Will Shiba Inu (SHIB) reach a new all-time high in 2024?
Many analysts expect a bull run for the cryptocurrency market sometime in early 2024. Bitcoin (BTC), the original crypto, will undergo its halving in April of next year. Moreover, many anticipate that the US SEC (Securities and Exchange Commission) may approve a spot BTC ETF (Exchange Traded Fund) in 2024. Both developments could push BTC to new heights in 2024. If Bitcoin (BTC) hits new highs, other altcoins and memecoins may also follow its pattern and hit new all-time highs.
Furthermore, SHIB developers are working on new projects for the asset. The SHIB team is working on a new stablecoin and a reward token. Developers are also designing a new burn mechanism rumored to incinerate trillions of SHIB tokens yearly. The new launches could also help SHIB’s price to attain new heights.
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