Shiba Inu (SHIB) is known for its significant price surges. Although this meme coin has just entered the market, it has successfully attracted global attention. The rise of this asset over the past month has proven SHIB's growth rate. Therefore, it is not surprising that a 200% increase may occur in November.
Shiba Inu Returns to Action
Shiba Inu has been low-key after a recent surge. However, following the breakout, the meme coin has regained its vitality. Over the past 24 hours, SHIB has risen by more than 4%. As of the time of writing, the trading price of the meme coin is $0.0000248.
Against the backdrop of rising prices, SHIB's 24-hour trading volume has surged to a high of $1.46 billion. Previously, SHIB had soared by 28%. Given all these apparent bullish signs, overall market sentiment seems quite positive. According to CoinMarketCap data, the Shiba Inu community appears very optimistic about potential price surges. Out of 86,266 votes, 89% believe Shiba Inu may rise in the coming days, while 11% remain skeptical.
Price Prediction
According to data from Changelly, bulls are on the side of the Shiba Inu market. The second-largest meme coin is expected to have an average trading price of $0.0000399 in November. Additionally, the highest price for SHIB is $0.0000544. This represents a 202% increase compared to the current price level.
Over the past 30 days, Shiba Inu has successfully risen by nearly 40%. Despite a lackluster performance this week, SHIB's previous surge speaks volumes. This further indicates that the meme coin will be able to maintain this momentum and ultimately skyrocket by an astonishing 200%. The community will soon reap the benefits of investing in meme coins.
