The Shiba Inu (SHIB) token has gradually transitioned from a speculative-reliant meme coin to a utility-based altcoin.
Following the notable adoption of SHIB, the Ethereum-based meme coin is expected to scale beyond the $100 billion market cap during this crypto bull cycle.
Shiba Inu (SHIB), an Etheruem-based meme coin and the second largest dog-themed altcoin after Elon Musk-backed Dogecoin (DOGE) has recently shifted from a bear market consolidation to a bullish outlook.
The large-cap meme coin, with a fully diluted valuation of about $30 billion and nearly 1.4 million holders, has rallied more than 181 percent to trade around $0.000030 on Friday during the London session.
Short-Term SHIB Price Expectations
After a strong breakout from a cup with a handle base in February, the Shibarmy is more than determined to push the meme coin to a new all-time high in the coming months. As Crypto News Flash recently pointed out, the Shiba Inu community continues to celebrate the tangible
