Will Shiba Inu (SHIB) hit $0.00005 this weekend?

SHIB has transformed from a meme coin joke to a serious contender in 2024, rallying over 450% from its January lows to a mid-February peak of $0.000045. While still below its 2021 high, this rally signals renewed optimism.

Currently at $0.000030 after consolidation, SHIB seems poised for a potential breakthrough. The key question: Can it surpass $0.00005 this weekend?

Historically, SHIB's surges often followed Bitcoin's highs. Yet, sustaining these moves relies on more than Bitcoin's rise. While developers work on adoption and tokenomics, achieving lasting gains without impactful announcements remains uncertain.

A hype-driven surge might briefly push SHIB to $0.00005, but sustaining it without significant development is doubtful. Traders should be cautious around psychological thresholds if Bitcoin's rally falters. Nonetheless, Shiba Inu aims to surpass its all-time high in 2024.

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