Can SHIB reclaim $0.00004 at the end of March?

Currently trading at around $0.00002507 after a period of stability, Shiba Inu (SHIB) is at a crossroads, facing the big question: Can it reach the coveted $0.00004 mark? Wait until the end of March? The digital token recently dropped 11% within 24 hours, currently targeting $0.00003, CoinGecko reports.

Historically, SHIB's big jumps have been consistent with major Bitcoin (BTC) milestones, especially when BTC soared to a peak of $73,000. Since Bitcoin often sets the pace for the crypto market, a breakout from BTC could elevate SHIB among other speculative altcoins.

However, with no significant updates or breakthroughs in the pipeline, hoping to repeat past fortunes – backed only by Bitcoin's performance – may not lead to long-term profits. The SHIB community and its developers are focused on wider adoption and SHIB Burn Portal to improve its economic model, which could be crucial for its upward journey.

While a spike driven by general market excitement could temporarily push SHIB above $0.00004, maintaining that position could be challenging without meaningful progress of project.

Forecasting SHIB's fate at the end of March depends on market psychology. Could the uptrend help it reach its target of 0.00004?

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