SHIB On Track To Claim $0.00005, Here’s When?

The bullish cryptocurrency market momentum has incredibly supported a diverse set of tokens. The fact that the market has helped push XRP to claim new price heights is incredibly bullish. Now that the token has fared well and is expected to maintain a healthy rhythm, the market is now vying for Shiba Inu, as investor sentiment pivots to when Shib will resume its stellar price rally, imitating the good old times when the token managed to soar higher on its price radar.

Also Read: Ripple XRP Breaches $2 For The First Time In 7 Years: $3 Next?

Shiba Inu: What’s Next For SHIB?

Shiba Inu is currently sitting at a price mark of $0.00003019, down 1% in the last 24 hours. The token has noted an uptick of 17% in the past one week, followed by documenting highs worth 69% in the last one month. At the same time, the Shiba Inu ecosystem is also leaving no stone unturned to keep its community thriving with new developments and project launches.

A new update unveiled by Lucie, Shiba Inu’s marketing lead, shared how the Shib ecosystem is constantly expanding, brimming with new project development ready to unfold. For instance, while talking about the token’s roadmap for 2025, Lucie shared how a dedicated SHIB DAO is currently underworked, prepping a launch in late 2024 or early 2025. The DAO will centralize the Shiba Inu community sentiment, helping the ecosystem to carve a new web3 trajectory.

“The SHIB Doggy DAO Foundation will legally wrap around the DAO, ensuring that the decisions made by the community are properly executed. It will manage assets like the Doggy Treasury and prevent any future misallocations, providing transparency and security. This move demonstrates to the world that Shib isn’t just another project—it’s a serious player with a long-term vision.”

Similarly, projects like ShibaHub, SHIB social, SHIB marketplace, and SHIB DeFi are also among the notable launches that the ecosystem is looking forward to launching to better SHIB’s price and its future.

Also Read: Cryptocurrency: 3 Coins Poised To End 2024 With 200% Gains

The Token’s Price Path: When $0.00005?

According to CoinCodex, Shiba Inu may end the year at a stable price level of $0.00003211 by December 31st.

“According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to rise by 2.96% and reach $0.00003211 by December 31, 2024. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 81 (extreme greed). Shiba Inu recorded 16/30 (53%) green days with 14.72% price volatility over the last 30 days. Based on the Shiba Inu forecast, it’s now a good time to buy Shiba Inu.”

The token is, however, poised to hit the $0.00005 price mark by May 2025.

Also Read: Cardano Breaks Through $1.05: What’s Next for ADA?