The cryptocurrency market is showing recovery signs once again, and Shiba Inu (SHIB) is making another attempt at deleting a zero from its price. Although the asset is up by over 1% in the daily and weekly charts, it is down 14.9% over the previous month and more than 25% since January 2023.
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SHIB’s price has not found its footing and is struggling to break past its resistance levels.
Shiba Inu (SHIB) weekend price prediction
![Shiba Inu Weekly Price Prediction; Can SHIB Delete a Zero?](https://watcher.guru/news/wp-content/uploads/2024/01/c6e59706-1024x585.jpg)
![Shiba Inu Weekly Price Prediction; Can SHIB Delete a Zero?](https://watcher.guru/news/wp-content/uploads/2024/01/c6e59706-1024x585.jpg)
According to CoinCodex, SHIB could rally to $0.000009509 by Feb. 4, 2024 (Saturday), a growth of around 5.5% from current levels. However, the platform anticipates SHIB’s price to fall to $0.000008097 the following week, a decline of over 10% from current levels.
Also Read: Shiba Inu: $100 Investments Turn into $50 Million in February 2024
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![](https://watcher.guru/news/wp-content/uploads/2024/02/Screenshot-2024-02-02-at-10.53.40-AM-1024x375.png)
Changelly anticipates Shiba Inu (SHIB) to rise to $0.000009542 by Feb. 4, 2024 (Saturday), an increase of about 5.87% from current levels. However, the platform predicts SHIB’s price to fall to $0.000009121 on Feb. 5, 2024 (Sunday).
When will SHIB delete a zero from its price?
SHIB’s price has oscillated between $0.00001 and $0.000009 for quite some time now. The asset deletes a zero during a market rally and quickly gains it back a few weeks later. According to Changelly, SHIB may delete its zero sometime in early 2025.
Also Read: Shiba Inu: You Could Have Made $1 Billion With Just $6.2k in SHIB
Telegaon, on the other hand, is more bullish on SHIB. The platform predicts SHIB to reach a maximum price of $0.0000571 in 2024. Reaching $0.0000571 from current levels would translate to a growth of over 533%.
However, if we enter a bull run later this year, we may see Shiba Inu (SHIB) gaining momentum. Moreover, the SHIB team is working on a new burn mechanism, rumored to burn trillions of tokens yearly. The new burn mechanism may help propel SHIB’s price beyond $0.00001 sooner than anticipated.