Shiba Inu (SHIB) has one of the most loyal and dedicated fan bases in the cryptocurrency space. However, despite its incredible popularity, SHIB’s price has taken a back seat in 2023. Since January, the token’s price has grown by about 19%. Meanwhile, Bitcoin’s (BTC) price has increased by around 150%, and Solana (SOL) has surged by over 500% in the same time frame. However, Shiba Inu (SHIB) is not the only one to suffer this year. Other memecoins, such as Dogecoin (DOGE), have also displayed lackluster performance in 2023.
Also Read: Shiba Inu: SHIB Team Member Reveals Plans for 2024-2025
Nonetheless, some analysts anticipate a bull run for the crypto market next year. Firstly, BTC will undergo its next halving cycle in April 2024. Secondly, there is a high probability that the US SEC (Securities and Exchange Commission) will approve one or more spot BTC ETFs (Exchange Traded Funds). Both developments could propel the cryptocurrency market into a 2021-like bull run. If the crypto market rallies, Shiba Inu (SHIB) may also follow and hit and hit a new all-time high.
How high can Shiba Inu (SHIB) go in 2024?
According to the ChatGPT AI (Artificial Intelligence) chatbot, Shiba Inu (SHIB) could surge to $0.00001357 by the beginning of 2024. The price increase would translate to a growth of about 29% from current levels.
Also Read: Shiba Inu: Shibarium Undergoes Fork to Boost Burns, $0.01 Soon?
According to the analysts at Changelly, Shiba Inu (SHIB) could reach a maximum price of $0.0000169983 in 2024. The increase in value translates to a growth of around 43% from current levels. However, Changelly also predicts a low of $0.0000139986. The lower end would mean an increase of about 31% from current prices.
Telegaon, on the other hand, anticipates a maximum price of $0.0000571 for SHIB in 2024. The price increase would mean a growth of about 83% from current levels. However, the platform predicts a low of $0.0000221, a growth of about 56% from current levels.
Credit: Source link
