Shiba Inu (SHIB) continues to prove its presence in the list of popular cryptocurrencies, but the volatility witnessed by the markets makes it necessary to evaluate trends and future movements with caution. In this article, we will take a look at the current status of the coin, the factors affecting its performance, and professional recommendations for investors.
Current SHIB Performance
In December 2024, SHIB’s value fell by 5.66% in 24 hours to $0.00003001. Despite this decline, data shows that SHIB still maintains high popularity among investors and the digital community, with trading volumes increasing during certain periods.
Factors affecting SHIB price
1. Launch of Shibarium: The Shibarium layer-2 platform is a major step forward for Shiba Inu, providing technologies that support faster and lower-cost transactions. Additionally, the integration with Shibaswap increases the usability of the coin.
2. General market trends: The digital market is affected by major events such as the US Federal Reserve’s interest rate cut, which may revive cryptocurrency investments in general, including SHIB.
3. Global economic developments: Economic tensions or positive regulatory laws may boost investment momentum in cryptocurrencies.
Future expectations
2024: SHIB price is expected to move in a mid-range of $0.000031, with bullish opportunities based on Shibarium developments and the expansion of the coin’s uses.
2025: The coin could reach $0.000072, especially with the “Bitcoin Halving” effect expected to support the market rally.
Investment recommendations
1. Technical Analysis and Data: Monitor indicators such as RSI and MACD to determine optimal entry and exit points. Currently, the RSI is indicating an oversold level, which could be a short-term buying opportunity.
2. Gradual investment: Given the volatility of the market, it is preferable to invest gradually rather than injecting a large amount of capital all at once.
3. Expand your portfolio: Avoid total dependence on SHIB and diversify your investments into other currencies with strong market cap.
4. Monitor developments: Keep an eye on Shibarium updates and Shiba Inu partnerships, which can positively impact the price.
a summary
SHIB remains an attractive investment option, but success with it requires a well-thought-out investment strategy. Relying on technical analysis and following the technical and societal developments of the currency will enhance the chances of making profits. Always remember that investing in digital currencies carries high risks, so it must be done with caution and after careful study.