Shiba Inu Set for Long-Term Bull Market As 2024 Accumulation Phase Begins
- The final accumulation phase of 2024 presents an opportunity to purchase Shiba Inu and other altcoins at low prices.
- While growth has been gradual, Shiba Inu is projected to see notable gains heading into 2025.
- Despite recent dips, strong trading volume for Shiba Inu reflects ongoing investor interest and potential future growth.
As the cryptocurrency market moves closer to the year 2025, Alan Santana has made some predictions about the possibility of a long term bull market and Shiba Inu (SHIB) in particular. In a recent post on X, Santana pointed out that the altcoin market is now in the last accumulation stage of 2024, and this is a good time for investors to buy cheap before the next bull rally.
This accumulation phase can take a few months and hence gives the investors enough time to prepare for the next rise. This current bear market in the cryptocurrency market is in harmony with the previous analysis from August, which indicated that there is still one more dump before altcoins like Shib could start an accumulation phase. This structure is poised to propel the market into massive growth in 2025.
Shiba Inus Steady Progress
However, during the same period, some of the assets have surged, and Shiba Inu has only increased at a slow pace. In the last three weeks, Shiba Inu has been relatively stable, while other altcoins have shown much more strength. The analyst highlighted that not all the assets will be aligning at the same speed and there will be a notable growth of Shiba Inu by 2025.
As of today, Shiba Inu (SHIB) trades at $0.00001594. During the last 24 hours, the coin price decreased by 1.44%. Last week has been worse for SHIB as it saw a 5.46% decline in its price. However, the value of Shiba Inu has been a bit shaky in the past few days, but still, it continues to have a 24 hour trading volume of $784,832,585. This high trading activity points towards the tokens price staying volatile, and people still trading the token.
Source: TradingView
Bearish Phase Before 2025 Bull Run
This bearish trend is expected to persist for some few more weeks before the market enters a bullish phase which may take several months. Looking at the future towards 2025, there is still expected to be a general upward trend in the business and investors who are able to keep up with the trends and prepare themselves will be very well placed to reap the rewards of these periods of growth and avoid the pitfalls.
While Shiba Inu and other altcoins are in this crucial accumulation stage, investors should be cautious. The coming months may open up quite a few compelling opportunities and those who are ready may get a lot out of the long-term expansion that is predicted for 2025.
Read more: https://www.tronweekly.com/shiba-inu-set-for-long-term-bull-market-as-2024/
Text source: TronWeekly
