In May, $SHIB Should Reach New ATH
Changelly predicted Shiba Inu's price from May to End of 2024 on Wednesday, April 24. Shiba Inu fell 14.06% after reaching record highs of $0.00004, according to CoinMarketCap.
Changelly analysts expect Shiba Inu prices to surpass all-time highs next month. They forecast the cryptocurrency to rise slowly to $0.000312 in April before exploding to $0.000087 by May.
Changelly expects May Shiba Inu prices to average $0.000034 and drop to $0.0000061. Analysts say Shiba Inu has been rising 22.22% in recent days due to good pricing fundamentals.
The cryptocurrency dropped sharply in March due to declining demand for meme coins. Changelly expects Shiba Inu to climb 11.97% by April 26, 2024.
According to CoinMarketCap, the coin is trading at $0.000025, up 1.35% in 24 hours and 12.58% in 7 days. Changelly boldly stated that Shiba Inu may become a “solid asset” in the volatile cryptocurrency industry if it breaks adverse trends and rises to projected levels.
Price Will Fall After Bullish Surge
Due to price swings, Changelly expects Shiba Inu to fall after its positive price projection in May. Crypto exchange analysts expect a June decrease of $0.00005, with a low of $0.000024 and a high of $0.000075.
Shiba Inu may fall to $0.000025 by July 2024. From August to October, Shiba Inu prices are expected to rise to over $0.00008.
Changelly has warned that the cryptocurrency may plummet in December despite its positive forecast. Shiba Inu may reach new lows of $0.000014 on average, with a minimum and highest trading value of $0.000014 and $0.000013.
