Shiba Inu ($SHIB) has had a relatively modest week by its standards, posting a gain of just 2.64% over the last 7 days as it currently trades around the $0.000033 mark.
However, over the last 30 days, it is 247% up and has outperformed most rival cryptocurrencies, including Dogecoin ($DOGE).
Meanwhile, Zap Protocol ($ZAP), which was launched back in 2018, has enjoyed a rally of around 110% over the last 7 days – and it’s poised to breach the $0.01 barrier in the coming days or even just hours.
Despite its recent rally, Zap’s token still just has a market cap of less than $2 million and it would deliver a 100x return if it were to return to its all-time high.
Shiba Inu and Zap Protocol Price Prediction
Despite SHIB encountering some resistance and trading somewhat sideways for the last week, the memecoin is in a good position to capitalize on growing interest in the crypto space and breach the $0.00004 mark sometime in March.
In the longer term, we expect SHIB to at least recover to its all-time high – which would deliver a 100% return at the current entry price.
ZAP token, on the other hand, is well positioned to rally as high as the $0.02 mark before the end of March, delivering a circa 150% return on investment at the current entry price of circa $0.0075.
By the end of 2024, we expect Zap Protocol’s token to be trading between $0.20 and $0.45, although this is contingent on Bitcoin continuing to enjoy a strong run, buoyed by the recent approval of spot Bitcoin ETFs in the US.
Both SHIB and ZAP are attractive tokens to buy in the current bull market, and it would be wise to simultaneously allocate capital to both of these tokens – plus Bitcoin – to give your portfolio a degree of balance.
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