Shiba Inu has been soaring to new heights with the rising crypto market. The meme coin broke through several resistance levels to hit a 24-hour high of 0.00002315 dollars.
Although SHIB dropped to 0.00002045 dollars, it still reached a whopping 112% price increase in one week alone. At the same time, Shiba Inu’s trading volume has also increased.
According to recent data, the coin has registered a 352.03% surge in trading volume in 24 hours. The amount sits at 6.09 billion dollars, and this performance has sparked new life among SHIB supporters.
Lucie, the marketing strategist for SHIB, recently predicted the coin would hit 0.00012 dollars. The expert tweeted that historical SHIB prediction data shows the coin surging up to 800% in a week.
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The rise would put Shiba Inu at 0.0001206 dollars. While the surge seems extraordinary, Shytoshi Kusama believes SHIB can do even better. The Shiba lead developer replied to Lucie’s tweet with “Underestimate,” predicting a better market performance by Doge-killer.
Given the current bullish outlook, several Shiba Inu supporters even see the coin hitting 0.001 dollars. Historical data shows that SHIB can go up to 2,168% in one week alone. Lucie’s 800% surge prediction stems from Shiba Inu’s rally back in 2021.
However, it should be noted that this surge came before Vitalik Buterin burned 410 trillion Shiba Inu tokens. The Ethereum founder was gifted these tokens by the Shiba Inu lead developer.
Shibburn recently noted that Shiba Inu’s burn rate has surged by 941.6%. The coin can soon retest the 0.000023 dollar resistance level. If it makes it through, SHIB will target its all-time high of 0.00008845 dollars.
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Seeing how Bitcoin raises the entire crypto market, Shiba Inu can leverage the market sentiment to reach new heights.
