Crypto investors view December as the month of “Santa’s Rally” where stock prices as well as crypto assets are expected to soar ahead of the day Christmas. It seems that the SHIB price prediction this month will not experience a significant rally.
The Santa Claus Rally is a myth that appeared ten years ago because asset prices tend to move sideways. On Monday (05/12/2022), the price of Shiba Inu (SHIB) rose by almost six percent and almost reached US$0.00001.
SHIB Price Prediction
SHIB hit a daily high of US$0.0000099 and is barely trading with four zeros ahead instead of the current five. If SHIB manages to maintain its positive momentum, crypto memecoins it can eliminate one zero and trade with four leading zeros.
The competitor cryptocurrency Dogecoin (DOGE) did not perform well in December 2020 and 2021. In December 2020, SHIB was traded at US$0.00000000007, that is, with ten zeros ahead after previously having nine zeros in September 2020.
In December 2021, SHIB declined again after hitting a record all-time high for US$0.000086 in October of that year. Despite reaching all-time highSHIB fell again to US$0.000032 in December of the same year.
The SHIB price prediction doesn’t look good in December 2022, because the price is weakening every day except last Monday. Teacher Watcher launch, SHIB is expected to continue to weaken during December.
The Shiba Inu team is planning multiple updates to roll out in 2023. The latest product releases include workarounds layer-2 Shibarium, project metaversedecentralized exchange Shiba Swap, Shiba Net, stablecoins SHI and Treat tokens.
Among these updates, Shibarium highly anticipated by investors. The reason is, Shibarium is expected to drive SHIB prices through a mechanism burning or supply reduction token SHIB.
However, there is no tentative release date for the solution yet layer-2 the. Unification as a Shibarium developer says documentation will be published after the third quarter of 2022.
SHIB is trading at US$0.0000094, down 0.3 percent in the last 24 hours and slumped 74 percent in the past year according to CoinGecko data. burning SHIB totaled 44,328,245 tokens in the last 24 hours, an increase of 151 percent. [ed]