Shiba Inu, a prominent meme coin, has been grabbing headlines with its recent price fluctuations. SHIB has positioned itself as a serious contender, engaging in head-to-head competition with the well-known Dogecoin.
Despite its notable achievements, including a recent surge that led to the deletion of one zero from its price, SHIB has experienced a sudden reversal. The meme coin swiftly added another zero to its price, according to the latest data.
With cryptocurrency prices trading with major volatility in the past few days, here is our Shiba Inu price prediction for January end 2024.
Shiba Inu price prediction for January end 2024
Shiba Inu’s price currently stands at $0.00000925, with a 2.8% drop in value over the last 24 hours. According to Changelly analysts, SHIB is expected to trade at a minimum of $0.00000840 and a maximum of $0.0000102 in January end 2024. Experts predict that the average trading price will be in the range of $0.00000800 to $0.00001016. SHIB has fallen 89% since its all-time high of $0.00008845 on October 28, 2021.
The market is volatile at the moment and is showing a downtrend, with the global cryptocurrency market cap down by over 1.77%. However, the price can go in either direction, depending on market sentiment and other factors.