Shiba Inu (SHIB), the second largest coin, has slipped from the coveted top ten list. The asset managed to become the tenth largest cryptocurrency during the recent rally. However, things have taken a different turn for SHIB as it is currently the 14th largest cryptocurrency with a market capitalization of $15.06 billion. It is worth noting that the meme coin continued to hold above the $0.00002500 zone. Can SHIB end this bullish month on a good note?
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Shiba Inu dives 5%
After hitting a high of $0.00003031 earlier this month, SHIB was seen taking a back seat. The meme coin suffered a setback over the weekend. At press time, Shiba Inu was trading at $0.00002557 after a 4.82% decline over the past 24 hours.
The latest drop in the asset caused slight damage to the SHIB market. According to data from In the blockthe total percentage of holders making money at SHIB’s current price has fallen to 62%. Around 29% of Shiba Inu investors were currently facing a loss.
But it is worth noting that SHIB managed to increase by more than 50% throughout the month. As November comes to a close this week, the community is hoping that SHIB will close out the month on a bullish note.
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Price prediction
According to CoinCodex data, Shiba Inu is going to shock the market with its price rise towards the end of this week. The company revealed that SHIB will rise by 109% and trade at $0.00005358 on November 30. Additionally, a day before, the asset should be valued at $0.00005427. It appears that Shiba Inu’s current bearish state is rather temporary, as the asset is poised to experience an upward trajectory over the coming days.
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