🔥🔥🔥Shiba Inu skyrocketed 208% this year, sparking predictions for the top ten cryptocurrencies in 2025

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The dog-themed meme coin Shiba Inu (SHIB/USD) surged 208% in 2024, with a market capitalization of $18.28 billion, ranking 12th. Since the beginning of the fourth quarter of 2024, the SHIB price has continued to rise, with analysts predicting it could enter the top 10 cryptocurrencies by market capitalization.

The SHIB price increased from a low of $0.00001079 on August 5 to $0.00003318 on December 1, before retracting to $0.00003090. This rebound has broken through multiple resistance levels, with the next resistance level at $0.00004575. SHIB's market capitalization has been steadily increasing, rising from $7.57 billion since September to $19.41 billion by December 5.

Analysts believe that SHIB's strong momentum may surpass Avalanche (AVAX/USD), entering the top ten cryptocurrencies. AVAX currently ranks 11th, with a market capitalization of $21.28 billion.

The surge in Shiba Inu's market capitalization demonstrates the growing popularity of meme coins in the cryptocurrency market. If Shiba Inu continues this momentum, it may break into the current rankings and secure a spot among the top ten cryptocurrencies, further solidifying the position of meme coins in the cryptocurrency space.

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