When can SHIB return to $0.00005?
In the past few days, the price of Shiba Inu (SHIB) has fluctuated significantly. Let's talk about when this coin can return to $0.00005.
Shiba Inu has really done well over the past four years, with more and more fans, becoming more popular year by year. Especially during the bull market in 2021, the price skyrocketed, increasing by several million times. But ever since it peaked in 2021, SHIB has somewhat lost its momentum and has not been very optimistic over the past two years.
Let's take a look at this: How is Ripple's price predicted by the end of the year? Can XRP reach a new high?
What is SHIB's trend now?
In the past week, the entire cryptocurrency market has undergone significant adjustments. SHIB also fell, with a daily drop of 3.9%, a weekly drop of 7.7%, a 14-day drop of 24.4%, and an 11.8% drop compared to last month. However, it should be noted that SHIB has still increased over the past year, with this dog coin rising 108.5% since December 2023.
And this: Which three cryptocurrencies might rebound this weekend?
Why did SHIB fall?
It may be because the Federal Reserve indicated there will be two interest rate cuts next year, not three. Inflation in the U.S. has also risen to 2.7%. The hawkish stance has made everyone hesitant to touch risk assets.
When can SHIB return to $0.00005?
The last time SHIB's price exceeded $0.00005 was over three years ago, in November 2021. It now needs to rise by 125.53% to get back there.
There is a prediction that SHIB could break $0.00005 next year, with a maximum reaching $0.000059994.
Let’s take another look at this: Shiba Inu year-end prediction, can SHIB reach $0.00003 by the end of this year?
Analysts at Telegaon say SHIB could reach $0.00005 this year, but it hasn’t achieved that yet. They predict SHIB could reach a maximum of $0.0000728 next year.
SHIB is expected to exceed $0.00005 by 2025. It is said that the new president, Trump, is quite tolerant of cryptocurrencies, which may allow SHIB to reach new highs.
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