Shiba Inu is one of the most promising cryptocurrency tokens in space. SHIB is currently sitting at a new price spot of $0.00002678, hoping to gain further price momentum as Bitcoin rises and soars high on the radar to help the altcoin market secure spectacular price gains. Amid it, will SHIB be able to secure a noteworthy price high soon?

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Shiba Inu: Token To Gain A New Price Momentum Soon?

Shiba Inu is currently sitting at $0.00002678, noting a slight downtick of 2% in the last 24 hours. The token has noted an uptick of 1.55% in the last week, followed by the token documenting an 11% hike in its price from the last month. At the same time, Bitcoin is trying incredibly hard to breach the $107K price spot, which can be particularly lucrative for the altcoins, including Shiba Inu.

“Bitcoin continues to break records, now eclipsing a $107.1K market value for a new all-time high! The amount of non-empty wallets on the network is now up to 54.62M, increasing by +5.2% over the past year. 👍”

In addition to this, Shiba Inu is also gearing up to roll out a variety of new projects, including SHIB socials, SHIB DeFi, the SHIB marketplace, and DAO, among a few notable developments that are already catching incredible hype within the community. In the middle of this, the token is also working on launching its own stablecoin, SHI, which is yet again a noteworthy development that could spike Shiba Inu to reach new highs.

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The Token Price Forecast for December 20

Per CoinCodex, SHIB is all set to gain further momentum by December 20, spiking to claim a new price spot of $0.00005 by December 20.

The token, however, may drop by the end of December 2024, sitting at a low price spot of $0.00002802.

“According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to rise by 2.94% and reach $0.00002802 by January 15, 2025. Per our technical indicators, the current sentiment is neutral while the Fear & Greed Index is showing 83 (extreme greed). Shiba Inu recorded 18/30 (60%) green days with 8.90% price volatility over the last 30 days. Based on the Shiba Inu forecast, it’s now a good time to buy Shiba Inu.”

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