The Shiba Inu cryptocurrency has seen many downfalls and conquered unlimited success in its journey through the crypto market. The recent crypto market crash has not only affected large cryptos like Bitcoin but also prominent memecoins like The Shiba Inu. Regarding the Shiba Inu Price Prediction concerning its future, the chart has not been so good in the past few days.
Despite reaching its highest point of $0.00008845 on October 28, 2021, SHIB’s price once fell by 75.46%.
However, at present, the coin is trading at $0.00001634 showing an increase of 2.4% which is a good sign for the future.
According to the Shib Price analysis, the trading volume of Shiba Inu (SHIB) during the last 24 hours is $323,957,894, which is a -39.30% decrease from the previous day and indicates a recent decline in market activity. Shiba Inu (SHIB) is underperforming when compared to similar GMCI 30 Index cryptocurrencies, which are up 0.00%, but outperforming the global cryptocurrency market, which is down -8.00%, with a price decrease of -3.90% over the last seven days. Hence, whether Shiba Inu will reach 2.5 cents or not remains a question to be answered in the future!
Information On Shiba Inu Trends 2024
As per the records of CoinGecko, the Shiba Inu cryptocurrency has had a very happening 2024.
- Shiba Inu (SHIB) saw significant volatility on July 9, 2024, with a market cap of approximately $9.53 billion and a trading volume of around $546.59 million.
- The price of Shiba Inu on July 9, 2024, was approximately $0.00001618 per token, showing stability compared to recent days.
- Throughout early July 2024, Shiba Inu maintained a trading volume between $345 million and $539 million, indicating active market participation.
- On July 4, 2024, Shiba Inu experienced a spike in trading volume to $239.55 million, coinciding with a price rise from $0.00001464 to $0.00001639.
- Shiba Inu’s price on June 15, 2024, reached $0.00002028, suggesting a bullish trend compared to the end of May when it traded around $0.00002295.
- Throughout late June 2024, Shiba Inu showed resilience with trading volumes exceeding $300 million on several days, supporting price stability.
- The highest trading volume observed was on May 30, 2024, at approximately $1.81 billion, reflecting strong market interest despite price fluctuations.
- Shiba Inu’s market cap on June 18, 2024, peaked at $11.36 billion, correlating with a price of $0.00001929 per token amid heightened trading activity.
- By early July 2024, Shiba Inu’s price had slightly decreased from its recent highs, maintaining support levels around $0.000016 to $0.000017.
- Overall, Shiba Inu demonstrated resilience in the market throughout June and July 2024, supported by substantial trading volumes and varying price dynamics.
Now, the main question that arises is – “Will Shiba Inu See A Recovery?”
SHIB Price Recovery
Amazingly, after having a rough patch in June, the crypto coin is all set to steal the limelight again in July. Despite a substantial drop, the memecoin has made a great comeback making investors sure of its coming future. These trends are typically temporary, regardless of a notable technical comeback. In recent days, the cryptocurrency market has seen intense selling pressure, which has caused significant falls in a variety of different assets. No wonder, why Shiba Inu has a place in the top ten crypto rankings this year!
SHIBA INU Price Prediction – 2025 & 2030
Let’s have a look at the expected price rates below-
| 2025 | $ 0.00004896 |
| 2030 | $ 0.00009792 |
However, these prices are based on algorithms and proper research should be done before investing in any crypto coin. The market is a volatile one and events like Bitcoin Halving for instance can affect the market leading to a price change.
That’s all for today! See you soon with more such informative articles only at ReadingCrypto!
Disclaimer: This post is intended solely for informational purposes and should not be taken as legal, tax, investment, financial, or any other form of advice. Although all the information provided is true to the best of our knowledge, it is advisable to research well before making any kind of investments or decisions in general. The team of ReadingCrypto bears no responsibility in the event of any adverse outcomes.
