In the last 24 hours, the total value of the cryptocurrency market decreased by 1% to 2.35 trillion dollars. The price of Shiba Inu decreased by 3.7% on the daily chart and decreased by 12.3% on a weekly basis. On a monthly basis, the price showed a negative outlook, decreasing by 11%.

This decline in the cryptocurrency market is attributed to macroeconomic reasons such as high inflation and decreased interest rate cut expectations. Additionally, global geopolitical tensions also create a negative atmosphere.

According to CoinCodex, SHIB has the potential to increase in price in the next few days. The platform predicts that SHIB could reach $0.00002343 on May 15, 2024, implying a growth of 7.63% from current levels. Additionally, CoinCodex predicts that SHIB will continue its uptrend for the rest of the month and reach $0.00004171 on May 31, 2024. Reaching this figure from current levels would mean 91% growth.

On the other hand, Changelly expects further rise in Shiba Inu price. The platform predicts that the dog-themed meme coin will reach $0.00002745 on May 15, 2024, representing a 26% growth from current levels. Additionally, Changelly predicts that SHIB will reach $0.00005101 on May 31, 2024, which would represent a growth of over 134%.

Therefore, Shiba Inu (SHIB) may experience a major price increase in the next few days. However, it should be taken into account that traders are currently quite passive and the possibility of the asset undergoing a price consolidation at current levels should also be considered.

#BitcoinDunyamiz

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