Shiba Inu (SHIB) has dominated the dog meme currency market for years. The asset’s 2024 journey can be lauded for many reasons. However, the one that stands out to the community is when SHIB entered the coveted top 10 earlier this year. While the asset is no longer in that group, it has seen a significant price increase over the past day.

The Rapid Recovery of Shiba Inu Prices and Current Situation

The second-largest meme coin has seen a major decline as bears have taken over the market. Earlier this week, SHIB was trading as low as $0.00002054. However, the asset has gained 7.85% over the past 24 hours. At press time, Shiba Inu was trading at $0.00002239.

Despite the rocky start to the year for SHIB, supporters remain hopeful that 2025 will be a better year for crypto assets. There have also been some predictions about Shiba Inu’s potential price appreciation in the coming year. Some have suggested a $100 billion market cap for SHIB. The asset’s fate this year remains uncertain. However, Shiba Inu’s predictions for the next few days are increasingly optimistic.

Data from the popular CoinCodex company reveals that Shiba Inu will increase by 110.75% from its current price to a peak of $0.00004734 on January 6, 2025, in the next five days. Additionally, the price of this meme coin is expected to increase by 68% on January 5. The asset is expected to be worth $0.00003792 on that day. It seems that the SHIB market will see a significant increase in the next few days. Meme coin investors may be entering a new chapter.

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