Shiba Inu (SHIB) has been among the best-performing assets over the last four years. From its launch in August 2020 to its all-time high in October 2021, SHIB’s price increased by many millions of percent. This success cemented SHIB’s name as a millionaire-making entity. However, the price of the popular meme coin has struggled since its peak in 2021.
Despite its lackluster performance in 2022 and 2023, SHIB fans are likely in for a surprise this year. According to CoinCodex, the price of SHIB is likely to rise to $0.00008009 on June 11, 2024. Reaching $0.00008009 from current levels would mean growth of approximately 240%.
Changelly is also bullish for SHIB over the next few weeks. The platform predicts that SHIB will reach $0.00007734 on June 8. Reaching $0.00007734 from these current levels would mean growth of approximately 227.5%.
When Will Shiba Inu Reach All-Time Highs?
SHIB reached its all-time high of $0.00008616 on October 28, 2021, a few days before Bitcoin (BTC) and Ethereum (ETH) reached their respective peaks. SHIB’s price has fallen by approximately 73% since then. Bitcoin While (BTC) reached an all-time high earlier this year, other altcoins show no signs of hitting a new high anytime soon. However, SHIB is predicted to reach $0.00008009 in June. If the asset can maintain this level, the rally is likely to continue until SHIB reaches a new all-time high.
Moreover, there is a possibility that the spot Ethereum (ETH) ETF will be approved by the SEC. It is possible that this could trigger a market-wide rally. In this context, many assets are likely to reach all-time highs. It is possible that such a development could help the Shiba Inu regain its 2021 peak.
