Shiba Inu charts its identity, independent price trajectory as bullish momentum continues to support altcoins. As Bitcoin prepares for its meteoric rise to $100,000, bullish market momentum is helping coins like SHIB enjoy new energy and inflow, helping the token prepare for its next ascension. Can this bull run really help SHIB claim $0.00007? Let’s find out.
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Shiba Inu: what’s going on with the token?
Shiba Inu is currently at $0.00002999, up 1% in the last 24 hours. With many strong predictions that Bitcoin will go viral on social circuits, the altcoin market is also hoping to bank on the current momentum to make the most of the current influx. SHIB is no exception to this change. The token noted a 22% rise last week, followed by highs worth 77% last month.
Regarding the expansion of the SHIB ecosystem, 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 preparing to launch its own Doggy DAO and projects like Woofvertise and Shib Identity to keep users busy with new and thriving Web3 assets.
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Can the token reach a new high soon?
Through the technical analytics portal CoinCodexShiba Inu could reach the $0.00007 price mark by June 2025. With the end of the year fast approaching, the current SHIB price is a lucrative dip to explore as it could reach a high incredibly high in mid-2025.
However, for the month of December, SHIB could note a slight rise of 3%, pushing the token to the price of $0.00002962.
“According to our current Shiba Inu price prediction, the Shiba Inu price is expected to increase by 3.56% and reach $0.00002962 by January 2, 2025. According to our technical indicators, the current sentiment is bullish while l The fear and greed index shows 76 (extreme greed). Shiba Inu recorded 17/30 (57%) green days with price volatility of 14.56% over the last 30 days. Based on the Shiba Inu forecast, now is a good time to buy Shiba Inu.
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