The bullish momentum in the cryptocurrency market provides incredible support for various tokens. The market helped push XRP to new highs, which is incredible. Now, the token is performing well and is expected to maintain a healthy pace, as the market is now vying for Shiba Inu, with investor sentiment shifting towards when Shib will restore its strong price rise, mimicking the good times when the token soared on the price radar.
Shiba Inu: What’s next for SHIB?
Shiba Inu's current price is 0.00003019 USD, down 1% in the last 24 hours. The token has risen 17% over the past week and has reached a peak of 69% over the past month. Meanwhile, the Shiba Inu ecosystem is also tirelessly working to sustain its community's prosperity through new developments and project launches.
Shiba Inu marketing director Lucie has released the latest updates, sharing how the Shib ecosystem is continuously expanding with new projects in development ready to launch at any time. For instance, while discussing the token's roadmap for 2025, Lucie shared the upcoming SHIB DAO that is being prepared for launch by the end of 2024 or early 2025. The DAO will focus on the Shiba Inu community sentiment, helping the ecosystem carve out a new web3 trajectory.
"The SHIB Doggy DAO Foundation will legally manage the DAO, ensuring that community decisions are correctly executed. It will manage assets like the Doggy Treasury, preventing any misallocation in the future and providing transparency and security. This initiative shows the world that Shib is not just a project, but a serious participant with a long-term vision."
Similarly, projects like ShibaHub, SHIB social, SHIB markets, and SHIB DeFi are among the noteworthy projects that the ecosystem looks forward to launching to improve SHIB's price and future.
Token price trend: When will it reach 0.00005 USD?
According to CoinCodex, the price of Shiba Inu could stabilize at 0.00003211 USD by December 31.
"According to our current Shiba Inu price prediction, by December 31, 2024, the price of Shiba Inu is expected to rise by 2.96%, reaching 0.00003211 USD. Based on our technical indicators, current sentiment is bullish, and the Fear and Greed Index shows 81 (extreme greed). Shiba Inu recorded 16/30 (53%) green days in the past 30 days, with a price volatility of 14.72%. According to Shiba Inu predictions, now is a good time to buy Shiba Inu."
However, by May 2025, the price of the token will reach 0.00005 USD.
