TL;DR
- Shiba Inu (SHIB) recently hit a three-week high, with some analysts predicting a potential massive bull run, though highly ambitious price targets seem unlikely.
- Rising social engagement and positive sentiment on platforms like LunarCrush suggest the meme coin may see further gains in the near future.
Is SHIB Ready for New Glory Days?
The second-biggest meme coin in terms of market capitalization has performed quite well lately, with its price surging to a three-week high on September 19. In fact, it is among the cryptocurrencies registering the highest increase following the US Fed’s decision to cut rates by 0.5%.
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