Shiba Inu (SHIB) has shown notable activity in the crypto market, with its price currently at $0.00003076, reflecting an 18.67% increase in 24 hours. This rally has been fueled by market momentum, where SHIB gained 44.49% over the past month and over 198% since late 2023, driven by broader market movements and bullish sentiment. However, the cryptocurrency market as a whole has faced volatility, influenced by Bitcoin's recent all-time high of nearly $100,000 before a correction. SHIB's performance aligns with this pattern, benefiting from short-term gains while remaining vulnerable to potential correction.
Market forecasts indicate continued volatility for SHIB. Analysts predict the price could rise to $0.0000492–$0.00005094 in the short term, translating to a significant rally from current levels. However, both CoinCodex and Changelly anticipate that these gains might be short-lived, with SHIB potentially retreating to current price levels by mid-December. As always, these predictions highlight SHIB’s speculative nature, appealing to traders but carrying inherent risks
