The cryptocurrency market has taken another dip as of today. Bitcoin (BTC) has fallen 3.6% in the daily charts and hovers just above $67,000. Moreover, the global crypto market cap has fallen 2.9% in the last 24 hours, currently at $2.64 trillion. Shiba Inu (SHIB) has also taken a significant punch, falling 5.9% in the daily charts, 1.8% in the weekly charts, and 11.8% over the previous month. Nonetheless, the asset is up by 2.6% in the 14-day charts.
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The latest correction could be due to the lack of developments around a spot Ethereum (ETH) ETF (Exchange Traded Fund). The rally before the market dip was likely due to the US SEC (Securities and Exchange Commission) asking interested exchanges to update their filings. Since no further developments took place, the market players may have pulled out.
Shiba Inu (SHIB) price prediction for this weekend
According to CoinCodex, SHIB’s trajectory may change soon. The platform anticipates SHIB to hit $0.00002581 on Sunday, May 26, 2024. Reaching $0.00002581 from current levels would translate to a growth of about 8.08%. Furthermore, CoinCodex predicts Shiba Inu (SHIB) to continue rallying into June, hitting $0.00008312 on June 21, 2024. Reaching $0.00008312 from current levels would translate to a growth of about 248%.
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According to Changelly, SHIB could hit $0.00002738 on Sunday, May 26, 2024. Reaching $0.00002738 from current levels would translate to a growth of about 14.66%. Moreover, Changelly also anticipates SHIB to continue on a bullish path over the next few days. The platform predicts the popular dog-themed crypto to hit $0.00008265 on June 20, 2024.