Optimism is not solely based on the bold predictions of analysts. Since September, Shiba Inu($SHIB
has seen its capital soar from $7.57 billion to $19.41 billion, boosting its total capitalization to $18.28 billion in December. This spectacular increase of 208% in 2024 shows the persistent enthusiasm of investors.
Shiba Inu benefits from its resilience and its engaged community. The memecoin appeals to meme crypto enthusiasts, attracting new capital and consolidating its position in the altcoin market.
It remains to be seen whether this dynamic will hold despite the regular shocks affecting the entire crypto market.
But if Shiba Inu has recently dropped, it is the result of an unstable market and doubts about its sustainability. However, analysts like Dollars Maker are betting on its revival, provided the community remains true to its flair.
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