Shiba Inu Coin (SHIB) Stunning Counterattack: Aiming at $0.0000998 in 2025, is the feast of wealth about to begin?
Shiba Inu (SHIB), the second-ranked meme coin in the cryptocurrency field, has fallen 6.30% in the past 24 hours after hitting a daily high of $0.0000261.
SHIB's decline echoes the plunge in the entire cryptocurrency market, and even Dogecoin (DOGE) has fallen 5.83% in the same period.
However, even at a relatively low price, bullish predictions for SHIB continue to emerge.
SHIB's trading price first rebounded from a daily low of $0.00002282 to $0.00002401.
Although the digital asset has fallen 72.83% from its all-time high of $0.00008845 three years ago,
In the past 24 hours, the destruction rate of SHIB tokens has jumped by 69.28%, with a total of 6.18 million tokens destroyed. Overall, 410 trillion SHIB tokens have been destroyed out of its total supply.
Generally speaking, the more SHIB tokens are destroyed, the more likely it is that its price will rise sharply.
With a current market value of $14.15 billion and a 130.01% increase in price since December 2023, Shiba Inu Coin (SHIB) is still a relatively outstanding performer in the market. However, the relative strength index (RSI) in the daily chart below shows a value of 40.61, which indicates that the bears are in control of the price trend.
