Prominent market analyst Mike McGlone issues a warning about popular dog-themed meme coins Shiba Inu (SHIB) and Dogecoin (DOGE). Keeping some predictions, the analyst also analyzes the altcoin market. Let’s look at the details together…
Mike McGlone warns for Shiba Inu (SHIB) and Dogecoin (DOGE)!
Bloomberg analyst Mike McGlone noted that the recent drop in Shiba Inu (SHIB) and Dogecoin (DOGE) prices is a sign that investors are turning away from speculative cryptocurrencies. In addition, the analyst said that he believes it would be better if this happens as soon as possible. Mike McGlone adds the following to his explanations on the subject:
Some tweaking of meme coins could stifle the brave as a necessary part of a thriving, empowering ecosystem. We think that the sooner speculative cryptocurrencies experience a cleanup, the better it is for crypto adoption.
Cryptocoin. com, Mike McGlone knew $10,000, $12,000, and $50,000 in Bitcoin. That’s why investors are watching the analyst’s forecasts carefully.
ZeroHedge foreshadowed the SHIB collapse!
Analyst ZeroHedge, who correctly predicted the price drop of SHIB in October, stated that his prediction was correct, claiming that Shiba Inu has fallen by 54% since it recorded its highest peak. ZeroHedge adds the following to its explanations on the subject:
I tweeted in and out of SHIB. I told you that was the whole SHIB story, and most of you were mad at me for saying it. Looking back now, I hope you can see that I was just trying to help.
