Analysts Forecast Gains for XRP, SHIB & MAGACOIN Finance After DOGE Volatility
Analysts initially flagged legacy meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) as facing uphill battles—DOGE risks a 30% drop if support breaks despite a recent 4.3% spike, and SHIB needs sustained token burns and Shibarium utility to regain momentum. On-chain data shows strong SHIB whale accumulation and support near $0.00001100. Emerging token MAGACOIN Finance (MCF) stands out with fixed supply, audited contracts and community ownership, projecting 20–40× ROI in presales. In a later update, analysts shifted focus to XRP, citing SEC motions to end the injunction, a $50 million settlement and growing institutional adoption—BitGo now holds $100 million in XRP and XRPL upgrades boost DeFi and cross-border use, fueling technical targets of $5–$15 by H2 2025. Traders should monitor DOGE support levels, XRP’s regulatory catalysts, SHIB’s burn rates and whale flows, and MCF’s presale phases for near-term trading opportunities.
Bullish
Despite Dogecoin’s downside risk, the overall update is bullish: XRP’s legal clarity and institutional adoption provide strong catalysts for price appreciation, SHIB’s on-chain whale accumulation and token burns underpin medium-term support, and MCF’s presale momentum and tokenomics offer high upside potential. In the short term, traders can capitalize on volatility around DOGE support tests and XRP regulatory news, while longer-term positioning in SHIB and MCF aligns with fundamental upgrades and community growth, driving market optimism.