As 2023 approaches its conclusion, certain assets within the cryptocurrency market continue to witness price growth, while others are experiencing a deceleration in their gains compared to previous weeks.
Shiba Inu (SHIB) is among those exhibiting a slowdown, prompting investors to contemplate whether it will achieve a rally to the desired psychological level of $0.01 in 2024.
Shiba Inu initiated a positive price trend in late November, consistently ascending from $0.000008193 to the significant threshold of $0.00001000. It reached this level multiple times in December and consolidated at $0.00001068 as of December 28.
SHIB 30-day price chart. Source: Finbold
Can SHIB reach $0.01 in 2024?
For this to happen, SHIB would need to surpass its all-time high price of $0.00007924, which it reached in October 2021, and for it to reach $0.01, an increase of a staggering 93,533% is required, a figure that may seem impossible to many, but market trends teach us that anything is possible.
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