As September comes to a close, crypto and altcoin market expectations have skyrocketed. However, there is still a week left in the month, so digital assets have plenty of time to turn around. CoinCodexâs machine learning algorithm believes that the price of SHIB could double from here, which is a positive sign for Shiba Inu.
Price Increase Expected By End Of September
The Shiba Inu price has seen multiple sharp drops in Q3 2024, much like the cryptocurrency market. This has brought its price back down to where it was at the start of the year. Despite this pessimism, investors were able to buy the meme coin at a discount. Shiba Inu investors can be excited as the price recovers.
CoinCodex's machine learning system, which analyzes multiple variables to forecast cryptocurrency prices, predicts a bullish price move for Shiba Inu. Estimates for the five days leading up to the weekend show a recovery underway.
The machine learning system predicts the Shiba Inu price will increase by $0.00003084 from here. A 113.06% increase would double the price. Even more intriguing is that this is scheduled to happen in five days.
The Shiba Inu price forecast is becoming increasingly bearish as time goes on. Despite predicting a more than 100% increase, the 30-day forecast predicts that this weekâs gains will be completely wiped out. The forecast predicts a price drop back to $0.00001444 by October after this breakout. This would represent a 50% drop from $0.00003084.
When Will Shiba Inu Prices Peak?
Shiba Inu is currently down 80% from its all-time high of $0.000088, so the meme coin has a long way to go before it reaches its maximum. The machine learning system predicts when the price of SHIB will break above this level in the long run.
According to forecasts, the Shiba Inu price may not peak for another five years. The next five-year high is $0.00148 in 2029. The machine learning system predicts the peak of the bull run in 2025 at $0.00006286.
