As of January 2024, the Shiba Inu cryptocurrency (SHIB) is experiencing varied market sentiments and price predictions. The current price of SHIB is approximately $0.0000095 USD, with some analysts forecasting a slight increase in its value. The predicted value could reach around $0.000009994 by January 11, 2024, representing a modest increase. Market sentiment is currently neutral to bullish, with the Fear & Greed Index indicating extreme greed [oai_citation:1,Shiba Inu (SHIB) Price Prediction 2023 2024 2025 2026 - 2030](https://changelly.com/blog/shiba-inu-price-prediction/).
The price predictions for Shiba Inu in January 2024 range from a minimum of around $0.00000950 to a potential maximum of $0.0000119. The average price forecast is approximately $0.0000108. These predictions are influenced by factors such as market sentiment, whale movements, and overall trends in the cryptocurrency market [oai_citation:2,Shiba Inu's Potential Surge in January 2024: What's the Ceiling for SHIB?](https://examiner.com/shiba-inus-potential-surge-in-january-2024-whats-the-ceiling-for-shib/).
It's important to note that while there's optimism in some quarters, the cryptocurrency market is inherently volatile, and predictions can vary significantly. Shiba Inu has faced strong selloffs recently, losing 9.69% of its value over the past 24 hours to $0.00000959. This bearish trend has led some experts to predict even lower prices, with expectations of a drop to around $0.000005 in early 2024. Despite this, some platforms like Changelly maintain a less pessimistic outlook, expecting a recovery and a retest of higher price levels [oai_citation:3,Can Shiba Inu Defy Experts’ Bearish Projections for 2024?](https://thecryptobasic.com/2024/01/04/can-shiba-inu-defy-experts-bearish-projections-for-2024/) [oai_citation:4,Here’s January 2024 Price Prediction For Shiba Inu](https://thecryptobasic.com/2023/12/28/heres-january-2024-price-prediction-for-shiba-inu/).
