The price increase of $SHIB is mainly driven by several factors. First, SHIB's market activity has increased significantly, especially with the upcoming "Uptober", which is traditionally considered a rising month for cryptocurrencies, and investor sentiment has become more optimistic​

Secondly, the Shiba Inu development team has launched a series of ecosystem updates, especially the upcoming "Shibarium" blockchain and SHI stable currency. These new features are believed to enhance the utility and value of SHIB, further attracting investors attention

In addition, Shiba Inu Coin has seen a recent surge in on-chain activity, with a significant increase in buying behavior from whale accounts, indicating that interest in the token is rising among large investors. This increase in demand, combined with positive market trends, provides a solid foundation for SHIB price increases. Analysts predict that SHIB may break through the key resistance level of $0.000020 in the coming weeks, ushering in new upside opportunities