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Shiba Inu Surges 208% in 2024: Analysts See Top 10 Potential

Shiba Inu Surges 208% in 2024: Analysts See Top 10 Potential


Coin Edition
2024-12-07 11:17:08
Shiba Inu Surges 208% in 2024: Analysts See Top 10 Potential

Shiba Inu (SHIB) is climbing high in the cryptocurrency’s overall ranking. SHIB has picked up momentum since the beginning of Q4 2024. Analysts foresee SHIB overthrowing AVAX in crypto ranking soon. Dog-themed memecoin Shiba Inu (SHIB) is climbing the cryptocurrency rankings by market capitalization. Currently in 12th place, crypto analysts believe the memecoin’s trajectory could propel it into the top 10 cryptocurrencies by market cap soon. SHIB picked up momentum since the beginning of Q4 2024 and has continued in a sustained rally until the time of writing. In terms of price, SHIB’s value surged from an August 5 low of $0.00001079 to reach $0.00003318 on December 1, before pulling back slightly to trade for $0.00003090 at the time of writing, according to data from TradingView. This rally reflects a 208% surge, with the memecoin breaking above multiple resistance levels. An assessment of the cryptocurrency’s price chart shows the next resistance at $0.00004575, a yearly high reached in Q1 2024. Despite SHIB’s impressive price rally, the memecoin’s growing market cap has attracted crypto analysts’ attention. CoinMarketCap’s data reveals a st… The post Shiba Inu Surges 208% in 2024: Analysts See Top 10 Potential appeared first on Coin Edition .

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