đ SHIB price rockets 14% in a day amid stablecoin hype
Shiba Inu (SHIB), a popular meme-based altcoin, has experienced a very notable price surge in the last 24 hours. The asset is in the middle of a rally that has driven prices up by 14.40% at press time.
The marketing lead of SHIB, âLucieâ, revealed that a stablecoin for the Shibarium ecosystem was in the works in an X post earlier today.
Apart from this notable increase, SHIB is up 21.61% on the weekly chart, 19.29% on the monthly chart, and 65.94% year-to-date (YTD).
Even before this announcement, both ChatGPTâs advanced 4o model and analysts such as Alan Santana projected significant increases in price in 2025.
Whereas the AI model opined that a major technological development coupled with a bull market could see SHIB reaching $0.01 in 5 to 10 years, Santana outlined a chart detailing a path to a new all-time high of $0.00023179, which would equate to an increase of 1,640.16% compared to SHIBâs price at press time.
For the time being, Shiba Inu is likely to remain significantly in the green â although impossible to time and predict, traders would be wise to keep track of any announcements made regarding the upcoming stablecoin.