Disclosure: This article does not constitute investment advice. The content and materials presented on this site are for educational purposes only.
SHIB drops 21.27% in December, paving the way for 1FUEL with a hot presale and an expected return of 500% before launch.
December was a disappointing month for the SHIB Army due to a steady decline. It has lost 21.27% since December 1st, meaning the door is open for another altcoin to step into the spotlight. With a red-hot presale and expected returns of over 500% ahead of the public launch, read on to find out why privacy-focused cryptocurrency 1FUEL is the leading contender for altcoin supremacy in 2025.
The SHIB army faces an uphill battle after the daily burn rate skyrockets
After an overwhelmingly positive year for the SHIB Army, its staunch supporters will no doubt be a little miffed that 2024 is ending on a negative note and December is expected to end on a negative note. The meme coin has been in a downtrend for most of the month, with the decline starting around the 8thTh of the month.
On December 8th, SHIB prices moved strongly around the $0.000034 mark, but fell to $0.000024 just two days later. SHIB prices continued to fall to a monthly low of $0.000019 on December 20th.
Further hindering SHIB’s ability to recover before 2025 is a massive 972.96% increase in the daily burn rate. This burning, which took place on the 29thTh December could well secure SHIB’s return to its all-time high of $0.000090 in the longer term, but…
