Just a few days before 2024, Shiba Inu, is poised for a roller coaster ride despite its turbulent price history. In the last three years, the token has weathered two January storms. Both resulted in double-digit price fluctuations for SHIB.
In 2022, CryptoRank data revealed that SHIB closed January with a significant loss of 36% in value. However, by 2023, the situation has changed dramatically, with SHIB posting an impressive gain of 46.2% at the end of the first month. The mean and median values of SHIB’s January price changes on the limited data set were 5.1%.
Koinfinans.com As we stated, especially cryptocurrency Considering the unpredictable nature of its market, especially when it comes to a notorious token like Shiba Inu, it is crucial to approach these historical trends with caution. With only a three-year history, it may not make sense to rely on past performance to predict the future of the Shiba Inu.
However, the sustained January movements in SHIB are evident. The big question is whether the popular token will continue its trend of sharp price fluctuations in January 2024 or whether it will defy expectations and deliver a more measured performance.