Shiba

Render

Solana

Sherpa

Shiba Inu

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 <p>A popular crypto trader believes one Solana (SOL)-based altcoin project is on the verge of soaring to a record-breaking price.</p>
 <p>The pseudonymous analyst known as Altcoin Sherpa tells his 208,400 followers on the social media platform X that a new all-time high (ATH) is likely for the native asset of Render (RNDR), a crypto project that aims to provide a decentralized marketplace for Graphics Processing Units (GPUs).</p>
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 <p>He believes Render will likely retest levels in the lower $7 range before bouncing to cross its prior ATH of $8.78.</p>
 <p><em>“Render: ATH inevitable. Entry in the low $7s would be solid in my opinion.”</em></p>
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         Source: Altcoin Sherpa/X
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 <p>Next up, the trader predicts memecoin Shiba Inu (SHIB) will have big gains this market cycle.</p>
 <p><em>“SHIB: similar chart to DOGE tbh and it’s probably going to trade very similarly to DOGE given their respective market caps + both being on ETH. This will do big numbers eventually but will act more as a big cap vs. a meme (because it is). Good liquidity but not really one to expect 5000x on anymore.”</em></p>
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   Source: Altcoin Sherpa/X
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 <p>Looking at his chart, the trader suggests that SHIB is in an enduring trading range with an upper bound of $0.000001484 and a lower bound of $0.000000714, from which he predicts an eventual breakout.</p>
 <p>SHIB is trading for $0.00000126 at time of writing, up more than 10% on the day.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/analyst-says-solana-based-altcoin-primed-to-hit-new-all-time-high-maps-path-forward-for-shiba-inu-tbt81284.html">https://thebittimes.com/analyst-says-solana-based-altcoin-primed-to-hit-new-all-time-high-maps-path-forward-for-shiba-inu-tbt81284.html</a></p>

Analyst Says Solana-Based Altcoin Primed To Hit New All-Time High, Maps Path Forward for Shiba Inu

TheBitTimes

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