Something big has happened! $SHIB increased by 77% in October! Is it expected to become a top dark horse? Community and technology are driving it, and rumors of Robinhood have ignited a zero-to-hero trend!
SHIB has been quite active lately! In terms of price, it has risen by 17% in the last 24 hours, nearly 80% this month, and 274% over the year. Currently, one coin is about $0.00003, with a market cap of over $6.8 billion, firmly seated in the second position among meme coins. There are significant technical developments; the Shibarium layer-2 network has upgraded, burning millions of tokens every day, with a total of 410 trillion tokens burned. As the supply decreases, the price naturally has support.
In terms of partnerships, several significant developments have occurred, including blockchain governance with the UAE Ministry of Energy, AI finance and tax tools with Mass Finance, and collaboration with Zama on cryptographic technology. It is no longer just a meme coin. The community is growing stronger, with nearly a million wallet addresses, and social media followers are increasing rapidly. Although there are celebrities endorsing it, the project team claims the community is the core.
Market sentiment is quite lively, with rumors of being listed on the Robinhood trading platform. If that happens, it could potentially go to zero, like increasing from $0.00003 to $0.00004. However, caution is needed; BTC has been strong recently, holding a 56.3% share, which may divert funds, and there could be profit-taking due to the recent sharp increase.
In the short term, we need to see if it can break through $0.000033; if it breaks through, it might go to $0.00004. In the medium term, we need to see if the Shibarium ecosystem can be implemented and if the token burn rate is fast enough. In the long term, SHIB is transitioning from a pure meme coin to a technology-focused community coin, but it must keep an eye on regulations and the overall market sentiment.
Recently, I plan to position myself for a potential explosive coin that could easily double in value, with an expected upside of over 10 times. If you want to follow along, like and comment, and I will share for free!
