September has witnessed a surprising bullish turn, especially for the Shiba Inu (SHIB) cryptocurrency, contrary to investor fears. SHIB has surged to a three-month high as the broader crypto market began to rise.
This surge coincides with the Federal Reserve's decision to cut interest rates by 50 basis points, which spurred positive movement across the crypto sector.
As a direct result, the price of Shiba Inu has reached new highs, prompting experts to predict that SHIB could soon hit $0.00016.
