Shiba Inu saw its largest monthly gains in 2022 in February, rising 20.33% for the whole month. In July, Shiba Inu sought to repeat the action and ended the month 13% higher. Given its recent price increase, it could be on track to repeat a similar action.
The price of SHIB reached its highest level since August 2022 on October 29 when it surged by nearly 30% to $0.00001519. Shiba Inu's price rose by more than 54% during this time due to an upswing that was a part of a larger surge that started on October 25.
However, for SHIB to record its next largest monthly gain since February, a closing above the $0.000013 level and even higher at $0.000015 is required. SHIB was trading at $0.0000124 at the time of publishing, up 1.12% from the previous day.