🔥🔥🔥 Shiba Inu (SHIB) Predicted To Hit $0.00004: Here’s When? 🚀🚀🚀
📢 Shiba Inu (SHIB) is following the larger market rebound, rallying 3.3% in the daily charts, 14% in the weekly charts, and 9.3% in the 14-day charts. SHIB continues to glow red in the monthly chart, down 9.6% over the last 30 days.
The latest rebound could be due to increased open interest in major crypto projects and due to the increased chances of Donald Trump winning the US Presidential race. Trump is a vocal crypto supporter and has enabled crypto donations for his campaigns.
🔥🔥Shiba Inu to hit $0.0004
According to the researchers at CoinCodex, SHIB will break out over the next few days. The platform anticipates the dog-themed crypto to hit $0.00004171 on July 21, 2024. Hitting $0.00004171 from current price levels would lead to a rally of nearly 123%. CoinCodex analysts do not anticipate SHIB’s price to hold at $0.00004, predicting a correction to around current levels by early August.
Changelly also anticipates Shiba Inu to rally over the next few days, hitting $0.00003990 on July 20, 2024. Like CoinCodex, Changelly also predicts SHIB to face a correction after the rally. The platform anticipates SHIB to fall to $0.00001817 on Aug. 1, 2024.
There is a possibility that SHIB will continue its rally in August, given certain developments take place. If an Ethereum ETF is launched this month, we may witness a market-wide rally, similar to when the Bitcoin ETFs were launched earlier this year. Bloomberg analysts expect an Ethereum ETF to make a debut by July 18, 2024.
The Shiba Inu team is also reportedly working on a new burn mechanism, rumored to burn trillions of tokens every year. We do not have a launch date for the new burn mechanism, but its launch could significantly propel SHIB’s price.
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