What will happen to shib at the end of #SHIBA🚀 #SHIBA✅🚀 24? Will it break through its previous high?》#SHIBUSDT
As we approach the end of 2024, interest in Shiba Inu (shib) in the cryptocurrency market continues to rise. According to CoinMarketCap data, as of December 2, the price of shib is $0.00002486, with a 24-hour increase of 3.57%, a market cap of approximately $1.465 billion, and a 24-hour trading volume of $144 million, with a trading volume to market cap ratio of 9.86%.
From recent dynamics, on November 14, the total number of addresses holding 10,000 to 1,000,000 shib increased from 12.7 billion to 12.9 billion, indicating a certain purchase trend and potential upward momentum. The development of the Shibarium Layer 2 network has also added vitality to shib, with the number of active users continuously growing, currently surpassing a certain scale, injecting new energy into the ecosystem. In addition, the application of shib in the decentralized finance field is also gradually expanding, with the trading volume on decentralized exchanges based on shib steadily increasing.
However, shib faces many challenges in breaking through its previous high. On one hand, the cryptocurrency market is highly competitive, with new popular coins continuously emerging, which may divert investors' attention and funds away from shib. On the other hand, the uncertainty of global regulatory policies also brings certain risks to the future development of shib.
It is worth mentioning that the token #puppies , a sibling of shib, has shown unique advantages in the cryptocurrency field. The Puppies token grants holders full decision-making power, with community votes determining the project's development direction and major decisions #puppies, a rare golden dog in the primary market.
In addition, the Puppies token is actively exploring points of connection with the real economy, committed to creating a blockchain ecosystem that links the virtual and the real, with broad future development prospects that are worth investors' attention.
