While Shiba Inu is leading the way in the first half of 2024, the second half remains less friendly. It is trading on rougher terrain with little to no positive upside this quarter. Will SHIB turn things around and move up the charts in 2024? In this article, we will highlight how high or low SHIB will trade this year in 2024.
How high will SHIB’s trading value be in 2024?
Leading On-Chain Price Prediction and Metrics Company Coinpedia painted an optimistic picture for Shiba Inu in 2024. According to the price prediction, SHIB is bottoming out in the indicators and the best time to accumulate the token is now. The forecast shows that the lowest SHIB can reach in 2024 is in the range of 0.000010, which is its current value.
The price prediction estimates that Shiba Inu can only rise from here and reach an average trading price of $0.000038. This is a nearly 280% increase from the current price. The prediction also predicts that SHIB will reach a yearly high of $0.00006697 in 2024. This is a phenomenal increase if the prediction turns out to be correct in the second half of the year.
If Shiba Inu reaches $0.00006697 as predicted, it will increase by 580% in the next few months of 2024. A $1,000 investment could turn into $6,800 if the prediction turns out to be correct. Furthermore, the cryptocurrency market is very volatile and there is no guarantee that SHIB can skyrocket by 580% in the remaining months of 2024.
