Shiba Inu (SHIB) Price Projection for December 1

As Shiba Inu (SHIB) wraps up the month, it is expected to print a bullish surge to start in December.

What Shiba Inu has achieved in building a robust community of enthusiasts is an unusual feat in the highly competitive Web3 and memecoin landscape.

To keep up with this trend, it has to continually impress its investors and members of the Shib Army with innovations that have helped it maintain its appeal in the industry.

With the festive season coming, our SHIB price project is entering the new month.

SHIB Price Prediction for December 1

At press time, Shiba Inu is up 1.94%, placing its price at $0.000008332. The token’s growth metrics are in the green, with market capitalization jumping by the same percentage to $4,905,243,438 and trading volume coming in at $127,993,178.

Despite the outlook, a cautious projection is important, seeing SHIB only managed to soar by 3.82% in the past month despite the impressive fundamental news that engulfed the market. One of the central themes of this news is the hype about the potential Bitcoin spot ETF approval.

By itself, Shiba Inu did not unveil any landmark update, save for the consistent burn rate and Shibarium hitting a significant total transaction milestone.

Over the past month, the highest recorded price for SHIB is $0.00000958, as market bulls failed to erase one zero from the asset’s price. While the general expectation is that the token will achieve this feat in December, projections from Changelly, a top crypto exchange, posit that SHIB will trade at $0.000008650 on December 1, up 3.84% from its current price level.

While Changelly projects SHIB’s price at $0.000008894 by December 28, there’s a general long-term expectation that Shiba Inu will touch 1 cent.

SHIB Price and Susceptibility to Market Conditions

It is worth noting that the current uptick SHIB is showing in its price stems from the broader sentiment in the digital currency ecosystem.

With Bitcoin experiencing a bullish resurgence that has helped it reclaim the $38,000 resistance, SHIB merely leveraged its correlation with the BTC to maintain its price stability. 

Notably, SHIB will also depend on BTC and broader market sentiment to achieve the December 1 prediction from Changelly without any inherent ecosystem news.