AI sets SHIB price for December 10, 2024

The cryptocurrency market saw a major rally today as Bitcoin (BTC) broke $100,000. While certain assets followed suit, others struggled, such as Ripple’s XRP. Meanwhile, the meme coin market had some luck. Shiba Inu (SHIB) was rising while most assets were falling at press time.

Also Read: Bitcoin (BTC) Reaches $100,000: How High Can It Go Before Christmas 2024?

Shiba Inu’s status quo

The past month was extremely crucial for the Shiba Inu market. The meme coin rose almost 80% during this period. The asset was trading at $0.0000315 at press time, having risen 3.75% in the last 24 hours. This happens after a period of volatility. The price of Shiba Inu today was at a low of $0.00002095 and rose to a high of $0.00003296.

Trading volume is another important statistic that contributes to SHIB’s positive trend. In the last 24 hours, daily trading volume increased by 40% to $4.62 billion, further highlighting investors’ urge to buy SHIB. Additionally, the meme coin’s market cap rose to a high of $18.54 billion, pushing SHIB to the 12th largest spot.

Also Read: Top 3 Cryptocurrencies to Watch Since Bitcoin Hit $100,000

Price forecast for December

The Shiba Inu community will indeed have a Merry Christmas. According to data from CoinCodex, SHIB is expected to trade in the range of $0.00003010 to $0.00006435 before the end of the year. The price of SHIB increased by 23.54% compared to the current price. In other words, if SHIB performs as forecast, investors could see a gain of 103.15%.

On December 10, the meme coin is expected to trade at a high of $0.00005372. This represents a further increase of almost 70% from current price levels.

Furthermore, the asset is expected to witness over 100% growth in the next few days. This could push the total number of profit-making SHIB investors to higher levels.

Also read: Dogecoin turns a $1,000 investment into $1.8 million