Shiba Inu (SHIB), known as a leading meme coin, has demonstrated impressive performance with a notable 30% surge in price over the past month. This comes in light of a remarkable 181% growth over the past year, fueling investor confidence in its potential.
While minor market corrections have occurred, SHIB's strong momentum suggests the possibility of continued gains. Analysts are optimistic that SHIB may follow a similar trajectory to XRP, potentially surpassing the $1 mark by 2024.