Shiba Inu is one of the most promising crypto coins lately, attracting a heavy community volume. The token is at the center of meme coin mania, with many referring to the token as one of the cryptocurrency universe’s original or OG game changers.
With Bitcoin slipping to $53K, Shiba Inu’s pricing has also tumbled. While many investors are currently indulging in panic selling, several key players in the industry consider SHIB’s current price dip an expected boon or a blessing in disguise.
Here are two reasons investors should explore the Shiba Inu dip at the current price level of $0.00001381.
Also Read: Cryptocurrency Crash: 2 Coin Dips That Could Make You Rich
Two Primary Reasons To Buy The Current Shiba Inu Dip
1. Potential For Long Term Growth
Shiba Inu is deemed one of the most prominent crypto tokens due to its resilience and strength. The token has survived several crypto storms in its wake and has continued to show remarkable price recovery after the market turmoil.
The ongoing development that the SHIB Ecosystem is encountering also adds credibility to the token’s long-term commitment. For instance, Shiba Inu’s Shibarium development, alongside the launch of the Shiba Eternity Blockchain game, proves how the SHIB Ecosystem is constantly revamping to deliver stellar results.
At the same time, the token continues to attract heavy volume in terms of investments, collaborations, and projects that keep the SHIB network thriving for a long. This makes it a lucrative coin purchase with long-term durability for investors to explore.
2. Low Entry Point
The current price of SHIB can be deemed lower or “affordable,” which can help investors claim a significant amount of SHIB tokens. Shiba Inu has always been referred to as a noteworthy token capable of delivering stellar returns to its holders.
The token’s low entry cost makes it accessible to a wide range of investors. This can help SHIB gain incredible mass momentum and inject additional fund flow to stabilize its pricing.
Investors can use the current price dip to buy a considerable amount of SHIB. The coin has shown significant gains before, so it might be considered a coin with the potential for fantastic future earnings.
Also Read: $1B Liquidated: Is Now the Time to Buy Shiba Inu (SHIB)?
Shiba Inu: 2024 Price Forecast
“Shiba Inu may trade within a range of $ 0.00001173 and $ 0.00003117. If it reaches the upper price target, SHIB could increase by 123.84% and reach $ 0.00003117.”
- Current price: $0.00001337
- Sentiment: Bearish
- Fear & Greed index: 17 (Extreme Fear)
- Volatility: 8.29%
- 50-day SMA: $0.00001713
- 200-day SMA: $0.00002012
CoinCodex predicts that the Shiba Inu market will increase by 123% and reach a new high of $0.00003117 by the end of 2024.