On Thursday, Shiba Inu was trading around $0.000015, down nearly 8%. SHIB fell sharply in the second half of 2024 and has lost 36% of its value in a month. The downward trend made investors nervous about entering the dog-themed token market.
While Shiba Inu leads the pack in the first half of 2024, the second half remains bleak. This quarter, Shiba Inu has seen a tougher trading environment with little positive price action. Will SHIB turn things around in 2024 and bounce back on the leaderboard? In this article, we’ll focus on whether SHIB will be trading high or low in 2024.
Shiba Inu: How high will SHIB be traded at in 2024?
Coinpedia, a leading on-chain metric and price prediction company, paints a positive picture for Shiba Inu in 2024. According to the price prediction, SHIB has bottomed out in the index and now is the best time to accumulate the coin. The prediction suggests that the lowest value SHIB can reach in 2024 is the range of 0.000010, which is its current value.
The price prediction estimates that the price of Shiba Inu will only rise from now on, reaching an average trading price of $0.000038. 禁qun加威；362014583 This is a nearly 280% increase from its current price. The forecast also predicts that SHIB will reach a yearly high of $0.00006697 in 2024. This would be an amazing growth if the prediction is accurate in the second half of the year.
If Shiba Inu reaches $0.00006697 as predicted, it will rise by 580% in the following months of 2024. A $1,000 investment could turn into $6,800 if the prediction is accurate. Moreover, the cryptocurrency market is highly volatile and there is no guarantee that SHIB will surge by 580% in the remaining months of 2024.