One of the most well-known memecoins, Shiba Inu (SHIB), has increased by about 10% in the weekly charts. The token’s price has increased significantly since October 2023, while struggling for the majority of the year. SHIB is getting close to breaking through $0.000009 after struggling to break over the $0.000008 barrier level.
The Shiba Inu (SHIB) has increased by almost 10% since January 2023. However, at the same period, cryptocurrencies like Solana (SOL) have increased by more than 400%.
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The original cryptocurrency, Bitcoin (BTC), has increased by around 120% since January. As a result, SHIB’s 2023 performance has been a tad lacklustre thus far.
Shiba Inu (SHIB) Weekly Forecast: $0.00001 Price Target Analysis,Shiba Inu (SHIB) Weekly Forecast: $0.00001 Price Target Analysis
The price level of $0.00001, last observed in August 2023, is presently being pursued by SHIB. The widely awaited debut of Shibarium earlier this year did not significantly affect the asset’s price.
The most plausible reason for the lack of price movement following Shibarium’s introduction is that Bitcoin hasn’t moved. It wasn’t until Bitcoin hit a record high per year that SHIB’s price started to gain traction.
PricePredictions’ machine learning model indicates that SHIB will not go to $0.00001 very soon. The platform projects that SHIB will stay in the $0.000008 range for the remainder of November. PricePredictions does, however, predict that the token will hit $0.000009 by the beginning of December.
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Moreover, CoinCodex predicts that Shiba Inu (SHIB) will not hit $0.00001 in November. The platform indicates that on November 28, 2023, SHIB can reach a maximum price of $0.000009777.
Should BTC maintain its upward trajectory, SHIB may trail suit. As of the now, Bitcoin is ruling the cryptocurrency market, and its surge might cause SHIB to remove a zero.
Shiba Inu (SHIB) Weekly Forecast: $0.00001 Price Target Analysis,Shiba Inu (SHIB) Weekly Forecast: $0.00001 Price Target Analysis,Shiba Inu (SHIB) Weekly Forecast: $0.00001 Price Target Analysis , SHIB coin Crypto news, SHIB coin News