---
title: "Shiba Inu Skyrockets 15% Daily Amid Predictions About New SHIB All-Time High"
url: https://diffcoin.com/shiba-inu-skyrockets-15-daily-amid-predictions-about-new-shib-all-time-high/
description: "SHIB is the top performer in the past 24 hours among the largest digital assets."
published: 2024-12-01
updated: 2024-12-01
author: "Mila"
site: "Diffcoin"
---

# Shiba Inu Skyrockets 15% Daily Amid Predictions About New SHIB All-Time High

The second-largest meme coin was relatively sluggish in the past few weeks but managed to break out today and tap a new multi-month peak of over $0.000033.

As such, it briefly re-entered the top 10 altcoins by market cap, but the subsequent retracement pushed it back to 11th spot after Avalanche.

![SHIBUSD. Source: TradingView](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAxODM1IDgxOSIgd2lkdGg9IjE4MzUiIGhlaWdodD0iODE5IiBkYXRhLXU9Imh0dHBzJTNBJTJGJTJGY3J5cHRvcG90YXRvLmNvbSUyRndwLWNvbnRlbnQlMkZ1cGxvYWRzJTJGMjAyNCUyRjEyJTJGU0hJQlVTRC5wbmciIGRhdGEtdz0iMTgzNSIgZGF0YS1oPSI4MTkiIGRhdGEtYmlwPSIiPjwvc3ZnPg==)

SHIBUSD. Source: TradingView

Shiba Inu, alongside the rest of the crypto market, benefited substantially of Donald Trump’s landslide win in the November US presidential elections. It stood below $0.000017 at the time but quickly soared past $0.00003.

However, it slipped in the following weeks to $0.000025, where it stood from November 12 to earlier today. In a somewhat surprising move during the weekend, the second-biggest meme coin shot up by more than 22% and soared past $0.000033 for the first time since March this year.

Although it has retraced slightly, it still trades above $0.00003 and its gains on a 24-hour scale sit at 15%. This price rally came amid a massive rise in the SHIB burn rate on a weekly scale, according to Shibburn.

> HOURLY SHIB UPDATE[$SHIB](https://twitter.com/search?q=%24SHIB&src=ctag&ref_src=twsrc%5Etfw) Price: $0.00003185 (1hr -0.64% ▼ | 24hr 17.84% ▲) 
> Market Cap: $18,780,263,000 (17.89% ▲) 
> Total Supply: 589,259,826,175,294
> 
> TOKENS BURNT 
> Past 24Hrs: 15,108,278 (-97.88% ▼) 
> Past 7 Days: 2,161,898,903 (985.19% ▲)
> 
> — Shibburn (@shibburn) [December 1, 2024](https://twitter.com/shibburn/status/1863297054639820966?ref_src=twsrc%5Etfw)

The Shiba Inu community was quick to pick up and celebrate the move, with many predicting even more impressive gains in the future. Some slightly exaggerated forecasts envision a further 10,000% surge for the token, which would make it by far the biggest in the crypto market.

SHIB_KNIGHT was more modest but still predicted a new all-time high for SHIB after today’s surge. It’s worth noting, though, that the meme coin is still 64% away from its peak reached over three years ago. Its price would almost need to triple from its current levels to exceed the $0.000086 reached on October 28, 2021 (CoinGecko data).

> New ATH Journey started for [$SHIB](https://twitter.com/search?q=%24SHIB&src=ctag&ref_src=twsrc%5Etfw) [pic.twitter.com/X0jLPKevQk](https://t.co/X0jLPKevQk)
> 
> — $SHIB KNIGHT (@army_shiba) [December 1, 2024](https://twitter.com/army_shiba/status/1863237718349648211?ref_src=twsrc%5Etfw)

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