Shiba Inu Officially Took Flight: Reached Its Highest Level in 22 Months with a Rally of 138.40%, Will the Rally Continue?

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Shiba Inu In the last 24 hours, it reached its highest level in months, rising above $0.00002 with a tremendous rally. Notably, SHIB rose from the lows of $0.00001266 to the highs of $0.00002098.

This price increase crypto- It represents a significant growth of 65.78%, with participants in the market trading over $4,231,240,004 in the last 24 hours.

Koinfinans.com As we reported, this transaction volume in particular reflects an increase of 138.40% compared to the previous day.

On the other hand, Shiba Inu’s performance in the last seven days is also remarkable. Notably, SHIB hit lows around $0.000009486 on February 24.

However, exactly seven days later, the asset is up 121.16% to its current 24-hour high of $0.00002098.

According to historical data, the $0.00002 Shiba Inu range was last witnessed around May 2022. Overall, the asset reached a 22-month high.

SHIB Army Celebrates This News

This positive trend caused great enthusiasm in the Shiba Inu community, and lead developer Shytoshi Kusama also joined in the celebrations.

Kusama tells the SHIB Army “Let’s go!” celebrate by sharing a written celebration gif joined.

Similarly, the official Shiba Inu Twitter account told SHIB Army, “Go with the flow. It’s all about the vibrations.” He joined the celebrations by sharing a message saying:

However, leading Shiba Inu market analyst SHIB KNIGHT also celebrated this performance. He shared a chart showing how SHIB rose in a long green candle from below $0.00001 to above $0.00002.

Just five days ago, SHIB KNIGHT predicted this rally, suggesting that SHIB would break out of its long downtrend.

SHIB was trading in a range of $0.000009, while SHIB KNIGHT had a significant price target of $0.000022 in mind.

Factors That Promote Shiba Inu

The Shiba Inu generated these performances mirroring Bitcoin’s recent rallies that saw 2021 highs.

Another factor is the Shiba Inu ecosystem’s recent groundbreaking partnership with Zama, a major company at the forefront of privacy solutions.

Source : The Crypto Basic


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