Shiba Inu, much like the overall crypto market, is making giant strides. The coin has gained 65.04% value in the past 24 hours alone.
SHIB’s recent rally has witnessed the meme coin secure 269.36% growth in the past week. The growth percentage has increased to 327.43% in the past month for SHIB. The token shows an immense bullish trend, thanks to the overall market sentiment.
However, SHIB’s recent rally is not the result of the market outlook alone. The coin has also gained market strength due to its new updates. For instance, Shytoshi Kusama, the Shiba Inu Lead, recently tweeted about meetings with new friends.
Kusama hinted at new projects, which are supposed to lead to unleashing SHIB’s true power. The tweet by SHIB’s lead read:
“Have a full day of meetings with new friends Shiba Inu has recently made. Do not forget that Shiba has done everything until now with a small budget and minimal marketing. It is time to level up and showcase SHIB’s true power.”
The tweet capitalized on the brewing positive outlook surrounding SHIB. The coin has been making ripples in the crypto market. And the latest Shiba Inu prediction shows the coin possibly eyeing the $1 mark in the future.
It is worth noting that SHIB is currently 56.49% below its all-time high of $0.00008845, achieved in October 2021. However, the coin has also earned 47131841.04% growth since September 2020.
Thus, SHIB reaching the $1 mark is not a far-fetched milestone. With the pace at which Shiba Inu is moving and the way Shytoshi Kusama hints at new projects, the meme coin can easily outdo the competition in the coming years.
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