Shiba Inu (SHIB) briefly deleted a zero from its price last week. However, the token could not maintain those price levels. Despite positive market sentiment and technological advancements, such as launching a layer-2 network, SHIB has struggled to breach the $0.00001 level since 2023.
Moreover, Shiba Inu (SHIB) is showing healthy recovery signs. The asset is up by 5% in the weekly charts, 9.6% in the 14-day charts, and more than 4% over the previous month. However, SHIB’s price has fallen by 26.3% since February 2023.
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However, SHIB may be on its way to deleting the zero once again later this week.
Shiba Inu (SHIB) weekly price prediction
According to CoinCodex, Shiba Inu (SHIB) may delete a zero later this week. The platform anticipates SHIB to reach $0.00001054 on Feb. 25, 2024, a rise of about 7.8% from current levels. However, the platform does not expect price levels to hold. CoinCodex predicts SHIB to regain the zero soon after it deletes it. The platform anticipates SHIB to fall below $0.000009 by the end of this month. However, SHIB may reclaim the $0.00001 level in early March.
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Changelly anticipates Shiba Inu (SHIB) to delete a zero sometime today. The platform predicts SHIB to hit $0.00001007 today, a rise of about 3% from current levels. However, Changelly also does not expect SHIB’s price to hold. The platform predicts SHIB will regain its zero on Feb. 21, 2024. Moreover, Changelly anticipates SHIB to trade between $0.000008 and $0.00001 throughout March.
However, there is a possibility that SHIB will hold on to the $0.00001 level by April when Bitcoin (BTC) undergoes its halving cycle. Many analysts anticipate a crypto market rally after BTC’s halving.