Shiba Inu’s price is $0.000013, with four zeroes. This month, the dog token’s price has mostly been sideways with few to no price explosions. SHIB’s value surged 280% within a single month in March this year.
It was a rise that followed the Bitcoin half-off event which coincided the ETF’s launch. Six months have passed since tokens rose in indices. This development has tested investors’ patience.
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Krao, a leading cryptocurrency analyst on TradingView shared a chart with the prediction that Shiba is consolidating its price. Analyst Krao predicted that after the consolidation phase ended, SHIB would move northward and remove two zeros.
Shiba Inu: SHIB is forecast to reach $0.001 by Q1 2025
Krao, a cryptocurrency analyst, predicted that Shiba inu was on the verge of a price breakout. Analyst Krao provided an estimated timeline of January 2025 to February 2020 for the $0.001 target. This is another four or five months and it’s considered to be a short term holding.
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A $1,000 investment today can become $77,000 in 2025 if forecasts are accurate between January and February. Surge 7,600% however in the next The global economic situation makes it difficult to believe that four or five months will be enough. Shiba Inu must rise by a minimum 1,500% each month to be considered. next Five-month period
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SHIB’s rapid rise in price is not guaranteed. Markets are volatile and there are two ways to deliver losses to investors.
It is advisable to do thorough research on the token before deciding whether or not you want to invest. The trend of cryptocurrency is to move south rather than upwards.
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Source: watcher.guru