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Shiba Inu’s 12% rally in the past week took many by surprise – but not one analyst. YouTube analyst ClayBro saw the move coming after spotting a 180% increase in buying activity around $SHIB.
The surge in buying activity came at a moment when most of the crypto market was down, so ClayBro’s call for gains was a contrarian take. However, he was proved right last week when meme coins rallied across the board and Shiba Inu led the charge.
In addition to being bullish on Shiba Inu, ClayBro has also been calling out another new meme coin – WienerAI – for having 10x potential. We’ll take a closer look at what’s happening to $SHIB and explain why ClayBro is hot on WienerAI.
$SHIB Rockets 13% as Market Recovers
Shiba Inu, the 2nd-largest meme coin by market cap, jumped 13.9% in the past 7 days, marking one of the biggest gains in the meme coin market in a month.
The move seemed to come out of nowhere, especially since Shiba Inu had lost 32% of its value in June and losses extended into early July. The recent turnaround has erased some of those gains, but $SHIB still has plenty of room to climb before reclaiming the $0.000025 price level it held for much of the spring. $SHIB is currently trading at $0.0000180.
While most crypto traders were taken by surprise, ClayBro saw the move coming. He spotted a 180% increase in buying activity around $SHIB, which corresponds to an explosive growth in overall trading volume around the token. Shiba Inu is now trading with 24-hour volume of $289.5 million, with more trading taking place every successive day of the rally.
The bullish move was broad-based—nearly all major meme coins moved higher—but Shiba Inu led the way. It gained more than Dogecoin, Pepe, Dogwifhat, Bonk, and Brett. In fact, Floki Inu, which is based on the same shiba inu meme as $SHIB, was the only top 10 meme coin to post a larger gain.
That broad-based move bodes well for Shiba Inu, which could continue its momentum to post even more gains. Traders who bought at the bottom could be in for a solid gain if the token is able to climb back to its March peak of $0.000036.
Analysts Also Bullish on WienerAI – $7M ICO Ends in 15 Days
While ClayBro was one of the first to spot the move in Shiba Inu, it’s not $SHIB that he’s been telling followers to buy. Instead, he’s been heaping praise on WienerAI, a new meme coin that he thinks could have 10x potential after launch.
Other analysts have also noted the token’s potential, with Jacob Bury speculating it could be the next 100x meme coin.
WienerAI combines two themes that the crypto world loves: dogs and AI. The token features an adorable dachshund as its mascot and is in the process of building an AI-powered crypto trading bot.
On the meme side, WienerAI has set a tone meme coin users are sure to love. Playing on the sausage shape of its mascot and Shiba Inu’s ‘Shib Army,’ the project calls its community the ‘Sausage Army.’
On the trading bot side, WienerAI has released a preview showing some impressive features. For example, the bot will include a ChatGPT-like interface that traders can use to find opportunities that fit their strategy or to ask the bot more about why it recommended a certain trade.
More than just a bot–WienerAI is your ultimate crypto trading companion.
We’re delighted to share some sneak peeks with our incredible and supportive community. (1/4) pic.twitter.com/kR8ypeJycj
— WienerAI (@WienerDogAI) June 11, 2024
The AI trading bot has the potential to be a serious game-changer for meme coin trading. It’s able to outrun MEV bots, suggest which DEX to use to place a trade, and much more. The bot will be powered by the $WAI token, giving this coin immense value after it hits exchanges.
Traders who want to get ahead can buy $WAI during the WienerAI presale, which is going on now and has already raised nearly $7.5 million.
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