Shiba Inu (SHIB) the second-largest meme coin slipped down from the coveted top ten list. The asset managed to emerge as the tenth-largest cryptocurrency during the recent rally. But things took a different turn for SHIB as it currently stands as the 14th largest cryptocurrency with a market cap of $15.06 billion. It is worth noting that the meme coin has continued to maintain itself over the $0.00002500 zone. Can SHIB end this bullish month on a good note?
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Shiba Inu Dips By 5%
After surging all the way to a high of $0.00003031 earlier this month, SHIB was seen taking a backseat. The meme coin recorded a setback during the weekend. At press time, Shiba Inu was trading at $0.00002557 following a 4.82% drop over the past 24 hours.
The asset’s latest drop caused slight havoc in the SHIB market. According to data from IntoTheBlock, the total percentage of holders making money at SHIB’s current price dropped to 62%. About 29% of Shiba Inu investors were currently facing a loss.
But it should be noted that SHIB managed to surge by over 50% throughout the month. As November comes to end this week, the community is hoping that SHIB will close the month on a bullish note.
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Price Prediction
According to data from CoinCodex, Shiba Inu will shock the market with its price surge towards the end of this week. The firm revealed that SHIB will rise by a staggering 109% and trade at $0.00005358 on November 30. In addition, a day before the asset is expected to be priced at $ 0.00005427. It seems like Shiba Inu’s current bearish state is rather temporary as the asset is about to experience an upward trajectory throughout the next couple of days.
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