The post Shiba Inu’s November Pump: Predicting Heights of SHIB In 2024 appeared on BitcoinEthereumNews.com.

Shiba Inu has been on the rise in recent weeks, with a decent price hike of almost 25% in a month.  SHIB’s increased burn mechanism and utility through Shibarium and other ecosystem projects sparked interest again.  The second-best meme coin, Shiba Inu (SHIB), has been making waves in the crypto market since it noted recent gains. This has to do with the latest developments SHIB has rolled out and investors are hoping it’ll break through the $0.00001 mark before 2024.  Although this popular meme coin is on the upswing, meme coin enthusiasts are buzzing over a new coin called Meme Kombat ($MK). This token offers unique utility combined with huge staking rewards and has been blowing up in its presale. But before digging deeper, let’s take a closer look at what’s in store for SHIB and how it will hold up. >>>Buy Meme Kombat Now<<< SHIB’s Bullish Momentum – Can the Meme Coin Maintain Its Gains in 2024? Shiba Inu has been on the rise in recent weeks, with a decent price hike of almost 25% in a month. This comes after a couple of months of declines and choppy trading for SHIB. There are a few reasons why this momentum is back.  Firstly, the overall crypto market is improving, with Bitcoin hovering around $37k right now. As a result of this upsurge, most altcoins have been lifted, including Shiba Inu. Furthermore, SHIB’s increased burn mechanism and utility through Shibarium and other ecosystem projects sparked interest again. SHIB has regained its 50-day and 200-day moving averages as a result of the recent uptrend. But the question is, how long can this rally last? SHIB is facing resistance at $0.000009 which is the previous high. If that level is broken, it could lead to a test of the psychological $0.00001 level.…

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Filed under: News - @ November 17, 2023 11:20 am