Will Shiba Inu prices hit $0.00002 by Christmas 2023?

The Shiba Inu (SHIB) has risen rapidly since its launch in August 2020, reaching an all-time high in October 2021. As SHIB rose nearly 85,000,000% (85 Million%), many early investors made millions on small investments. However, the popular meme coin has been on a downward trajectory since its peak. SHIB is down nearly 92% since October 2021. Additionally, SHIB will decline by 14.5% in 2023 alone. Still, fans and investors remain hopeful that the Shiba Inu can regroup and regain its former glory.

For a Shiba Inu (SHIB) to 3X, it would need to reach a price of 0.00002076. This represents a 200% increase from current levels. Although SHIB has shown such growth before, whether the Shiba Inu can rebound before Christmas 2023 remains controversial. Many are hoping that the launch of Shibarium, the project’s layer 2 network, will spark a SHIB backlash. However, the launch had virtually no impact on SHIB’s price. Still, that doesn't mean Shibarium is a failure. In fact, quite the opposite is true. The network continues to grow healthily, with the number of users increasing every day. Additionally, the network allows for long-term SHIB adoption as more and more applications are built on SHIB.

Will Shiba Inu prices hit $0.00002 by Christmas 2023?

According to Changelly, SHIB will not reach $0.00002 before 2025. However, this does not take into account the fact that we are likely to enter a cryptocurrency bull market next year. With spot Bitcoin (BTC) ETFs emerging and the Bitcoin halving still 5 months away, we could see a sudden price increase in early 2024. Additionally, as bull market expectations intensify, more people may start investing in cryptocurrencies, especially meme coins that have shown “moonshot” potential.

Therefore, SHIB could reach $0.00002 by this Christmas. Additionally, the holidays could trigger a minor rally as people prepare for an expected cryptocurrency rally in the new year and early 2024.

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