Shiba

2024

Shiba Inu

Daily

The second-largest meme coin was relatively sluggish in the past few weeks but managed to break out today and tap a new multi-month peak of over $0.000033.
As such, it briefly re-entered the top 10 altcoins by market cap, but the subsequent retracement pushed it back to 11th spot after Avalanche.
<figure id="attachment_372983" aria-describedby="caption-attachment-372983" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/12/SHIBUSD.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-372983" src="https://cryptopotato.com/wp-content/uploads/2024/12/SHIBUSD.png" alt="SHIBUSD. Source: TradingView" width="1835" height="819" srcset="https://cryptopotato.com/wp-content/uploads/2024/12/SHIBUSD.png 1835w, https://cryptopotato.com/wp-content/uploads/2024/12/SHIBUSD-300x134.png 300w, https://cryptopotato.com/wp-content/uploads/2024/12/SHIBUSD-1024x457.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/12/SHIBUSD-768x343.png 768w, https://cryptopotato.com/wp-content/uploads/2024/12/SHIBUSD-1536x686.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/12/SHIBUSD-50x22.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-372983" class="wp-caption-text">
 SHIBUSD. Source: TradingView
 </figcaption>
</figure>
Shiba Inu, alongside the rest of the crypto market, benefited substantially of Donald Trump’s landslide win in the November US presidential elections. It stood below $0.000017 at the time but quickly <a href="https://cryptopotato.com/3-bullish-signs-for-the-shiba-inu-shib-price-to-watch-2/" data-wpel-link="internal" rel="noopener noreferrer nofollow">soared</a> past $0.00003.
However, it slipped in the following weeks to $0.000025, where it stood from November 12 to earlier today. In a somewhat surprising move during the weekend, the second-biggest meme coin shot up by more than 22% and soared past $0.000033 for the first time since March this year.
Although it has retraced slightly, it still trades above $0.00003 and its gains on a 24-hour scale sit at 15%. This price rally came amid a massive rise in the SHIB burn rate on a weekly scale, according to Shibburn.
<blockquote class="twitter-tweet">
 HOURLY SHIB UPDATE<a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$SHIB</a> Price: $0.00003185 (1hr -0.64% ▼ | 24hr 17.84% ▲ ) Market Cap: $18,780,263,000 (17.89% ▲) Total Supply: 589,259,826,175,294
 TOKENS BURNT Past 24Hrs: 15,108,278 (-97.88% ▼) Past 7 Days: 2,161,898,903 (985.19% ▲)
 — Shibburn (@shibburn) <a href="https://twitter.com/shibburn/status/1863297054639820966?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">December 1, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The Shiba Inu community was quick to pick up and celebrate the move, with many <a href="https://cryptopotato.com/bullish-shiba-inu-shib-price-prediction-50-rally-incoming/" data-wpel-link="internal" rel="noopener noreferrer nofollow">predicting</a> even more impressive gains in the future. Some slightly exaggerated <a href="https://x.com/DogssCoin/status/1863212835297247432" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">forecasts</a> envision a further 10,000% surge for the token, which would make it by far the biggest in the crypto market.
SHIB_KNIGHT was more modest but still predicted a new all-time high for SHIB after today’s surge. It’s worth noting, though, that the meme coin is still 64% away from its peak reached over three years ago. Its price would almost need to triple from its current levels to exceed the $0.000086 reached on October 28, 2021 (CoinGecko data).
<blockquote class="twitter-tweet">
 New ATH Journey started for <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$SHIB</a> <a href="https://t.co/ieWxBACMlU" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">https://t.co/ieWxBACMlU</a> <a href="https://t.co/X0jLPKevQk" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/X0jLPKevQk</a>
 — $SHIB KNIGHT (@army_shiba) <a href="https://twitter.com/army_shiba/status/1863237718349648211?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">December 1, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The post <a href="https://cryptopotato.com/shiba-inu-skyrockets-15-daily-amid-predictions-about-new-shib-all-time-high/" rel="noopener noreferrer nofollow">Shiba Inu Skyrockets 15% Daily Amid Predictions About New SHIB All-Time High</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Shiba Inu Skyrockets 15% Daily Amid Predictions About New SHIB All-Time High

CryptoPotato_News

Other articles published on Dec 1, 2024

XRP Surges Past $100 Billion Market Value

Best Cryptos to Buy Today: Chainlink Hits New Highs, AAVE Attracts Investors, and Qubetics Raises...

Robert Kiyosaki Warns of Bitcoin Price Crash, Pepe Unchained Presale Smashes Past $60 Million

Trump Draws Battle Lines with BRICS Over De-dollarization Plans

Potential ETH Boost as Ethereum Hits Annual TVL Peak, with Existing Risks

Top Analyst Max Kruger: 'Max Long' on Cryptocurrencies

Join our free newsletter for daily crypto updates!