The numbers behind Shiba Inu, one of the leading meme-coin cryptocurrencies, have been a mixed bag as of late. SHIB has seen a recent increase in whale activity and overall growth over the past month, despite being down in the last 24 hours. Additionally, SHIB has seen a 7.06% decrease in trading volume to $184.11 million.
With the crypto market in 2024 set to swing, Shiba Inu is expected to leap forward in price in the new year. Here is our price prediction for Shiba Inu come January 2024.
Shiba Inu Price Forecast for January 2024
According to forecasts and Shiba Inu prediction experts, Shiba Inu is expected to rise come the new year. In January 2024, analysts forecast Shiba Inu to have a minimum price of $0.00000950. While that is down from its current price of $0.00001037, that is again a bare minimum price prediction.
On the flip side, experts predict Shiba Inu could reach a maximum of $0.0000117 in January 2024. Market sentiment in 2024 has been bullish for crypto. This is in part due to the looming approval of Spot Bitcoin ETFs in the US, bringing hype around the market. With increased whale activity and the SHIB team’s collaboration with D3 Global, many predictions see SHIB making a leap in the new year.
The average price outlook for Shiba Inu sees it sit around $0.0000106 next month. The latest announcements and whale activity will dictate where SHIB goes from its current valuation. 2023 was a big year for SHIB, and 2024 looks to be even bigger for the dog-themed coin.