🔥💥Shiba Inu May Price Prediction: Can SHIB Reach $0.0001?
#ShibaInu , a well-known meme money, has been making headlines with its recent price fluctuations. #SHIB has positioned itself as a serious competitor by entering into a head-to-head competition with the well-known Dogecoin.
SHIB started the year trading below $0.000010 and then experienced a rise of over 450%. It also reached an annual peak of $0.000045 in mid-February. Despite this increase, the token remains 73% below its all-time high in 2021. This latest price action signals renewed interest and positive sentiment towards the cryptocurrency.
At the current trading price of approximately $0.00002703 after a period of consolidation, SHIB looks ready for the next potential price move. Given the significant volatility in the market, we present our assessment of the probability that the SHIB will reach $ 0.0001 by May.
Shiba Inu price forecast for May
Shiba Inu May
The price of Shiba Inu is currently at $0.00002705 and has been depreciating by 2% in the last 24 hours. According to Changelly analysts, SHIB is expected to trade at a minimum of $ 0.0000339 and a maximum of $ 0.0000786 by May. Experts estimate that the average transaction price will be $ 0.0000562.
Shiba Inu has increased by 21.9% in the last seven days and by 1% in the last 30 days. SHIB showed an increase of 161.3% last year. during the positive market run at the beginning of 2024, the SHIB even reached the level of $ 0.00004.
However, recent market conditions and analyses indicate that it is unlikely that the SHIB will reach the $ 0.0001 level by May. The market is volatile at the moment and is showing both downtrend and uptrend trends. However, depending on market sentiment and other factors, the price can move in either direction.
