Can Shiba Inu Reach $0.00008 Soon? š¤
Shiba Inu has been struggling lately, with its price dropping to $0.00002167 amid a slow crypto market. However, thereās still hope for a strong comeback. Some experts, like Javon Marks, believe SHIB could rally to $0.00008 in the coming days. If this happens, it would mean over a 234% increaseāa huge win for SHIB holders.
A few positive signs support this prediction. For example, the SHIB burn rate recently spiked by 160%, removing millions of tokens from circulation. This could help push prices higher in the long run. Additionally, the launch of āSHIB: The Metaverseā and hints about new developments from the SHIB team have boosted community confidence.
On the other hand, there are challenges. Trading volume is down 32%, and Futures Open Interest has dropped 10%, showing weaker market activity. Still, many investors remain optimistic about SHIBās future.
If the bullish momentum continues, we could see SHIB hitting $0.00008 soon. But if bearish trends dominate, we might have to wait longer for a recovery. Letās see what happens next!