Shiba Inu Coin (SHIB) soars to 1.02 trillion, is the next get-rich-quick myth coming?

At the start of this year, SHIB was only $0.00002, but it has steadily risen, reaching a high of $0.00002425 today, with hopes of achieving a three-day rise, and investor optimism is increasingly high.

As the New Year arrives, the larger cryptocurrency market is also significantly warming up.

Numerous digital asset prices are rising, and the renewed enthusiasm of investors seems to be driving the entire industry upward.

Altcoins like Shiba Inu Coin are performing brilliantly. Compared to Bitcoin, altcoins have greater volatility and often contain larger short-term profit opportunities, thereby propelling the current upward trend.

In the price range of $0.000022 to $0.000024, approximately 1.0257 trillion SHIB tokens have been acquired, involving 80,900 addresses, with an average acquisition cost of $0.000023.

Currently, the trading price of Shiba Inu Coin is $0.00002425, slightly above this range. Although it has broken through this small obstacle, there is still an important 'checkpoint' ahead, specifically the $0.000024 to $0.00003 region.

During this period, 207,630 addresses hold over 700 trillion SHIB tokens, indicating that if further increases are desired, significant challenges may lie ahead.

If the price falls back, Shiba Inu (SHIB) has a solid support in the $0.000019 to $0.000022 range.

Data shows that within this range, 47,250 addresses are hoarding approximately 287.7 trillion SHIB tokens, meaning when selling pressure increases, it can remain steady as a rock.

At the beginning of 2025, the cryptocurrency market is looking positive, creating a favorable growth environment for assets like Shiba Inu Coin.