Shiba Inu has seen a price drop of over 20% in the past few weeks, despite a strong performance at the beginning of this year. The price of the popular cryptocurrency with dog themes is down 3.7% weekly, 11.2% 14-day and 19.8% compared to last month. The asset has still risen by 149% from April 2023.
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/Heres-When-SHIB-Could-Rally-400-And-Hit-00001.jpg)
Also Read: Shiba Inu: $0.001 Price Incoming As Trading Volume Gains Traction In India
SHIB investors and fans still aim for higher prices, and to remove more zeroes from the end of decimal points.
When does Shiba Inu delete the zero from Shiba Inu?
![shiba inu space eclipse moon](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/1710252606_919_Monthly-100-Since-2020-Turns-Into-827-Million-in-2024.jpg)
![shiba inu space eclipse moon](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/1710252606_919_Monthly-100-Since-2020-Turns-Into-827-Million-in-2024.jpg)
CoinCodex believes that SHIB is likely to surpass its all-time record high of $0.00008616 soon. Platform predicts SHIB will reach $0.00009498 by May 8, 2024. The growth from the current level to $0.00009498 would be about 248,4%. The price of the asset may delete the zero if it can maintain above the target level. next month.
Also Read: Shiba Inu: Top 3 Reasons Why SHIB Could Hit All-Time High
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/Heres-When-SHIB-Could-Rally-400-And-Hit-00001.png)
Changelly has also painted a positive picture for Shiba Inu’s (SHIB), based on the price of Shiba Inu over time. next In a few weeks. Platform predicts SHIB will reach a new high-water mark in May. Changelly predicts that SHIB will reach $0.00009551 by May 7, 2024. SHIB may reach $0.0001 in price if the current target is maintained. next month.
Also Read: Shiba Inu: New Prediction Indicates SHIB To Rise Another 220%
Shiba Inu’s bullish outlook is probably due to Bitcoin (BTC), which will be halved later in the month. Analysts consider that halvings are bullish because they lead to increased demand by reducing the asset’s supply. BTC could reclaim its record high after BTC’s half-discount, leading to a global rally. In this scenario, other altcoins such as Shiba Inu could also reach new heights.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru