The rival cryptocurrency of Dogecoin, the last Friday, ended up with the price of 0.000077 USD. However, the very next day, the price dropped out to $0.000045.
As we’ve previously said, the crypto industry is extremely volatile, and no one is hundred percent sure what will happen in the next day or week.
We can only predict and estimate its worth and price after looking at the current price and trends. Moreover, we can only do technical analysis for the price prediction.
Therefore, don’t make this prediction as your investment advisor before investing your amount in this crypto.
Anyhow, as we mentioned above, we’re seeing an upward trend in the price of SHIB in the past week, but after some time, we witnessed some downgrade regarding its price worth.
Shiba Inu Coin Price Analysis
In the last week of October 2021, the Shiba Inu witnessed its all-time high price of $0.00008845. Moreover, in the past months – October, the Shiba coin had surged over 69 percent. On the other hand, the coin token comes to 0.000051 (at the time of writing).
The price of SHIBA coin rapidly fell downwards, despite that positive trend. At current, Shiba Inu has now a market cap of over 30 Billion USD.
However, yesterday, on Friday, November 12, 2021, the famous cryptocurrency exchange CoinDCX listed Shiba Inu on its Mobile trading app. Until now, this crypto token was only available in trade-only mode on CoinDCX Pro.
Shiba Inu Coin Price Prediction
We have seen a decrease in price in the Shiba Inu in the past few weeks. Whereas, due to the latest upgrades, developments, and changes in the Blockchain of SHIB, Will it be able to reach a higher price? Let’s proceed to the below heading for this question.
Shiba Inu has been on a tear recently, with its 24-hour trade volume crossing $5.6 billion at the exchanges. However, analysts are expecting that Shiba’s recovery will resume soon and make an explosive move up towards new all time highs again – it might not be long before they get there too if recent activity continues.
Will SHIB Hit $0.00009 from 2021 to 2022?
This article is based on technical analysis alone. Therefore, some errors must be found in terms of price. Also, don’t take these predictions as financial advice for investing in this crypto token. Furthermore, SHIB, at the current time, holds 11 spots in the list of cryptocurrencies by CoinMarketCap.
The Shiba Inu price has shown bullish trends in recent times. Therefore, if these bullish signals continue along with the SHIB, the coin will be able to break the resistance level of $0.00006 and go high.
On the other hand, if the coin show any bullish signals, then there’s a possibility of hitting the price up to 0.000029 USD. Also, if this bullish trend continues till 2022, the coin will hit the mark of 0.0001 at the end of 2022. Isn’t this interesting?
In the meantime, our long-term analysis shows the bullish trends of this coin token, which means it will increase its price soon. So, the answer is yes, and it will surpass the mark of $0.00009.