Shiba Inu Back in Top 10 – Could SHIB Erase a Zero Next?

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Simon Chandler

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Simon Chandler

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Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

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November 11, 2024

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The price of Shiba Inu has jumped by 12% in the past 24 hours, racing to $0.00002614 on a day when Bitcoin has posted a new all-time high of over $82,000.

SHIB is now up by 52% in a week and by 45% in a month, with its post-election gains enabling the meme tokens to reenter the market’s top ten by capitalization.

Given the coin’s strong momentum over the past few days, it could certainly be on course to beat on its own record high of $0.00008616 next year, and to eventually reach $0.00010.

Shiba Inu Back in Top 10 – Could SHIB Erase a Zero Next?

SHIB is the tenth best-performing top-100 coin over the past week, behind such alts as Dogecoin, Cardano, Cronos and Neiro.

Its performance today puts it in a strong position to rise throughout most of the coming week, with its relative strength index (purple) moving from 50 to 60 in the past few hours.

This signals an uptick in buying pressure, with SHIB’s trading volume standing at a very healthy $9 billion.

This represents a whopping 900% increase in only a few days, a sign that traders and investors are coming to SHIB in a very big way.

Given the increases involved, we will see some whales take profits here and there in the next few days, meaning that the coin will suffer the occasional dip.

But the overall trajectory will be upwards over the coming months, with some SHIB holders beginning to get bullish about the possibility of the meme coin climbing to $0.00010.

This is certainly the long-term target SHIB should be aiming for, but we may not see it for a few months, even if the coin is surging right now.

A push towards its current ATH would require an increase of 228%, as well as a market cap of around $50 billion.

This is doable, but it may require more positive news, either related to Shiba Inu’s fundamentals or to whatever pro-crypto policies the Trump administration may introduce once it enters office in January.

But even current SHIB holders will have to show some patience, the coin should reach $0.000010 eventually, especially when it remains probably the strongest meme token in the market in terms of its fundamentals.

New Presale Tokens Could Beat the Market

SHIB has lots of momentum right now, but 2025 could see a wave of newer meme tokens outperform it and post bigger returns.

In fact, there are several presale coins at the moment that look very promising, with some looking ready to surge once they list.

Near the top of such a list is Flockerz (FLOCK), a ERC-20 token that has raised just over $1.4 million in its presale, which it opened last month.

Investors have been putting their confidence in Flockerz because it’s the market’s first vote-to-earn token, rewarding holders for participating in governance votes.

Every major decision will be put to its community, with voters receiving greater rewards the more they participate.

Flockerz will also have a staking mechanism, meaning that holders will earn staking rewards in addition to voting rewards.

This could make FLOCK very lucrative as a coin, which helps to explain why demand has already been high.

It will have a max supply of 50 billion FLOCK, with 20% going to its presale, 25% to staking, and another 25% for governance rewards.

Anyone interested in FLOCK can join the presale by going to its official website, where the coin is selling at $0.005981.

The sale has 50 stages, so this price will rise many more times before the token lists.

In other words, investors should act now if they want to lock in the biggest possible gains.

Join FLOCK Now