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Will Shiba Inu Ride the Crypto Bull Run and Reach $1 in 2024?

TheMotleyFool

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Will Shiba Inu Ride the Crypto Bull Run and Reach $1 in 2024?: https://g.foolcdn.com/editorial/images/760676/shiba-inu-dog-doge-dogecoin.jpeg

After a brutal year-long crypto winter, the cryptocurrency market seems to be ramping up for a potential bull run. With the total crypto market cap nearly doubling in 2023, there's a renewed sense of optimism throughout the industry.

Amid this resurgence, it's worth checking in on some of the top performers from the previous bull market, like the meme coin Shiba Inu (CRYPTO: SHIB). Just a few years ago it went on a monumental run, increasing by more than 28,000,000% in 2021. With things starting to pick up in crypto yet again, can Shiba Inu harness this newfound momentum and soar to the elusive $1 mark?

Image source: Getty Images.

Source Fool.com

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