December is touted to be the ‘Santa Claus rally’ month where the stock and crypto markets are expected to jump in price in the days leading up to Christmas. However, the Santa Claus rally has been a myth since the last decade as the markets mostly traded sideways. Shiba Inu is up nearly 6% on Monday and is close to deleting a ‘zero’ in the indices.
It reached the day’s high of $0.00000999 and skirted trading with four ‘zeroes’. However, if the markets maintain the positive momentum, SHIB could delete a ‘zero’ and trade with four ‘zeroes’.
Also Read: Hey Shiba Inu, When Shibarium?
Shiba Inu: Previous December Performance
Shiba Inu has not performed well in the indices in December 2020 and 2021. In December 2020, SHIB was trading at $0.000000000077 (10 zeroes) after it added a ‘zero’ from September 2020, when it was trading with nine ‘zeroes’.
In December 2021, SHIB was retracting in price after it reached its all-time high of $0.00008616 in October. SHIB reached $0.00008616 in October 2021 but fell to $00003287 in December of the same year.
SHIB has not been exceptionally great in December 2022 either as its price slumped every day except on Monday. Therefore, the dog-themed token has mostly headed south in price in December.
Also Read: How Many ‘Zeros’ Did Shiba Inu Delete From December 2021 to 2022?
SHIB: The Path Forward
The SHIB team has a lot of releases up its sleeves and could most likely be launched in 2023. The upcoming releases are:
Shibarium
SHIB: The Metaverse
ShibaSwap 2.0
ShibaNet
SHI Stablecoin
Treat Token
Among all the developments, Shibarium is the most anticipated as investors believe the network could help SHIB scale up sustainably. However, the tentative release date for Shibarium is yet to be announced.
Also Read: Shiba Inu: With major BONE listings, Is Shibarium around the corner?
At press time, Shiba Inu was trading at $0.00000980 and is up 5.3% in the 24 hours day trade. It is down 88.6% from its all-time high of $0.00008616, which it reached in October 2021.