- Shiba Inu (SHIB) is expected to hit a new all-time high of $0.00003232 by the end of November 2024
- Ripple (XRP) is predicted to rise by 14.50% and reach $1.253745 by December 20, 2024
- The bullish sentiment for SHIB and XRP is driven by Bitcoin’s surge past $94,000 and the overall market momentum
Shiba Inu (SHIB) and Ripple (XRP) are two leading cryptocurrency tokens that have been performing well in the market recently. As Bitcoin continues to soar past $94K, the market is ushering in new gains, with the prices of SHIB and XRP also moving upwards. In this article, we will look at whether these two tokens will be able to hit new highs before the end of November 2024.
Shiba Inu (SHIB) Price Analysis
Shiba Inu is currently trading at $0.000002452, up 0.25% in the last 24 hours. The token has been doing fairly well considering the overall market momentum. SHIB is up 31% in the last month and has seen a stellar 187% growth in the last year.
According to Lucie, Shiba Inu’s marketing lead, the SHIB ecosystem is currently exploring new projects, including the much-awaited Doggy DAO and SHI stablecoin, to maintain steady growth. The team is also building SHIB Marketplace, SHIB DeFi, and SHIB Socials as core system projects for long-term success.
As November ends, the price of SHIB may hit a new high of $0.000003232 by the end of this month (2024). By mid-December, SHIB may stabilize around $0.000002474.
Ripple (XRP) Price Analysis
XRP is also moving upwards as Bitcoin breaks above predicted levels. The token is entering a new growth phase as it recently hit $1. With Ripple forging global partnerships, XRP is expected to see consistent gains ahead.
With the Trump regime supporting crypto and the president-elect planning to oust SEC chair Gensler, XRP has strong potential to hit new highs very soon.
Per CoinCodex, XRP may reach $1.43 by end of November 2024. By mid-December, it can hit $1.25, stabilizing afterwards.
Conclusion
Based on current projections, both SHIB and XRP look set to register new all-time highs by the end of November 2024. The overall market sentiment remains bullish at the moment. For traders and investors, this looks like an opportune time to buy both these tokens.
