Anticipated Surge in Shiba Inu Population How High Can SHIB Grow

CoinJewel.com Report:


In 2024, the Shiba Inu (SHIB) ecosystem has performed quite well. Over the past 12 months, this meme coin has skyrocketed by 137%, driving the asset to its annual peak of 0.00003592 USD. Despite this surge, SHIB is still 79% lower than its all-time high of 0.00008845 USD. Furthermore, the asset appears to be striving to eliminate zero.
Shiba Inu recovers from immersion
At the time of writing, the SHIB trading price is 0.0000179 USD, down 0.06% in the past 24 hours. Earlier today, the meme coin’s trading price dipped to 0.0000171 USD, but the asset price rose to a high of 0.0000180 USD.


Although October is considered a bullish month, the trend of Shiba Inu is rather slow. In this bearish atmosphere, the latest prediction from an analyst has rekindled optimism in the market.


According to experts, Shiba Inu coin has responded slightly well to hidden bullish divergence patterns, further indicating a significant price increase. The analyst stated that despite the ongoing market turmoil, meme coins are still preparing for expansion.
If the current breakout is sustained, the price target of 0.000081 USD will remain unchanged. Additionally, it could potentially rise by over 330% in the near future. Experts predict that Shiba may enter an early stage of substantial price continuation.
Shiba Inu winners continue to increase


According to data from IntoTheBlock, the percentage of Shiba Inu investors profiting from the current price of the asset is increasing. Currently, 52% of meme coin holders are making a profit. Meanwhile, those who have suffered losses are close behind. Approximately 43% of people are in a deficit.
If the Shiba Inu stock price rises by 330% in the short term, more investors will fall into the “profit” category.