The recent trading price of Shiba Inu is $0.00002, failing to record any notable price surge. The reason SHIB has not climbed to higher price levels is due to Bitcoin, as the market is currently facing bearish momentum, with Bitcoin dropping below $107,000, currently at $99,000 at the time of writing. Will SHIB show some significant price momentum before the end of 2024? Let's find out.
Shiba Inu: Latest Updates and Price Trends
Shiba Inu's current price is $0.00002205, down 8% in the last 24 hours. After a brief breach of the $107,000 price point, Bitcoin fell below the $100,000 threshold, leading to a sharp decline in the token's price. However, the current drop in SHIB's price has not dampened the enthusiasm of its community, which is still vying for SHIB to reach its peak price point.
Can Shiba Inu reach $100 billion?
Recently, SHIB's marketing director Lucie introduced Shibarium and explained how the ecosystem has become the core of SHIB token growth. Lucie detailed this development on X and added how Shibarium helps SHIB gain new momentum and strength in the market.
Speaking of specifics, Lucie shared how Shibarium has helped to burn $1.5 million worth of SHIB while reducing transaction costs, making it accessible for everyone to use SHIB. Additionally, SHIB's marketing director shared how Shibarium helps lay the foundation for 'the future utility of SHIB', further enhancing the token's strength.
That's a great question! Shibarium has already had a significant impact on $SHIB, including: burning over $1.5 million worth of $SHIB, directly reducing the circulating supply and increasing scarcity. Enabling low-cost transactions, allowing trades for just a few cents, and making $SHIB more accessible for everyday use. Laying the groundwork for future utilities (like staking and governance systems), which will further strengthen the ecosystem.
Token price predictions before the end of 2024
SHIB may soar to $0.00003025 by December 31, 2024.
By mid-January, the token may soar by 2%, reaching an average price of $0.00002247.
According to our current Shiba Inu price prediction, the price of Shiba Inu is expected to rise by 2.63%, reaching $0.00002247 by January 19, 2025. Based on our technical indicators, the current sentiment is bearish, while the Fear and Greed Index shows a score of 74 (Greed). Shiba Inu recorded 15 out of 30 (50%) green days in the last 30 days, with a price volatility of 8.71%. According to Shiba Inu predictions, now is not a good time to buy Shiba Inu.
