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Shiba Inu's price may drop more than 15% as investors turn to new altcoins like XYZVerse. Market data shows a shift in attention towards newer meme tokens, with coins like XYZVerse gaining speed. Analysts predict a potential price drop for Shiba Inu, while XYZVerse could see a 30-fold increase in price due to its strong branding, deflationary mechanics, and community incentives.

Shiba Inu (SHIB) faces potential price drops of more than 15% this autumn as investors shift their attention to newer altcoins like XYZVerse. Market data indicates a growing interest in meme tokens, with XYZVerse leading the pack. Analysts predict that while Shiba Inu may experience a decline, XYZVerse could see a significant price increase of up to 30-fold.

Shiba Inu, currently trading near $0.0000123, has shown a mixed market sentiment. The token has moved between $0.000011636 and $0.000012936 over the past week, indicating a sideways market. Despite a 1.99% gain in 7 days and a 3.89% increase in 30 days, the token has experienced an 8.22% slide over the last six months. The 10-day average at $0.000012115 and the 100-day line at $0.000012274 suggest a balanced market, but a speed gauge at 97 points to an overheated market. If demand holds, SHIB could break through the first ceiling for an 11% jump. However, a stronger push would target $0.000014983, a gain of about 22% from current levels. Conversely, losing the floor could lead to a drop toward $0.000009783, roughly 21% lower [1].

The rising popularity of XYZVerse is a significant factor in the potential shift in investor interest. XYZVerse is an all-sports meme token aiming for 50X growth upon launch. The token has already seen its price climb from $0.0001 in Stage 1 to $0.005 by Stage 13, with over $15 million raised. The presale has generated a strong bullish mood, with 95% of voters on CoinMarketCap anticipating growth. Influencers like DanjoCapitalMaster have shown support for the project, further boosting its profile [1, 2].

XYZVerse's success can be attributed to several key factors. Its structured tokenomics model includes a 15% allocation for liquidity, 10% for airdrops and bonuses, and 17.13% for deflationary burns. Additionally, the project's community-driven approach, with an Ambassador Program and partnerships with sports celebrities, is fostering engagement and utility. The recent partnership with a decentralized sportsbook bookmaker further enhances the token's appeal [2].

Analysts predict that XYZVerse could see a 30-fold increase in price, reaching $0.10 from its current presale price of $0.005. This prediction is based on strong branding, deflationary mechanics, and community incentives. However, the success of XYZVerse will depend on its ability to secure high-profile exchange listings and maintain community engagement post-launch [2].

In conclusion, while Shiba Inu may experience a price drop of more than 15% this autumn, investors are increasingly drawn to newer altcoins like XYZVerse. XYZVerse's strong branding, deflationary mechanics, and community incentives position it as a potential 30-fold growth opportunity. As the market shifts towards newer meme tokens, investors should closely monitor these developments [1, 2].

References:
[1] https://finbold.com/why-shiba-inu-could-drop-over-15-this-autumn-as-investors-favor-new-altcoins-like-xyzverse-xyz-building-new-meme-market/
[2] https://partner.cryptopolitan.com/why-shiba-inu-could-fall-more-than-15-this-fall-as-investors-choose-new-altcoins-like-xyzverse-xyz-to-build-a-new-meme-market/