Shiba Inu Its price failed to gain positive momentum despite the developments in the cryptocurrency market. Meme coin, which started 2024 with $ 0.000001030, has lost more than 12% in value in the intervening time.
As the end of January approaches, the SHIB price is no longer expected to show an extraordinary performance. This carried all investors’ hopes to February.
Shiba Inu Aims for Double-Digit Rise Next Month
Shiba Inu has had a very optimistic time in February since its launch. According to CryptoRank data SHIB, ended the month on a positive note with a 20% rise in February 2022. However, it was limited to a 1.6% increase in 2023, where a similar trend did not occur.
However, when focusing on the overall data, the average income for February is seen as 10.95%, with a high tendency to record double-digit earnings. However cryptocurrency Mobility in the market may trigger movements in both directions.
As we reported as Koinfinans.com, the Shibarium burning portal is expected to be released in February, and it represents one of the most important developments that can increase the adoption rate of investors. If things go well on the test network, the burn portal is expected to be activated on the mainnet as soon as possible. This is an important detail that may ultimately increase Shiba Inu’s deflationary pressure.