Shiba Inu is not an exception to the volatility of cryptocurrency. SHIB, at the time of press, had experienced a slight setback. Its price has dropped by 2.15% in 24 hours and is currently trading at $0.00003035. Shiba Inu is still steadfast with a market cap of over $17,789281,901, making it the 11th biggest cryptocurrency. SHIB, a cryptocurrency that has been around for a while now, recently outpaced Toncoin [TON]One of the most important things that I learned was how to ascend.
![shiba inu](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/How-High-Can-SHIB-Surge-This-Weekend.jpeg)
Coinglass’ data provides insights into the current market sentiment regarding SHIB. An 8.23% drop in open interest for the token and a 26.87% decline in derivative volume show waning investor and market interest. The confluence and current price decline suggest that the selling pressure is currently greater than buying pressure. This could indicate a trend of downward movement in SHIB.
Also Read: Shiba Inu Exodus: 2 Trillion SHIB Tokens Flee KuCoin
There is Hope
Changelly’s projections for Shiba inu over the weekend are a different story. According to Changelly, SHIB is likely to have a weekend that’s marked by an increase in its value. SHIB is expected to experience a surge of double-digits, and will likely reach $0.00003604. This is a 16% increase from its current value.
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/How-High-Can-SHIB-Surge-This-Weekend.png)
This anticipated rise in SHIB price could be fueled by a variety of factors. Multiple variables can influence the cryptocurrency market, including investor sentiment, market sentiment, and events outside of their control. SHIB could see a weekend spike in price due to renewed investor and retail trader interest. SHIB’s weekend surge could be fueled by renewed interest from retail traders and investors.
Also Read: Shiba Inu Sees Surge in Whale Transactions: How Will SHIB Price React?
Shiba Inu’s performance at the upcoming weekend remains in doubt, as market indicators and prices forecasts give divergent signals. Changelly projects a possible surge in SHIB value, despite recent market data suggesting a bearish outlook. It is always advisable for investors to carry out thorough research before navigating the volatile world of cryptocurrency.
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Source: watcher.guru