How far can SHIB price go in the short term?

The current situation shows notable growth in the price of SHIB. With an advance of 7.1% in the last 24 hours, reaching $0.00001, and an increase of 20.6% in the last week and 21.7% in the last month, SHIB is positioned in 16th place in the ranking of cryptocurrencies with a market capitalization of $5,915 million.

The short-term trend until December 19 or 20 is leaning slightly bullish.

The estimated price range is between $0.00000840 and $0.00001080

News in the Shiba Inu ecosystem

Shibarium, a Layer 2 solution for the Shiba Inu ecosystem, has seen an impressive 4,400% increase in transactions, reaching 748,230 transfers on the last day of November, the highest number since the network's launch. This increase has been positively reflected in the price of SHIB and other associated tokens, such as BONE and LEASH. Furthermore, the number of active users on the blockchain continues to grow, increasing considerably since the beginning of November.

Conclusion

Recent activity in the Shiba Inu ecosystem, particularly the notable increase in transactions and active users on Shibarium, suggests a promising future for SHIB. With a near-term bullish trend and growing investor interest, SHIB could be on track to hit new highs.