8The cumulative value of the cryptocurrency market lost 1% in the last 24 hours, decreasing its total value to 2.35 trillion dollars. Shiba Inu Its price decreased by 3.7% on the daily chart and decreased by 12.3% on a weekly basis. The price continues to show a negative outlook, declining by 11% on a monthly basis.
cryptocurrency The decline in the market is attributed to macroeconomic reasons such as high inflation and decreased interest rate cut expectations. Additionally, global geopolitical tensions are also contributing to negative sentiment.
CoinCodexAccording to , SHIB has the potential to register a price increase in the next few days. The platform expects SHIB to reach $0.00002343 on May 15, 2024. This means a growth of approximately 7.63% from current levels to $0.00002343. Moreover, CoinCodex predicts that SHIB will continue its upward trajectory for the rest of the month and reach $0.00004171 on May 31, 2024. Reaching $0.00004171 from current levels would represent growth of approximately 91%.
On the other hand, Changelly expects further rise in Shiba Inu price. Platform, dog themed meme coinHe predicts that it will reach $0.00002745 on May 15, 2024. Reaching $0.00002745 from current levels would represent growth of approximately 26%. Additionally, Changelly predicts that SHIB will reach $0.00005101 on May 31, 2024. Reaching $0.00005101 from current levels would represent growth of over 134%.
Therefore, Shiba Inu (SHIB) may witness a massive price increase in the next few days. However, given that traders are very inactive at the moment, there is also a possibility that the asset will undergo a price consolidation at current levels.
