Shiba Inu: Can SHIB Hit $0.00005 By The End Of 2024?
Shiba Inu (SHIB) seems to have broken into another bullish trend. The dog-themed asset is up by 2.9% in the daily charts, 9.1% in the weekly charts, 30.9% in the 14-day charts, and 39.1% over the previous month. The 12th-largest crypto project by market cap has increased 211.6% since November 2023. Also Read: MicroStrategy (MSTR) Raises $3 Billion to Purchase More Bitcoin Source: CoinGecko Why Is Shiba Inu Rallying Today? SHIB’s latest rally is likely due to Bitcoin (BTC) hitting a new all-time high of $99,261.30 earlier today. BTC’s rally has triggered a market-wide momentum, pushing other assets into a bullish run. Source – Token Metrics Also Read: PEPE: Why Surging Meme Coin Can Still Gain 25% Before 2025 BTC’s rally is likely due to talks about Donald Trump electing a “crypto czar.” Trump winning the US Presidential election has led to a significant increase in investor confidence due to his pro-crypto stance. Market participants anticipate lenie...