Shiba Inu, a prominent meme coin, has been making headlines with its recent price swings. SHIB has positioned itself as a serious competitor and will compete with the well-known Dogecoin.
SHIB started the year trading below $0.000010 and subsequently rallied over 450%. It also reached a yearly peak of $0.000045 in mid-February. Despite this increase, the token remains 70.5% below its all-time high from 2021. This recent price action signals renewed interest and positive sentiment around the cryptocurrency.
At the current trading price of approximately $0.00002548, after a period of consolidation, SHIB appears to be poised for its next potential price move. Given the significant volatility in the market, we provide our estimate of how high SHIB can go in June.
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Shiba Inu Price Prediction for June
The price of Shiba Inu is currently up $0.00002547, with a value increase of 4% in the last 24 hours. According to Changelly AnalystsSHIB is expected to trade at a minimum of $0.0000246 and a maximum of $0.0000320 in June. Experts predict that the average trading price will be $0.0000283.
Shiba Inu is up 6.5% in the last seven days and 4.5% in the last 30 days. SHIB is up 196.7% over the past year. During the positive market run of early 2024, SHIB even reached the $0.00004 level.
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However, recent market conditions and analysis indicate that SHIB is unlikely to reach the $0.0001 level in June. The market is currently volatile and showing a mix of downward and upward trends. However, the price could go either way depending on market sentiment and other factors.