Shiba Inu is one of the leading cryptocurrency tokens that have charted their own independent identity in the web3 domain. The token is revered for its spectacular 2021 price rally that birthed millionaires and, at the same time, delivered remarkable profits that are still freshly preserved in the history of the cryptocurrency market. Will the token claim a new high before this year ends or before Christmas 2024? Let’s find out.
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Shiba Inu: What’s Happening Before The Year End?
Source – Token Metrics
Shiba Inu is one of the most popular cryptocurrency tokens that has taken the lead as crypto market momentum turns bullish. The fact that the token has surged nearly 72% in the last month speaks volumes about its unhinged popularity and stance. SHIB is currently sitting at $0.00002953 and is hoping to touch new price highs as it continues to attract significant market momentum.
Per the latest analysis presented by Javon Marks, Shiba Inu is currently in the process of confirming a major bull pattern, which may take the token to hit a new price high of $0.000081.
“$SHIB (Shiba Inu), after recently confirming another bull pattern, looks to be further joining the bull show as prices are now showing signs of MAJOR STRENGTH! With holding breakouts implying that the $0.000081 target is still in play, these prices can be subject to another >2.79X (179%+) from here to reach it. Shib’s story unfolds…”
However, SHIB’s current market stance largely depends on the overall strength of the crypto market. The fact that the market momentum is usually positive around holidays is one of the reasons that is keeping investors buzzing with excitement, hoping that they can witness a SHIB rally before the year-end.
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The Token’s Price Path Before Christmas and Before the End of 2024
As per CoinCodex, Shiba Inu may trade at $0.00002863 around Christmas 2024.
Image: CoinCodex
In addition to this, SHIB may hit $0.00003040 before the end of 2024.
Image: CoinCodex
“According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to rise by 3.03% and reach $0.00003040 by January 1, 2025. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 80 (extreme greed). Shiba Inu recorded 17/30 (57%) green days with 14.86% price volatility over the last 30 days. Based on the Shiba Inu forecast, it’s now a good time to buy Shiba Inu.”
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