The Shiba Inu (SHIB) ecosystem bids farewell to September. The meme coin has surged 26% in the past 30 days.
Unfortunately, October has not started well for SHIB. After just one week, the price of Shiba Inu has dropped by more than 12%. At press time, SHIB is trading at $0.00001663.
Shiba Inu performance and October price forecast
October Historical Performance
This came as a surprise to many, as SHIB has performed very well in October over the past few years. Data from CryptoRank shows that “Uptober” has been one of the most bullish months for the asset. The meme coin has seen an average gain of over 200%.
Current prices and potential to return to all-time highs
Can the asset retake its all-time highs this month? Currently, SHIB is trading 431% below its peak of $0.00008845. Therefore, it may be difficult for the asset to reach this level.
However, it’s worth noting that the month has only just begun, so SHIB’s trajectory could change at any time in the coming weeks.
Shiba Inu: Price Forecast for October
History is expected to repeat itself once again. According to Changelly, SHIB is likely to see a bull run in October. Later this month, Shiba Inu will rise to a high of $0.0000352. This would mark a 111.67% increase from its current price level.
The lowest trading price of the meme coin is about $0.0000155. Moreover, the average trading price of the asset will hover around $0.0000253.
This growth is very necessary for the Shiba Inu community. As the SHIB network develops further, the memecoin may see even greater growth.
