Shiba Inu Skyrockets 13.5%—Is a 12x Rally to $0.00018 Coming?
Shiba Inu (SHIB) has witnessed a sharp 13.5% price increase, surpassing the $0.000015 mark amid soaring investor enthusiasm.
The daily trading volume has surged 70% to $370 million, signaling strong bullish momentum.
Market analysts attribute this surge to a combination of factors, including a significant uptick in the SHIB burn rate and improving sentiment surrounding the meme coin sector. Additionally, discussions within the Shiba Inu ecosystem about a potential exchange-traded fund (ETF) have further fueled optimism.
SHIB’s price rose by 13.5% in 24 hours.
Trading volume spiked 70% to $370 million.
SHIB futures open interest climbed 30% to $166.74 million.
With growing futures market activity and a historical pattern resembling its 2021 bull run, investors are closely watching for a parabolic breakout.
Analysts Predict SHIB’s 12x Breakout
Shiba Inu’s recent rally has led experts to forecast a potential 12x surge, which could push its price to approximately $0.00018 and its market capitalization to around $27 billion. A popular crypto analyst, CryptoELITES, highlights the formation of a “cup-and-handle” pattern—a bullish technical setup—indicating a major rally could be imminent.
Historical price action supports this outlook, as SHIB followed a similar trajectory before its explosive growth in late 2021. The formation’s “cup” was completed when SHIB hit $0.00004567 in March 2024, while the “handle” is currently forming, suggesting a breakout could be near.
Moreover, SHIB’s marketing lead, Lucie, has reinforced this bullish sentiment by engaging with community discussions about SHIB’s long-term price potential. While reaching $0.01 remains a distant target, Lucie emphasized patience and steady ecosystem development as key factors for sustained growth.
Shiba Inu Ecosystem Growth Fuels Optimism
Beyond price speculation, Shiba Inu’s ecosystem continues expanding at a remarkable pace. The network has now surpassed 1.5 million holders, a milestone reflecting its widespread adoption.
Additionally, data from Shibariumscan indicates that Shibarium’s total block count has exceeded 10 million, underscoring increased on-chain activity and network utility.
Key ecosystem developments include:
SHIB burn rate acceleration, reducing token supply.
Shibarium surpassing 10 million total blocks.
Community discussions about a potential SHIB ETF.
Despite ongoing crypto market volatility, Shiba Inu’s strong fundamentals and growing user base reinforce its long-term potential. Investors remain optimistic that SHIB could mirror its past bullish cycles and deliver substantial gains in the coming months.
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