Shiba

2024

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Shiba Inu

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 <p>The cryptocurrency markets have kicked off 2024 on a positive note, with Bitcoin reclaiming the symbolic $45,000 level and other altcoins like Shiba Inu (SHIB) also seeing renewed buying interest.</p>
 <p>SHIB has ridden the wave of market momentum, hitting $0.00001064, according to the latest data from CoinMarketCap.</p>
 <p>While SHIB’s move partly reflects improved investor enthusiasm to start the new year, a series of lofty analyst projections for 2024 has added further fuel to the speculative rally. However, how realistic are predictions of SHIB reaching $0.01 per token over the next 12 months?</p>
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 <p><strong>Also read: Etherscan Acquires Solscan to Boost Blockchain Data Accessibility</strong></p>
 <h2 class="wp-block-heading" id="h-boldest-shiba-inu-prediction-for-2024">Boldest Shiba Inu prediction for 2024</h2>
 <p>Bold forecasts of SHIB eventually deleting zeros to trade at $0.01 are nothing new, circulating since the peak “meme coin mania” of late 2020.</p>
 <p>Yet despite failing to materialize so far and facing continued skepticism from some crypto analysts, the $0.01 price target yet again permeates Shiba Inu discussions to kick off 2024.</p>
 <p>At the current $0.00001 level, SHIB would need to rise considerably to reach a penny per token. This may seem like an insurmountable increase for most assets, but parabolic moves have defined the young life of this meme coin thus far.</p>
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 <p><strong>Also read: Shiba Inu: What Will You Do If SHIB Reaches $0.01?</strong></p>
 <p>Nonetheless, the core argument that SHIB’s massive circulating supply of 589 trillion tokens prevents it from reasonably attaining $0.01 retains validity. For SHIB to reach that price, its market capitalization would eclipse that of mega-caps like Bitcoin—an unlikely feat even in the world of crypto.</p>
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 <h2 class="wp-block-heading" id="h-shiba-inu-hitting-0-01-seems-like-a-far-catch">Shiba Inu hitting $0.01 seems like a far catch</h2>
 <p>Multiple catalysts, like expanding utility into gaming and the metaverse, as well as continued retail pile-in, could spark price spikes. Yet analysts advise keeping expectations measured when it comes to targets like $0.01 that breed more unrealism than insight.</p>
 <p>As with most altcoins, Shiba Inu tends to take its biggest price cues from Bitcoin. So as long as the overall crypto sector retains positive momentum, SHIB could continue trending upward.</p>
 <p><strong>Also read: Shiba Inu: Who Owns The Highest Number of SHIB Coins?</strong></p>
 <p>However, in an asset class known for whipsawing violently, nothing is assured. Maintaining balanced risk management is critical, even amid the investor enthusiasm kicking off the new year.</p>
 <p>Hoping for Shiba Inu to hit $0.01 strays too far down the rabbit hole of unrealistic expectations. This year promises twists and turns galore for the meme coin markets; buckling up remains advisable.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-boldest-shib-price-prediction-for-2024-tbt75631.html">https://thebittimes.com/shiba-inu-boldest-shib-price-prediction-for-2024-tbt75631.html</a></p>

Shiba Inu: Boldest SHIB Price Prediction For 2024

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