Shiba Inu (SHIB), a dog-themed memecoin, has been steadily climbing the cryptocurrency rankings by market capitalization and is currently in 12th place. Crypto analysts believe that SHIB's trajectory suggests it could soon enter the top 10 cryptocurrencies. SHIB's value has experienced a significant rally since the beginning of Q4 2024, surging by 208% and breaking multiple resistance levels. The memecoin's market cap has also been steadily rising, reaching $19.41 billion by December 5. Although SHIB's market cap pulled back slightly to $18.28 billion, analysts predict that it will continue to rise. SHIB is expected to surpass Avalanche (AVAX), currently ranked 11th, and potentially enter the top 10 cryptocurrencies.



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