Monday's hot subject is Shiba Inu (SHIB-USD) price forecasts after the cryptocurrency had a jump over the weekend!
No fresh news can be found that explains why SHIB is rising. Investors will, however, take note of its high trading volume the previous day. SHIB's trade volume has surged by 113.8% as of this writing.
Shiba Inu's price reached a level not seen since April as a result of the high trading volume. It's probable that the upward trend will continue and SHIB will make up much of the distance it has lost since October 2021.
See what the experts below have to say about the most recent Shiba Inu rally!
SHIBA INU PREDICTIONS
Starting us off is WalletInvestor's $0.0000149 price prediction for the cryptocurrency over the next year.
In 2022, Shiba Inu's price is projected by Crowd Wisdom to reach $0.0000249 per token.
Shiba Inu price forecasts are concluded by CoinPedia with a forecast of $0.00002408 for 2023.
Given that Shiba Inu's price was $0.00001618 as of Monday morning, these price forecasts are somewhat varied but largely positive. Investors should also be aware that as of Monday morning, SHIB has increased 4.7% over the previous 24 hours.
Shiba Inu is a meme token that frequently experiences rallies with other tokens in its market, as crypto investors should be aware. This also applies to other cryptocurrencies with a Shiba Inu motif, including Dogecoin (DOGE-USD). If they see movement from one of the packs, they will thus want to investigate those other cryptos.
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