Shiba

Ethereum

Solana

Shiba Inu

The <a href="https://bitcoinist.com/dubai-exchange-puts-shiba-inu-in-the-spotlight/">prices of Shiba Inu</a> and <a href="https://bitcoinist.com/meme-coins-shib-pepe-viral/">PEPE</a>, although there has been movement in both of these assets, have not performed as well as expected. This could be attributed to the muted performance that <a href="https://www.newsbtc.com/all/ethereum-2024-forecast-analyst-predicts-major/" rel="nofollow noopener" target="_blank">Ethereum</a>, the parent network of both assets, have put on recently, and thus, they have followed in its footsteps. However, as <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-surges-2440/" rel="nofollow noopener" target="_blank">Ethereum</a> begins to see better upside, things could change for both of these assets according to one analyst. 
<h2 class="p2" id="watch-out-for-shiba-inu-as-ethereum-begins-to-break-out">Watch Out For Shiba Inu As Ethereum Begins To Break Out</h2> 
<a href="https://www.newsbtc.com/analysis/eth/ethereum-price-hints-at-potential-correction-buy-the-dip/" rel="nofollow noopener" target="_blank">Ethereum</a> has started moving up again and is currently trading above $2,400 at the time of this writing. Naturally, crypto investors expect its ecosystem tokens to follow the same path, and one of those is Shiba Inu, as pseudonymous crypto analyst Crypto Kaleo explains. 
Taking to X (formerly Twitter), the analyst shares their expectations for the <a href="https://bitcoinist.com/shiba-inu-is-fast-leaving-exchanges-what-it-mean/">Shiba Inu price going forward</a>. Crypto Kaleo warns investors to keep an eye out for the Shiba Inu price especially as <a href="https://www.newsbtc.com/news/ethereum/ethereum-remains-bullish-gas-fees/" rel="nofollow noopener" target="_blank">Ethereum</a> begins another uptrend. 
The crypto analyst expects good movement in price, possibly something that could rival its 2021 movement. Kaleo points out that the <a href="https://bitcoinist.com/shib-shiba-inus-shibarium-milestone/">SHIB price</a> is currently still trading in a base range of $0.00001, and this is a level that the price has maintained for almost one week now. 
Given that <a href="https://bitcoinist.com/shiba-inu-team-executes-4th-burn-to-bring-total-to-nearly-34-billion/">the crypto’s price</a> has stayed in this range for so long, Kaleo expects a good thing if the price is able to break out of this range. “Wouldn’t be surprised if we see another god candle similar to October ’21 when it finally breaks out of this base range,” Kaleo said. 
<blockquote class="twitter-tweet"> 
 Also a reminder to not sleep on <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$SHIB</a> as <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$ETH</a> starts to break out. 
 Wouldn’t be surprised if we see another god candle similar to October ’21 when it finally breaks out of this base range. <a href="https://t.co/jRYYW6gcjq" rel="nofollow" target="_blank">pic.twitter.com/jRYYW6gcjq</a> 
 — K A L E O (@CryptoKaleo) <a href="https://twitter.com/CryptoKaleo/status/1740171092873081019?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">December 28, 2023</a>
</blockquote> 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/J6M41EQT/" alt="Shiba Inu price chart from Tradingview.com (Meme coins Ethereum PEPE)" width="3266" height="1530"> 
<h2 class="p2" id="pepe-expected-to-follow-the-same-path">PEPE Expected To Follow The Same Path</h2> 
As the <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-muted-2200/" rel="nofollow noopener" target="_blank">Ethereum price</a> recovers, Shiba Inu is not the only cryptocurrency that is expected to do well. Another coin that the crypto analyst points out is poised for good things during this time as well is the <a href="https://bitcoinist.com/pepe-price-skyrocket-400/">PEPE meme coin</a>. 
PEPE has also been on a rather slow path over the last few months despite the fact that the Bitcoin price has been going up. There have been more dips than pumps, but Kaleo expects that this could change quickly as the pump commences. 
Kaleo compared the expected movement to what happened with Solana (SOL) and BONK. The <a href="https://bitcoinist.com/solana-meme-coin-dogecoin/">BONK price</a> had risen drastically as the SOL price pumped. In the same vein, the crypto analyst expects the meme coin to reach a new all-time high as the <a href="https://www.newsbtc.com/news/ethereum-balancing-act-at-2300-scaling-the-heights-or-facing-a-looming-drop/" rel="nofollow noopener" target="_blank">Ethereum price</a> begins to move as well. 
“It’ll be one of the most obvious hindsight trades out there when it happens,” Kaleo explains. 
<blockquote class="twitter-tweet"> 
 The same way <a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$BONK</a> printed new ATHs vs <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$SOL</a> when it broke out, I see <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$PEPE</a> printing new ATHs vs <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$ETH</a> as it starts to move. 
 It’ll be one of the most obvious hindsight trades out there when it happens. <a href="https://t.co/cvSPd9bxSt" rel="nofollow" target="_blank">pic.twitter.com/cvSPd9bxSt</a> 
 — K A L E O (@CryptoKaleo) <a href="https://twitter.com/CryptoKaleo/status/1740028721581666751?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">December 27, 2023</a>
</blockquote>

Crypto Analyst Predicts Big Moves For Shiba Inu And PEPE, Here’s The Trigger

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