The post Shiba Inu 10X Rally Predicted – Can SHIB Hit $0.00023 This Quarter? appeared on BitcoinEthereumNews.com.

Shiba Inu (SHIB) can attract investors’ attention because of signs of a possible rally. The token recently has had a surge in price and many analysts expect growth in the near future. According to speculation, SHIB could make it to $0.00023 by this quarter. This prediction, however, comes as Bitcoin (BTC) rallies, and the broader market recovers, encouraging bullish sentiment from the cryptocurrency space. Source: X Shiba Inu Price Surge and Market Sentiment Recently, SHIB has been increasing in price by close to 10%. And Bitcoin is trending positively in the wider cryptocurrency market having traded over $102,000. As BTC’s price rises, more traders are coming to altcoins like SHIB, which are also on a rise in interest. The last 24 hours saw a 9.49% spike in Shiba Inu’s price to $0.00002431 at press time. With the rest of the crypto market on the positive side and Shiba Inu’s price momentum keeping pace, it seems the movement suits the general sentiment. The momentum can push the altcoin price very high and analysts believe so. One of the reasons behind the interest in Shib is that there has been increased whale’s activity or rising community support. – Advertisement – While the market outlook stays bullish, investors are looking keenly at Shiba Inu to see if it could rise further. Factors Supporting Shiba Inu’s Growth Potential Potential 10X rally for Shiba Inu should be due to several factors. The ongoing increase in token burns is one of the key drivers. While the burn rate might not be large enough yet to materially decrease the supply, these things help keep the price of SHIB up over time. It’s also the rise of whale transactions that is another signal that bigger money is looking closer at Shiba Inu. As the crypto market rebounds following…

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Filed under: News - @ January 19, 2025 9:12 am