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| Can Shiba Inu (SHIB) Hit $0.00005 This Week? |

Shiba Inu ($SHIB ), the second-largest meme coin, has recently garnered significant attention in the cryptocurrency market. SHIB is often considered a serious contender compared to Dogecoin. However, the token has demonstrated a notable performance in 2024 thus far.

Currently trading around $0.00002871 after a period of consolidation, SHIB seems to be positioned for its next potential price movement. The question remains whether the token possesses sufficient fundamental support to push its value above the psychologically significant level of $0.00005 this week.

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