Shiba Inu has been one the top performing crypto assets over the last 4 years. SHIB’s price has risen by thousands of millions since August 2020. It reached its highest level in October 20,21. Early investors earned millions, if not even billions of dollars. However, since 2021 the asset’s high has been more or lesser a struggle. SHIB has fallen 72.5% since its high.
Also Read: Shiba Inu: $5 Monthly Since Launch Becomes $9 Million in 2024
The market’s bearish conditions of 2022 and 2023 are likely to be the reason for SHIB’s fall from its peak in 2021. SHIB investors and fans are still pursuing higher asset prices.
When will Shiba Inu SHIB reclaim the highest point?
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CoinCodex estimates that SHIB’s price could reach $0.00007993 by May 27th 2024. This is about 7.8% below its peak of 2021. SHIB may reach an all-time record high in either May or June if the price can be held at $0.00007993.
Also Read: Shiba Inu: Robinhood Enables SHIB Trading In New York
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Changelly has also painted a bullish image for Shiba inu (SHIB). SHIB is expected to reach $0.00008351 by May 25th, 2024.
SHIB will be very near its record high price of $0.0008616, according to both platforms. next month. The asset may reach its previous high if it continues to have a bullish outlook.
Also Read: Shiba Inu (SHIB) Predicted to Reclaim All-Time High: Here’s When
Shiba Inu’s massive supply of 589 trillion is one of its biggest barriers. Price may increase if team reduces the circulating stock of asset. Vitalik Buterin’s huge burn was one of the biggest moves in helping SHIB to rally by 2021. Buterin got half the SHIB stock at launch. The co-founder of Ethereum decided to burn 90 percent of his tokens.
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Source: watcher.guru