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Shiba Inu will reach $1 The latest news about Shiba Inu (SHIB) in December 2024 shows some positive signals as well as challenges:
1. Price potential: Some experts predict that SHIB could increase by more than 300% based on technical indicators, such as “Hidden Bullish Divergence”. This reflects increasing buying pressure, even as prices adjust. The target price is set at $0.000081, which is 75% higher than the peak in 2024【10】【11】.
2. Shibarium ecosystem: The Layer 2 blockchain platform of Shiba Inu is being used to enhance transaction speed and reduce costs. This attracts attention from the community, especially in expanding the usage potential of SHIB【12】.
3. Community support: Shiba Inu continues to maintain its position among the top cryptocurrency projects rated as safe, with a high security score from CertiK, contributing to increased investor confidence【12】.
4. Market movement: The price of SHIB is currently hovering around $0.00002783, slightly decreasing in the short term but still recording a 47% increase over the past month, indicating strong interest from investors【10】【13】.
However, the price of SHIB is still heavily influenced by overall market sentiment and the potential for token burning to reduce circulating supply. Investing in SHIB requires careful consideration of risks and thorough research.
$SHIB
1. Price potential: Some experts predict that SHIB could increase by more than 300% based on technical indicators, such as “Hidden Bullish Divergence”. This reflects increasing buying pressure, even as prices adjust. The target price is set at $0.000081, which is 75% higher than the peak in 2024【10】【11】.
2. Shibarium ecosystem: The Layer 2 blockchain platform of Shiba Inu is being used to enhance transaction speed and reduce costs. This attracts attention from the community, especially in expanding the usage potential of SHIB【12】.
3. Community support: Shiba Inu continues to maintain its position among the top cryptocurrency projects rated as safe, with a high security score from CertiK, contributing to increased investor confidence【12】.
4. Market movement: The price of SHIB is currently hovering around $0.00002783, slightly decreasing in the short term but still recording a 47% increase over the past month, indicating strong interest from investors【10】【13】.
However, the price of SHIB is still heavily influenced by overall market sentiment and the potential for token burning to reduce circulating supply. Investing in SHIB requires careful consideration of risks and thorough research.
$SHIB