There hasn't been a major cryptocurrency rally or bull cycle so far that hasn't involved meme coins, and Shiba Inu (SHIB), as one of the most notable such cryptocurrencies, is well positioned to take advantage of the October bull.
New, smaller #meme coins can probably benefit more than established tokens like #SHIB , but they also carry much greater risks. They have no track record, and are susceptible to insider trading and manipulation.
In addition, despite being well below the 2024 high, SHIBs have significant momentum and upside in their recent uptrend, rising 32.89% in 30 days to USD 000001847.
n Once again, while Finbold's September 30 technical analysis rates SHIB as a buy, it's worth noting that the token recently rejected a breakout and traded in the early hours of Monday.
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