Shiba Inu is one of the leading cryptocurrency tokens and has established its own identity in the web3 space. The token is highly regarded for its remarkable price surge in 2021, which created millionaires and brought astonishing profits that are still fresh in the history of the cryptocurrency market. Will the token reach new highs before the end of this year or before Christmas 2024? Let's find out.
Shiba Inu: What will happen before the end of the year?
Shiba Inu is one of the most popular cryptocurrency tokens, and as the crypto market momentum turns bullish, the token has taken the lead. The token has surged nearly 72% in the past month, which clearly demonstrates its crazy popularity and position. The current price of SHIB is $0.00002953, and as it continues to attract massive market momentum, it is expected to set new highs.
According to the latest analysis by Javon Marks, Shiba Inu is currently in the process of confirming a major bull market pattern that could push the token price to a new high of $0.000081.
"$SHIB (Shiba Inu) has recently confirmed another bull market pattern and seems set to further join the bull market as the price now shows strong signs! If the breakout is maintained, it means the target of $0.000081 is still in play, and from now on, these prices could rise another 2.79 times (over 179%). The story of Shib is unfolding..."
https://twitter.com/JavonTM1/status/1863027463988637923?t=rQf8pepu-RMS
However, SHIB's current market position largely depends on the overall strength of the cryptocurrency market. Market momentum during the holiday season is usually positive, which is one of the reasons that excites investors who hope to see SHIB rebound before the end of the year.
Token price trends before Christmas and by the end of 2024
According to data from CoinCodex, the trading price of Shiba Inu may be around $0.00002863 around Christmas 2024.
Additionally, SHIB may reach $0.00003040 before the end of 2024.
"Based on our current Shiba Inu price prediction, the price of Shiba Inu is expected to increase by 3.03% by January 1, 2025, reaching $0.00003040. According to our technical indicators, the current sentiment is bullish, while the Fear and Greed Index shows 80 (extreme greed). Shiba Inu has recorded 17 out of 30 (57%) green days in the past 30 days, with a price volatility of 14.86%. According to Shiba Inu predictions, now is a good time to buy Shiba Inu."
