Shiba Inu (SHIB) consistently tries to break price ceilings, as the token is trying hard to break past the normal price barriers. The SHIB is eying significant price action amid the latest market developments as its ecosystem unveils new projects, roadmaps, and proceedings.
Amid such sparking events, SHIB is also eying a noteworthy price surge, per a notable analyst, which could catapult its price to $0.000081. Here’s how
Also Read: Apple (AAPL) Competes With Nvidia (NVDA) in AI Tech Showdown
Shiba Inu Is Trying Hard To Scale High, Touch $0.000081, Analyst Says
Image Source: Watcher Guru
Shiba Inu is an essential part of the cryptocurrency ecosystem. The token has harbored strong community support, which always promotes SHIB and helps the token aim for new price spots. SHIB’s ecosystem is one of the busiest as it continues to unveil new projects that will bring new utility to its users.
Lucie, a Shib marketing expert, recently took to X to share how the ecosystem is ready to reveal its DAO development. The DAO will help streamline community development and make concise decisions about expanding the SHIB ecosystem.
“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, SHIB also unveiled its plan to launch a SHI stablecoin, SHIB Socials, SHIB Marketplace, and SHIB DeFi as new notable offerings to keep users coming back for more.
A New Price Forecast For SHIB
The enticing developments above will help Shiba Inu soar and soon claim new highs. As positive momentum about SHIB continues to spread, Javon Marks, a notable price analyst, took to X to share how SHIB may quickly claim a new high of $0.000081.
Marks shared how Shiba Inu is trying hard to maintain its steady pace. The expert noted specific bullish patterns that further confirmed SHIB’s bullish price pace and efforts to keep aiming for the high price target. Marks pointed out that a surge of 351% is currently on the cards if SHIB manages to hold support and keeps its pace consistent for the long haul.
“$SHIB (Shiba Inu) continues to maintain its breakout, and with more bull patterns spotted, the next leg of immense bullishness can be unfolding! With larger breakouts still indicating $0.000081 as a target, an over 351% move to reach this target can still take place, and Shiba may move at significant speeds to do so.
Also Read: Bitcoin Reclaims $71,000: Will BTC Hit A New Peak This Week?
The Token’s Price Target For November
According to CoinCodex, SHIB still has a long way to go in establishing a new price high. CC predicts the meme coin will surge by 1% to $0.00001866.
Image: CoinCodex
“According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to rise by 1.50% and reach $0.00001866 by November 28, 2024. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 69 (greed). Shiba Inu recorded 13/30 (43%) green days with 4.18% price volatility over the last 30 days. Based on the Shiba Inu forecast, it’s now a good time to buy Shiba Inu.”
Also Read: Apple: APPL Launches 1st Batch of AI Tools as Race to $4T Begins
