Shiba Inu is charting its identity, an independent price trajectory, as the bullish momentum continues supporting the altcoins. As Bitcoin prepares for its meteoric rise to $100K, the market’s bullish momentum is helping coins like SHIB bask in new energy and influx, helping the token prepare for its next ascent. Can this bull run truly help SHIB claim $0.00007? Let’s find out.
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Shiba Inu: What’s Happening With The Token?
Shiba Inu is currently at $0.00002999, up 1% in the last 24 hours. With many solid predictions surrounding Bitcoin becoming viral on social circuits, the altcoin market also hopes to bank on the ongoing momentum to make the most out of the current influx. SHIB is no exception to this change. The token has noted an uptick of 22% in the last week, followed by documenting highs worth 77% in the last month.
Regarding the SHIB ecosystem expansion, Shiba Inu is currently busy exploring new projects and building its SHI stablecoin arena, followed by projects like SHIB DeFi, SHIB Marketplace, and SHIB Socials. At the same time, the token is also gearing up to launch its own Doggy DAO and projects like Woofvertise and Shib Identity to keep the users busy with new, thriving web3 elements.
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Can The Token Claim A New High Soon?
Per the technical analytical portal CoinCodex, Shiba Inu may surge to hit the $0.00007 price mark by June 2025. As year-end is approaching hard and fast, the current price of SHIB makes a lucrative dip to explore, as it may surge incredibly high in the middle of 2025.
However, for the month of December, SHIB may note a modest uptick of 3%, pushing the token to the $0.00002962 price spot.
“According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to rise by 3.56% and reach $ 0.00002962 by January 2, 2025. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 76 (extreme greed). Shiba Inu recorded 17/30 (57%) green days with 14.56% price volatility over the last 30 days. Based on the Shiba Inu forecast, it’s now a good time to buy Shiba Inu.”
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