SHIB 🚶🏻♂️will delete a zero anytime soon, let alone by Halloween 2023. Furthermore, Analysis firm Changelly does not anticipate SHIB to delete a zero before 2024. Moreover, the memecoin is unlikely to rally without the larger crypto market.
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Will Shiba ever reach $1?
Considering all the known wealth held by each individual, business, and government on Earth stood at $463 trillion in 2022, it's absolutely impossible for Shiba Inu to achieve a price of $1 in its current state. The only way it can get there is if the supply of tokens is dramatically reduced.17-Oct-2023
However, technical analysis indicates that the asset is pushing to delete the zero and possibly delete another one when the entire market turns around and bullish activities take over.5 days ago
With a market cap of $4 billion, down 88% from its all-time-high, SHIB might have some space to run if next years expected bull market does come to fruition and the utility and use-cases for the coin continue to grow.
Is SHIB losing value?
SHIB Price Prediction: Further Retracement Toward $0.000005
SHIB is currently trading at 0.0000068, and based on the provided technical indicators, the prevailing market sentiment is bearish. Shiba Inu is now trading below 10-day and 20-day, the Exponential Moving Averages (EMA), indicating a short term “Sell” signal.
Between now and the end of 2022, Shiba Inu could hit the $0.0001 mark and lose another zero after the decimal. In October 2021 it ate one more zero. The trigger to such a rally between now and the end of 2022 would likely be broader market price action.11-Oct-2022
Can Shiba rise again?
Our most recent Shiba Inu price forecast indicates that its value will increase by 6.84% and reach $0.000008700 by November 11, 2023.
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