Prediction for the price of SHIB on December 1, 2024
In simple terms, everyone is currently guessing what the price of Shiba Inu (SHIB) will be on December 1, 2024.
The cryptocurrency market has been a bit unstable lately, and Bitcoin's price has also dipped a bit. Because of this, the total value of cryptocurrencies worldwide has decreased.
Shiba Inu has also followed the market trend and its price has dropped a bit. However, if you look over a longer period, such as a week or a month, the price of Shiba Inu has actually increased quite a bit.
So why is the market behaving this way? It could be because Bitcoin is nearing $100,000, and some people have decided to take their profits out, which is known as “taking profits.” As a result, the market has become a bit turbulent. Shiba Inu and other cryptocurrencies have also fluctuated along with Bitcoin's trend.
Several platforms are predicting the price of Shiba Inu on December 1, 2024. CoinCodes predicts it will rise to $0.00005094, while Changelly predicts it will rise to $0.0000492. However, both platforms believe that by mid-December, the price will drop back to around current levels.
Therefore, these predictions are just opinions; whether they will come true still depends on market trends.
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