Shiba Inu Price Prediction as SHIB Spikes Up 6% as Attention Returns to Meme Coins – Time to Buy?
The SHIB price has raised 7.55% in the past 24 hours, increasing to $0.000026. This comes as the crypto market as a whole has experienced a surge.
SHIB is now up 9.96% in the past week, indicating a reversal of its monthly 2.56% price decrease.
In the past year, the altcoin has seen a substantial return of 192.05%, as per Binance data.
This is significant compared to the returns of major tokens like BTC, ETH, and SOL in the past 12 months. Suggesting that SHIB is seeing widespread interest among investors.
This recent price action follows the return of 2021 market catalyst Roaring Kitty, the trader known for sparking the GameStop frenzy as well as promising news emerging regarding an Ethereum ETF approval this week.
