Shiba Inu: Can SHIB Reclaim $0.00004 In Q4 2024?
Shiba Inu (SHIB) had a bullish few days last week. The asset is up 0.8% in the daily charts, 26.6% in the weekly charts, 38.7% in the 14-day charts, and 35.3% over the previous month. The dog-themed cryptocurrency is also up by 148% since October 2023. Source: CoinGecko Also Read: US Stock: When Will Amazon (AMZN) Claim Its $265 Share Price Target? Why Is Shiba Inu Rallying? SHIB’s latest rally could be due to Bitcoin (BTC) briefly reclaiming the $66,000 mark last week. Investors may have expected a market-wide rally, which, unfortunately, did not happen. Bitcoin (BTC) has since fallen below the $64,000 level. Also Read: Stay Ahead: Metaplanet’s ¥1 Billion Bitcoin Purchase Explained Another factor that may have pushed SHIB’s price is analysts’ bullish outlook for October. Historically, October has been a bullish month for the cryptocurrency market. Can The Memecoin Reclaim $0.00004 In Q4 2024? According to the analysts at CoinCodex, SHIB will witness a massive price sp...