Shiba Inu is charting its identity, an independent price trajectory, as the bullish momentum continues to support altcoins. As Bitcoin prepares for a surge to $100,000, the market's bullish trend is helping coins like SHIB immerse themselves in energy and new capital flows, positioning this token for the next price increase. Will this rally actually help SHIB reach $0.00007?
Shiba Inu: What is happening with this Token?
Shiba Inu is currently at $0.00002999, up 1% in the past 24 hours. With many predictions surrounding Bitcoin becoming viral on social networks, the altcoin market is also hoping to rely on the ongoing bullish momentum to make the most of the current cash flow. SHIB is no exception to this change. The token has recorded a 22% increase over the past week, followed by a peak of 77% in the past month.
Regarding the expansion of the SHIB ecosystem, Shiba Inu is currently busy exploring new projects and building its SHI stablecoin arena, followed by projects like SHIB DeFi, SHIB Marketplace, and SHIB Socials. At the same time, this token is also preparing to launch its own Doggy DAO and projects like Woofvertise and Shib Identity to keep users engaged with new web3 components, thriving.
Can this Token soon reach new highs?
According to the technical analysis portal CoinCodex, the price of Shiba Inu could soar to $0.00007 by June 2025. As the year comes to an end, the current price of SHIB will have an attractive decline to explore, as the price could skyrocket remarkably by mid-2025.
However, in December, SHIB may record a modest increase of 3%, pushing the price of this token up to $0.00002962.
"According to our current price prediction for Shiba Inu, the price of Shiba Inu is expected to increase by 3.56% and reach $0.00002962 by January 2, 2025. According to our technical indicators, the current sentiment is optimistic while the Fear & Greed Index is showing 76 (extreme greed). Shiba Inu recorded 17/30 (57%) green days with a price volatility of 14.56% over the past 30 days. Based on the forecast for Shiba Inu, now is a good time to buy Shiba Inu."
