Shiba Inu is currently trading at $0.00000850 and is down nearly 0.1% in the 24-hours day trade. Its price remains stagnant for over a week with little to no signs of a positive rally. The sentiments for SHIB have mostly turned negative as investors are skeptical about its prospects. The dog-themed token is on a constant decline for two months sending fears within the community, that taking an entry position now could spell doom.
However, a leading cryptocurrency exchange has predicted that Shiba Inu could rally soon and delete a ‘zero’. According to the trading platform, investors who buy the dips now might enjoy profits in the coming weeks.
Shiba Inu to Rise 165%, Reach $0.0000225
Cryptocurrency exchange ChangeNow predicted citing forecasts from a price-tracking resource that SHIB could begin a rally soon. According to the price prediction, Shiba Inu might delete a ‘zero’ and reach $0.0000225 in the coming weeks. That’s an uptick of nearly 165% from its current price.
“Shiba Inu token has been turning heads and could be a great addition to your crypto portfolio with predictions indicating a rise to $0.0000225,” tweeted ChangeNOW.
Woof woof #SHIBARMY 🐕#ShibaInu token has been turning heads and could be a great addition to your crypto portfolio with predictions indicating a rise to $0.0000225.— ChangeNOW (@ChangeNOW_io) May 31, 2023
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Therefore, a $1,000 invested at its current price could turn to $2,650, if the prediction turns out to be true. Read here to know more details and an in-depth understanding of the price prediction for SHIB provided by the exchange.
While deleting its fifth ‘zero’ might not be difficult, removing all its ‘zeroes’ remains to be a herculean task. The majority of investors aim for SHIB to reach the $0.01 milestone and not the $0.00001 mark. Read here to know the real possibility of when the token could reach 1 cent.
At press time, Shiba Inu was trading at $0.00000850 and is down 0.1% in the 24-hours day trade. SHIB is also down 90.13% from its all-time high of $0.00008616, which it reached in October 2021.