Shiba Inu could see triple-digit gains next month: Here’s why!
Shiba Inu could continue to rally in October, with historical data suggesting SHIB could surge 283% next month. SHIB once rallied more than 52% to a three-month high of $0.00002156, a staggering gain that wowed many market participants.
However, SHIB has since experienced a sharp correction, currently trading at $0.00001869. But historical data seems to indicate that the dog-based token is expected to regain its momentum in October.
Let’s talk about Shiba Inu’s October performance:
Looking back, both Shiba Inu and the cryptocurrency market have typically performed well in October. October is nicknamed “Uptober” in the crypto community, and it often leads to a sharp rise in Shiba Inu prices.
CryptoRank data also confirms this trend, showing that Shiba Inu has performed well every October since its launch in 2020. In particular, in October 2021, SHIB recorded a staggering increase of 833.6% and set a record high of $0.00008616.
Although SHIB did not experience a similar surge in October 2022 and 2023, both ended with positive returns. In October 2022, SHIB achieved a double-digit increase of 10.45%; while the following year it rose slightly by 6.04%.
Forecasts show that SHIB may surge to $0.00007165 next month
Given Shiba Inu's outstanding performance in October over the past three years, CryptoRank data shows that SHIB has an average growth rate of 283.4% and a median return rate of 10.4%. If Shiba Inu can rise at this rate, the price of SHIB may soar from the current $0.00001869 to $0.00007165.
In other words, if you have 100 million SHIB tokens, currently worth $1,869, then it will be worth $7,165 at the predicted price. Of course, whether Shiba Inu can really rise 283.4% to $0.00007165 in October is still unknown. But Shiba Inu fans are still full of expectations for next month.
At present, I have locked in a potential dark horse coin that is about to soar, and doubling is just an easy jump! The bigger goal is to carefully select a batch of potential coins that are expected to explode before the end of the year. I will announce the specific big moves inside. Click the avatar to follow me and share directly!
