Shiba Inu surges 42% in just seven days, hitting a five-month high of $0.00002304.
The coin’s recent rally follows a 70% decline earlier this year.
Analysts, including SHIB Knight and Oscar Ramos, forecast further gains, with an all-time high in sight.
Meme coins like Shiba Inu are rapidly stealing the spotlight as Bitcoin confidently approaches the $80,000 price level. In the last 24 hours, Shiba Inu has surged by over 20%, establishing an intraday peak of $0.00002304. Notably, Shiba Inu was last seen in the $0.000023 range five months ago, in June.
Shiba Inu Rallies 42% in Just Days
Just last week, Shiba Inu traded at a low of $0.00001626. Now, having broken a five-month high at $0.00002304, SHIB has staged an impressive 42% price surge over the past seven days.
This latest development continues the uptrend Shiba Inu began in the last week of September. For context, between September 23 and 30, Shiba Inu traded as low as $0.00001429 but rallied to $0.00002156 before the week ended, representing a growth of 50.87%. This rally followed a long downtrend since March, during which its value had dropped by over 70%.
Shiba Inu lost further momentum after …
The post Shiba Inu Skyrockets 42%, Breaks Five-Month High; Analysts Project $0.0000884 All-Time High Next appeared first on Coin Edition.
