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Shiba Inu (SHIB-USD) price predictions are worth checking out on Thursday as crypto traders wonder where a recent rally will leave the meme token.

First off, investors will note that the crypto market is undergoing a boom right now thanks to Bitcoin (BTC-USD). BTC has gained greatly over the last few months and is trading for about $63,000 as of this writing.

This has crypto traders excited, as it puts BTC closer to its current all-time high of around $69,000 per coin. Considering Bitcoin is the biggest crypto on the market, it makes sense that this rally would result in other cryptos rising alongside it.

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Shiba Inu Price Predictions

One bullish estimate claims that SHIB could rally over 800% and reach a new all-time high of $0.0001206.

Another new estimate for Shiba Inu says it will hit a high of $0.0000571 in 2024.

The last price prediction today has the token aiming for $0.000011.

To put these price predictions in perspective, SHIB is trading for $0.00001394 as of Thursday morning. That’s a 26.3% increase over the prior 24 hours.

There’s more crypto news that traders are going to want to check out below!

We have all of the hottest crypto happenings worth reading about on Thursday! A few examples include price predictions for Dogecoin (DOGE-USD), what’s going on with Bit Brother (NASDAQ:BETS) and more. All of that news is ready to go at the following links!