Shiba Inu While it was trading around $0.00002487, it increased by approximately 1% in daily trading. Meme coin has traded mostly sideways on indices this month, with little to no price bounce. Investors struggled to make profits in day trading as SHIB remained on the backburner. However, a new price prediction suggests that the price could rise within the month and could even increase by 175%.
Price prediction using on-chain metrics CoinCodex, predicts an uptrend for SHIB this month. The latest prediction is that the Shiba Inu could reach $0.00006844 by the end of May 2024
This represents an increase of approximately 175% from its current price of $0.00002487. Therefore, a $1,000 investment could turn into $2,750 if the prediction turns out to be correct.
If Bitcoin rises and surpasses its all-time high of $73,737, meme coin It also has the potential to rise in the charts. Shiba Inu mostly moves with Bitcoin and a bull run could also see SHIB erase its fourth zero.
However, there is of course no guarantee that the Shiba Inu will surge 175% this month and provide excellent returns to investors. The cryptocurrency market is extremely volatile and cuts both ways, causing serious losses to its holders. Therefore, it is useful to think carefully and take risks into account before making investment decisions.
