Dawgz AI ($DAGZ) Emerges as a Potential New Leader in the Meme Coin Market by Combining AI-Driven Trading with Viral Appeal

Shiba Inu (SHIB), the meme coin that captured the crypto world's attention after an impressive surge of 1089% within weeks in 2021, is once again sparking excitement among investors.

Shiba Inu (CRYPTO: SHIB) price has been heating up again as one chart pattern suggests the meme coin could be nearing a breakout. Here’s a look at what’s new with the Shiba Inu price and how one analyst is seeing a huge move in the works.

Shiba Inu Has Shown Strength As 50-4 Hour Chart Pattern Suggests Breakout

Recent technical analysis shows that SHIB has been forming a symmetrical triangle pattern on the four-hour chart. This pattern is known for signaling a period of consolidation before a breakout.

The 50-day moving average is also rising, which indicates a strong short-term trend, and the 200-day moving average has been sloping upward since early May.

If SHIB breaks out to the upside from the triangle, then it could have a breakout target of $0.0326, according to Benzinga analysis of the chart. This price target is about a 133% move from where SHIB is trading at last check on Wednesday.

Shiba Inu’s price has seen some strong moves in 2024. The coin is up over 1,089% from the lows it hit in late 2021.

Related Link: Top 5 Crypto Movers: Meme Coins SHIB, DAGZ Heat Up As Bitcoin, ETH Hold Recent Gains

Shiba Inu Price Prediction For 2025

Several analysts are still optimistic about where the Shiba Inu price could trade in 2025. Here’s a breakdown of what some analysts have to say about the potential price movements of SHIB, according to data from Changelly:

One analyst, Javon Marks, thinks the breakout target for SHIB is still a 550% move from current price levels to reach $0.0081. The analyst highlights how SHIB has been on a “bullish tear” recently and is getting a lot of attention in the market.

However, Marks adds that SHIB’s price is heavily reliant on community hype and speculative trading activity.

Shibarium Could Be Key To Unlocking Growth

A key part of the Shiba Inu ecosystem is the Shibarium layer-2 scaling solution. The coin is designed to offer faster transaction speeds and lower fees for Ethereum (CRYPTO: ETH) users.

Shibarium could help to position SHIB as a leading layer-2 project in 2025.

Shibarium has recently seen increased adoption with more developers integrating new DeFi protocols and NFT marketplaces.

If Shibarium is able to gain traction, then it could help to generate greater utility for SHIB, which may help to stabilize the coin’s price and make it less reliant on meme-driven hype.

However, the broader crypto market remains volatile and Shibarium will face competition from other layer-2 solutions like Optimism (CRYPTO: OATM) and Polygon (CRYPTO: MATIC).

Investors may want to keep an eye on Shibarium’s transaction volume and developer activity, which will be key indicators of the layer-2 solution’s success.

New Crypto Project Is Combining AI With Meme Coins

With analysts bullish on meme coins like Shiba Inu and several other coins heating up, a new wave of projects are combining cutting-edge technology with the viral power of memes.

One such project is Dawgz AI (CRYPTO: DAGZ), an Ethereum-based token that is integrating AI-powered trading algorithms with the meme coin appeal that has helped projects like Shiba Inu and PEPE get noticed in 2024.

Recently audited by SolidProof on June 4, Dawgz AI is offering a more secure and innovative investment opportunity.

Here’s why Dawgz AI is getting attention and how investors can learn more about the project.

What Is Dawgz AI?

Announced in March 2024, Dawgz AI is the world’s first AI-driven community trading token. The project is focused on developing advanced AI systems to optimize trading strategies and maximize returns for investors.

The token is also leveraging the viral potential of memes to engage a broad audience and build a strong community.

With institutions increasingly adopting AI, Dawgz AI aims to integrate this technology into the Defi space. The project’s website claims it will use AI to analyze market trends, identify arbitrage opportunities and create optimal token management strategies.

Why Is It Heating Up?

After a successful presale that saw strong interest from crypto traders, Dawgz AI is now preparing for its upcoming listing on major exchanges.

The project is set to be launched on May 15 with an initial price of $0.00702. Early investors who joined the presale at a price of $0.004 could potentially realize significant gains.

Those who invest at the launch price could still see a return on their investment as Dawgz AI is targeting a price of $1 within the next