$SHIB #shiba⚡ Dog meme-coin Shiba Inu ($SHIB ) is rising in the cryptocurrency rankings by market capitalization. Currently, the meme-coin is in 12th place, and crypto analysts believe that the trajectory of the meme-coin could soon propel it into the top-10 cryptocurrencies by market capitalization.

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SHIB has gained momentum since the beginning of the fourth quarter of 2024 and has continued steady growth up to the time of writing this article. In terms of price, the value of SHIB rose from a low of August 5 at $0.00001079 to $0.00003318 on December 1, before pulling back slightly and trading at $0.00003090 at the time of writing, according to TradingView data.

This rally reflects a 208% surge, during which the meme-coin broke through several resistance levels. An assessment of the cryptocurrency price chart shows the next resistance at $0.00004575, the yearly high reached in the first quarter of 2024.

Despite the impressive price growth of SHIB, the increasing market capitalization of the meme-coin has attracted the attention of crypto analysts. CoinMarketCap data shows a steady increase in SHIB's market capitalization since the beginning of September. $BTC