The Shiba Inu (SHIB) has been known for its massive price surges. The meme coin, despite being fairly new to the market has managed to capture the attention of the entire globe. The asset’s uptick throughout the past month is proof of SHIB’s growth rate. Therefore, a possible 200% surge throughout November wouldn’t be surprising.
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Shiba Inu Back In Action
Shiba Inu maintained a low profile after its recent surge. But after its break, the meme coin was back in action. Over the past 24 hours, SHIB rose by over 4%. At press time, the meme coin was trading at $0.0000248.
Amidst this price surge, the 24-hour volume of SHIB rose to a high of $1.46 billion. This came after a 28% spike. With all these notable bullish signs, the overall market sentiment seemed to be positive. According to data from CoinMarketCap, the Shiba Inu community seemed to be heavily optimistic about a potential price surge. Out of 86266 votes, 89% of them believe that Shiba Inu could rise in the coming days. 11% of them were skeptical.
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Price Prediction
According to data from Changelly, the bulls were siding with the Shiba Inu market. The second largest meme coin is expected to trade at an average price of $0.0000399 throughout the month of November. In addition, the highest price that SHIB will be priced at is $0.0000544. This further marks a 202% rise from its current price level.
Shiba Inu has already managed to rise by nearly 40% over the past 30 days. Despite the slow week, SHIB’s previous surge speaks volumes. This further reveals that the meme coin will be able to continue this streak and eventually spike by a staggering 200%. The community will soon be able to enjoy the benefits of investing in the meme coin.
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