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Metaverse craze, token burning events, and increasing merchant adoption have made Shiba Inu outperform Dogecoin so far this month.
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The sharp upside retracement surfaces as retail frenzy around Shiba Inu hints at testing May peak levels.
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The Dogecoin spinoff sprinted past popular blockchain protocols like Stellar and Polygon to become an $11 billion crypto project.
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SHIB is notably mirroring its mentor Dogecoin’s price moves from the Feb-April 2021 session, raising possibilities of dump ahead.
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Spotted by veteran analyst Peter Brandt, the classic technical pattern can result in ADA price losing almost 90%.
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A falling wedge setup, as well as Amazon’s rumor to accept cryptos, also boosts Ether’s upside appeal.
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