Shiba Inu (SHIB) could potentially lose a zero from its price in 2024, but it would require a rally of over 400% from its current value of $0.0000199. However, is such a surge likely in 2024? The answer is no. It's improbable for SHIB to experience such a significant rise due to the increasingly competitive market of dog and cat-themed cryptocurrencies.
Will Shiba Inu (SHIB) Drop a Zero in 2024?
In 2021, Shiba Inu skyrocketed by 2,140% within just 50 days, dropping a zero from its price as it climbed from $0.000004 to $0.000089. This rally occurred during a bull market when SHIB stood out among other dog-themed cryptocurrencies, benefiting from strong marketing and market optimism.
However, much has changed since 2021. Investor sentiment has shifted, and there are now many more investment opportunities, including new frog and cat-themed tokens. Additionally, the 2024 U.S. presidential elections have introduced a new wave of politically-themed cryptocurrencies, further fragmenting market liquidity. Consequently, the likelihood of SHIB losing a zero in 2024 is quite low.
❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE
⌨️ COMMENT
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
