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Shiba Inu (SHIB)the meme-inspired cryptocurrency, ended 2024 on a high note, remaining above the key price of $0.00002. This level, both psychological and technical, could mean more than just an end-of-year victory. This could be the new minimum price floor for the token in early 2025.
SHIB climbed steadily throughout 2024, ending the year with a solid 104.44% growth. It started just above $0.00001036 and then rose to eventually rise above $0.00002.
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SHIB’s past performances tell an interesting story. Most years ended well, except for 2022, where it fell 75.8%, which is a bit disappointing. That year was an anomaly in an otherwise solid record. Subsequent years have seen further gains: 27.8% in 2023, an impressive 2,665% in 2021, and now another triple-digit percentage increase in 2024.
This upward trend is not perfect, but it shows that the Shiba Inu Token can bounce back and grow even after an 80% correction. The fact that the price has been able to stay above $0.00002 at the end of each year makes it seem like this could become the new benchmark, giving more confidence to long-term holders.
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It’s not just about making money; it’s about staying strong. The new year starts with this token meme in a pretty interesting place. It has strong price support, has performed well over the past year, and its trajectory has been mostly upward.
It is unclear whether $0.00002 will become the new minimum for SHIBbut it seems that the conditions are right for the token to continue its momentum. As we approach 2025, it’s all about sustainment.