The Shiba Inu (SHIB) meme coin is predicted to rally to new all-time highs during this bull cycle, with analysts expecting it to surpass its previous high of $0.000086. The price of SHIB has already increased significantly in recent weeks, reaching $0.00002 and suggesting a potential parabolic rally in the fourth quarter of 2024. Prominent Shiba Inu supporter 'SHIB Knight' has expressed optimism about the coin's price outlook, sharing a price chart indicating the potential to surpass $0.00008 and achieve a new all-time high. Shiba Inu achieved an all-time high of $0.000086 in October 2021, and it would need a 330% surge to reach that level again. Despite previous declines, SHIB has been gaining momentum and experiencing strong price dynamics, with a 48.20% increase over the past month and a 45.84% increase in the last seven days. Other meme coins like Dogecoin and Pepe have also been gaining momentum in the past week, indicating a shift in investors' sentiment towards the meme coin market. A crypto analyst named 'AllInCrypto' has acknowledged this positive momentum and believes that the pullback for meme coins is likely over, noting Shiba Inu's impressive price movements.



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