Shiba Inu Price Prediction: Can SHIB reach $0.00002 this weekend?
SHIB (Shiba Inu Coin) has followed the recovery of the cryptocurrency market, with a daily increase of 5.3%, a weekly increase of 4.5%, an average increase of 3.6% in 14 days, and a small increase of 1.6% last month. In particular, since September 2023, the price of SHIB has soared by nearly 92%. Let's talk about whether SHIB can reach $0.00002 this weekend?
Let's talk about SOL. Can it soar to $250? We will analyze it later.
Why can SHIB rise? The rise of SHIB this time is mainly led by Bitcoin (BTC), which has re-entered the $63,000 mark, which is the first time since late August 2024. Market sentiment has obviously warmed up.
The rise of BTC is attributed to the Federal Reserve's big move and a 50 basis point interest rate cut, which is the first time in nearly four years. With the interest rate cut, everyone is willing to take a chance on high-risk investments, and cryptocurrencies are naturally popular.
Can SHIB break $0.00002 this weekend?
Judging from the current momentum, SHIB will continue to rise in the next few days. It is predicted that by Sunday, September 22, SHIB will be able to touch $0.00002689, which is nearly double the current price!
However, the Changelly platform is not optimistic that SHIB can hold $0.00002, and they think it will have to pull back before the end of the month.
CoinCodex's forecast is also optimistic, but relatively conservative, saying that SHIB will reach $0.00002294 on Sunday, but it is not expected to stay at this price for too long, and it may pull back in early October.
In general, as long as BTC continues to lead, SHIB's momentum is expected to continue to rise, but whether it can be stabilized above $0.00002 depends on the market.
As for whether SOL can reach $250, we will analyze it next time!
