Shiba Inu [SHIB], the prominent canine-themed meme coin, has been marketed widely as the “Dogecoin Killer.” The asset has managed to prove its capability time and again. As the market advances through June 2024, the community is anticipating a notable price surge for Shiba Inu. This certainly follows a growth rate of 13% in May. This positive outcome is particularly striking when contrasted with the same period last year. During this time SHIB noted a 15.4% decline during the overall market dip.
As of early June 2024, Shiba Inu’s price is around $0.0000232. This shows a modest 0.68% increase over the past 24 hours. Despite this, the token has also encountered declines in other key time frames. For instance, the meme coin saw a 7% drop over the past week and a 0.82% dip over the past month. This undoubtedly reveals a mixed notion in the SHIB market.
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What’s in for SHIB This June?
From the above data, it can be concurred that Shiba Inu had a rocky start to June. However, the remainder of the month could be optimistic. Analysts predict that SHIB could experience a significant surge by mid-June. According to Changelly, the meme coin could potentially surge by 30% from its current level to $0.00003232.
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An array of factors come into play if SHIB has to climb the charts. This includes market trends, technological developments, investor sentiment, market liquidity, trading volume, and regulatory climate. Additionally, since Shiba Inu is a community-driven network, overall community support also matters for the asset to see an uptick. Whether the coin will achieve or exceed the $0.00003232 target remains to be seen; the potential for the rally certainly exists.