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- Shiba Inu’s (SHIB) bullish pattern hints at a potential 180% surge, supported by recent breakout levels and technical improvements.
- Upgrades in SHIB’s ecosystem, including Shibarium advancements, are positioning the token for significant growth opportunities.
In a tweet, popular crypto analyst Javon Marks has pointed out an uptrend forming on Shiba Inu’s (SHIB) charts. Marks analyzed that SHIB’s preceding trends have always resulted in increasing continuations, implying that another notable rising movement could be under progress.
He estimated a possible breakthrough level of $0.000081, which, should it be reached, would show an ascent of more than 180%. As Marks quite rightly said, “It may just already be in effect as we speak.”
Shiba Inu: Strategic Moves Strengthen Ecosystem and Market PositionÂ
Supporting this hope, well-known community Shib Spain noted that SHIB is retesting important support levels. Emphasizing that the token is “waiting to start a huge long,” they underlined even more the possibility for a sustained rally.
$SHIB is retesting this massive support, waiting to start a HUGE long ! 🚀 pic.twitter.com/f0yM7jiIdG
— Shib Spain (@ShibSpain) December 10, 2024
Meanwhile, reflecting a 7.82% raise over the last 24 hours, SHIB is trading around $0.000029 at the time of writing. Reversing its market cap back beyond $17 billion, this increase has confirmed its ranking as the 12th biggest crypto.
Beyond market success, Shiba Inu’s ecosystem has advanced noticeably recently. Early November 2024 saw Shytoshi Kusama, the Shiba Inu founder, reveal a bold project to build a “Silicon Valley of Crypto” in the United States.
Supported with an estimated $2.35 billion over the next five to ten years, this project seeks to establish a sustainable blockchain innovation hub.
The program is supposed to boost U.S. blockchain technology leadership, create excellent employment, and stimulate economic development.
December 2024 marked another significant milestone for the Shiba Inu ecosystem with the release of a new coin, Shifu (SHIFU). As we previously reported, the launch of SHIFU is projected to boost community loyalty as part of the ecosystem already comprising SHIB, LEASH, BUBBLE, and IO NFT.
Designed to boost user involvement and integration inside the ecosystem, plans for an exclusive airdrop to asset holders hope to.
Technically, the Shibarium ecosystem made significant progress in September 2024 with a Puppynet testnet major update. The hard fork Cancun and software update Bor (version 1.3.7-bone-beta) greatly improved the scalability, security, and general performance of the network.
Faster transactions and better data management made possible by these developments help Shibarium to thrive going forward.
