Shiba

Cryptocurrency

Dogecoin

Shiba Inu

Time

<div class="finbold"> 
 <p class="paragraph">As the cryptocurrency market enters a bullish cycle, led by its representative asset, Bitcoin (BTC), which has recently crossed the $43,000 barrier, Shiba Inu (SHIB) is also making strides, finally surpassing the psychologically important level at $0.00001. So, is it too late to <a rel="dofollow" title="invest" href="https://thebittimes.com/tag/invest.html">invest</a> in it?</p> 
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 <p class="paragraph">Indeed, SHIB has become one of the major “dog coins” to make a breakout earlier this week, in addition to Dogecoin (DOGE) and Floki (FLOKI), as stock and cryptocurrency analyst Jake Wujastyk observed, accompanied by a significant spike in trading volume, as Finbold reported on December 6.</p> 
 <figure class="wp-block-image aligncenter is-resized">
  <img decoding="async" loading="lazy" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/MrmOL2dRkcP-QQmdAiinBrmmewaY-_IsVQy9NSdfTmZgyprpRFsOX7QuQNoXT1zOqcbNBwcpr_NVCCxPMQwVgzE6_X8mPYIaQUzcxobSMIY0PzQdxSniMvzEEIm8PX49Uiwl7RruRFBQqouz6pCp8n0" alt width="834" height="463">
  <figcaption class="wp-element-caption">
   <em>SHIB price action analysis. Source: </em><em>Jake Wujastyk</em>
  </figcaption>
 </figure> 
 <h2 class="wp-block-heading" id="h-optimistic-indicators">Optimistic indicators</h2> 
 <p class="paragraph">Furthermore, indicators suggest the potential for further bullish growth of this cryptocurrency, aided by an intense burning mechanism reducing the supply of Shiba Inu in circulation and other positive on-chain trends, such as the number of transactions on the layer-2 blockchain Shibarium soaring to nearly 59 million.</p> 
 <p class="paragraph">It is also worth noting that the amount of daily transactions has soared from a mere 16,630 on November 29 to the current number of 7.69 million, which represents an impressive increase of 46,141.7%, according to the data retrieved from the Shibarium explorer <em>Shibariumscan </em>on December 8.</p> 
 <figure class="wp-block-image aligncenter">
  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/CtdS7F2KhfULdD3NmWnb1_i8Qz_HoXgYxwzITm56dHZOYB2S6YlzKMD03wTGih_yruOIF811bz9Rfci3wTWTXYCPHD0Nv1yiAEbq4W2GaqcYQJqPlGynKvq3B54l6gZGHaocir5fpoTZS9lUePawvZA" alt>
  <figcaption class="wp-element-caption">
   <em>Shibarium daily transactions. Source: </em><em>Shibariumscan</em>
  </figcaption>
 </figure> 
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       <h3 class="font-bold leading-6 " id="shib-is-breaking-out-time-to-buy-shiba-inu"> SHIB is breaking out; Time to buy Shiba Inu? </h3> 
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 <p class="paragraph">On top of that, Shibarium has also seen a sharp rise in average gas fees, soaring to 2,358.67 Gwei as of December 7, which represents an increase of 140,716% from 1.68 Gewi on December 1, suggesting heightened adoption and growing use within the SHIB ecosystem.</p> 
 <figure class="wp-block-image aligncenter">
  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/akR20tHsKs7qRAt2iESw7poKue3TzK2-C_bVTMfOOxB4E_mvEPNCyIa7LAuo1za7OTss49m8RzoR4ekQm17tRcxYilniVsfn2RbvciPK7b28bxfemcth2K0si8JpNoRFTgqW7EYvezjf6aGgcjfx3SQ" alt>
  <figcaption class="wp-element-caption">
   <em>Shibarium average gas price. Source: </em><em>Shibariumscan</em>
  </figcaption>
 </figure> 
 <h2 class="wp-block-heading" id="h-shiba-inu-price-analysis">Shiba Inu price analysis</h2> 
 <p class="paragraph">Meanwhile, this crypto asset was at press time changing hands at the price of $0.00001004, recording an increase of 4.45% on the day, a more significant gain of 20.82% across the week, as well as advancing as much as 22.23% in the last month, and over 40% in the last 60 days, as the most recent charts suggest.</p> 
 <figure class="wp-block-image aligncenter">
  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/qHTXCTxdruMLh49ApPXAT2dpNnmRChI02Y_C732STKNcBM5o0yY_ZibKsTuGHg1Dl9An_0aUN94KBVP-V2EK4eiDnI-4B_0_q2jt01QreWE28tVnub41zsXiTgjBXbcn-otfeQEf3RBr3m7Velwmzqk" alt>
  <figcaption class="wp-element-caption">
   <em>SHIB 30-day price chart. Source: </em><em>Finbold</em>
  </figcaption>
 </figure> 
 <p class="paragraph">All things considered, it is probably not too late to <a rel="dofollow" title="invest" href="https://thebittimes.com/tag/invest.html">invest</a> in Shiba Inu, but it might take off further soon, particularly as altcoins are about “to go ballistic,” as crypto trading expert Michaël van de Poppe stated, and crypto market analyst <em>Crypto Tony </em>said that “altseason is inevitable” (with possible pullbacks as part of the process).</p> 
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered <a rel="dofollow" title="invest" href="https://thebittimes.com/tag/invest.html">invest</a>ment advice. Investing is speculative. When <a rel="dofollow" title="invest" href="https://thebittimes.com/tag/invest.html">invest</a>ing, your capital is at risk.</em></p> 
 <p class="paragraph"> </p>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/is-it-too-late-to-invest-in-shib-tbt73030.html">https://thebittimes.com/is-it-too-late-to-invest-in-shib-tbt73030.html</a></p>

Is it too late to invest in SHIB?

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