Cetoex News – The two most influential meme coins in the market have been Dogecoin and Shiba Inu. Investor interest in meme coins has increased overall since last year. Despite the extended bear market and the fall of FTX, the rate of SHIB adoption has increased.
The Shiba Inu team has been focusing on a number of initiatives to better the ecosystem. The team is creating and implementing new developments like Shiba Inu Eternity, SHIB Burns, and others.
CoinMarketCap data reveals that SHIB is currently worth $0.00000931 at press time. Here is our SHIB pricing prediction for November 2022.
SHIB price prediction for December
December doesn’t appear to be a better month for Shiba Inu in comparison to November. On November 1, SHIB was trading at $0.00001273. In terms of price, SHIB is falling short at the start of this month compared to the beginning of November.
As per the current analysis, experts at Changelly suggest that the SHIB rate will average $0.000010089 in December 2022. The maximum price that it can touch is anticipated to be $0.0000171783. At press time, there had also been a drop in the 24-hour trading volume of SHIB by 53%. SHIB is also down by 1.735% in the last 24 hours.
Shiba Inu has the potential to follow DOGE, the meme coin leader. It is likely to increase in value in the coming days, as DOGE holders are excited about the possibility of the token’s integration into Twitter. Along with a potential pump for the DOGE coin, a possible SHIB rally may also follow a DOGE rally.
If Musk intends to support additional cryptocurrencies in addition to DOGE and BNB, it might mark a turning point for the meme coin market. The SHIB team has been engaged in numerous projects and developments, unlike DOGE. This might also contribute to price increases.