Given the broader crypto market rebound, Shiba Inu ($SHIB
) has seen some metrics display very bullish sentiment. In the last 24 hours, #SHIBŰ trading volume has surged by approximately 64.29% and currently sits at $371.97 million.
SHIB could head toward $0.0001
Most traders consider trading volume the most vital metric for valuing a particular coin. A spike in #tradingvolume usually indicates that tradersâ interest in the asset is growing. Rising prices accompanied by increasing volume suggest strong buyer confidence. This is the case with SHIB, especially after the token registered a 5.74% increase in price in the past 24 hours.
#ShibaInu: may eventually lose at least one of its zeros if this trend continues. This means that the SHIB crypto could trade at $0.0001. Some analysts are already eyeing the possibility of up to a three-digit price gain for the token. Based on the token's price history presented by #CryptoRank , the historical return for the crypto market's second-largest asset in the meme coin sector in October is 213.2%. The meme coin has made such a notable surge in the past. In October 2021, the SHIB price recorded a single-month surge of 833.6%. Therefore, the #SHIBCommunity is anticipating a recurrence of that massive price gain.
