Shiba Inu Price Increases 250% in One Month, Its Popularity Soars Worldwide

According to CryptoPotato, the price of the Shiba Inu increased by 250% in one month, increasing interest and search activity worldwide. While analysts predict further rises, developments such as the Shibarium blockchain solution and a significant increase in the token's burn rate may contribute to the possible rise. Shiba Inu, the second largest meme coin, has made serious waves over the past few weeks, with its price increasing by 250% on a monthly basis. The massive revival has caught the attention of the crypto community and investors.

The Shiba Inu's popularity on the largest search engine has risen to levels not seen since December 2021, according to Google Trends. Top countries interested in the asset include Singapore, the USA, the Netherlands, Canada, Belgium and more. Data shows that the most common phrases written about SHIB on Google are “Shiba Inu coin price,” “Shiba Inu price prediction,” and “Shiba Inu coin news.” Despite its momentum stalling over the past few days, the token may have more fuel for an additional rally in the near future.

Analysts Ali and JAKE agree on the potential for further upside. Ali recently claimed that SHIB has formed a “symmetrical triangle on the 4-hour chart,” which “could trigger a 40% bullish breakout with a sustained close above the $0.000038 resistance.” JAKE was even more optimistic, predicting that the self-proclaimed Dogecoin killer would become the biggest meme coin in 2025. Currently, DOGE is number one with a market value of $24 billion, while its rival is ranked second with $19 billion. Another important aspect is the further development of the layer-2 blockchain solution Shibarium and the successful execution of the writing program.#SHIBA✅ $SHIB