Shiba Inu (SHIB) has dominated the canine-filled meme coin market for several years. The asset’s 2024 journey can be lauded for a lot of reasons. However, the one that stands out for the community is when SHIB entered the coveted top ten earlier this year. While the asset is no longer part of this group, it has recorded a notable spike in price over the past day.
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Shiba Inu’s Swift Price Recovery & Current Situation
Source: Watcher Guru
The second-largest meme coin faced a massive fall due to the advent of bears in the overall market. Earlier this week, SHIB was trading at a low of $0.00002054. However, the asset has surged by 7.85% throughout the past 24 hours. At press time, Shiba Inu was trading at $0.00002239.
Source: CoinMarketCap
Even though SHIB had a confusing start to the new year, supporters are still hopeful that 2025 will be a better year for cryptocurrency assets. In addition, there have been several forecasts about the potential rise of Shiba Inu for the upcoming year. Some have proposed a $100 billion market capitalization for SHIB.
The fate of the asset during this year remains uncertain. However, Shiba Inu’s prediction for the next couple of days is increasingly optimistic.
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Price Prediction
Source: CoinCodex
Data from prominent firm CoinCodex revealed that Shiba Inu will increase by 110.75% from its current price to its peak of $0.00004734 on January 06, 2025, during the course of the following five days. In addition, the price of the meme coin is expected to rise by 68% on January 5. The asset will reportedly be priced at $ 0.00003792 on this day.
It looks like the SHIB market is in for notable gains in the coming few days. The meme coin investors could be turning over a new chapter.
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