Shiba Inu, is up more than 250% in the last 14 days. That’s why it became one of the best performing cryptocurrencies this month. This rapid rise reminded SHIB of the bull run times of 2021, creating a predominantly bullish sentiment in the market.
Shiba Inu’s rise is reminiscent of the stunning performance that took place in October 2021. At the time, SHIB had increased by more than 1,000% in just one month. Therefore, it had reached its all-time high of $0.00008616. This shows that the Shiba Inu has been able to experience large price increases in the past, and such rapid increases may occur again.
The fact that SHIB increased by 85,000,000% (85 million percent) between August 2020 and October 2021 is quite impressive. This demonstrates SHIB’s incredible performance and rapid appreciation during that period.
Especially noteworthy is the information that Shiba Inu made its first owners millionaires with an investment of only $ 1,000 or more. Such rapid value increases crypto- It shows the potential and opportunities of the world.
However, it is important to remember that every investment involves risks and past performance does not guarantee future results. It is important to do careful research and evaluate the risks before investing in the crypto market.
Shiba Inu May Repeat Price Increase in 2021, Analyst Predicts
Leading cryptocurrency analyst Alan Santana said:meme coinHe predicted that it could rise 822% from its current price of $0.000031. The analyst shared a chart on TradingView showing that SHIB could soon far surpass its current price. Now that Shiba Inu remains in the green, the token is likely to maintain its momentum and rise on the indices.
He noted that based on the price forecast, SHIB could rise 6x from here, with a potential increase of 822%. Therefore, he predicted that the price of SHIB could reach its all-time high of $0.00029. In the downward direction, cryptocurrency If the market declines, he urged investors to keep a stop loss at $0.00000722.
However, he clarified that this prediction is only for long-term investors and investors aiming to make quick money should not pay attention to it. He also emphasized that this could be the “last call before takeoff” that could cause SHIB’s price to rise.
At the time of writing, the Shiba Inu is trading at $0.000031. Additionally, it was down nearly 10% in 24-hour daily trading. Additionally, SHIB has fallen nearly 63% from its all-time high of $0.00008616 reached in October 2021.
