The cryptocurrency market is witnessing a surge in sentiment, with Bitcoin (BTC) reclaiming the $52k mark for the first time since 2021. BTC’s latest rally could be due to increased inflows into spot BTC ETF (Exchange Traded Fund) products. However, despite the market rally, Shiba Inu (SHIB) still struggles to break the $0.00001 resistance level.
SHIB has rallied by 2.1% in the daily charts, 7.2% in the weekly charts, and 10.7% over the last 14 days. However, the popular memecoin is still down by over 24% since February 2023. Moreover, the asset is down by over 88% from its all-time high of $0.00008616, which it attained in October 2021.
Also Read: Shiba Inu: How Many Tokens You Need To Make $5M, $10M If SHIB Hits $0.00789?
However, SHIB might delete a zero very soon. According to SHIB-focused X user ‘$SHIB KNIGHT,’ the popular memecoin could be on its way to hitting $0.00001193 and $0.00001309. Eventually, the analyst anticipates SHIB to reach $0.00001492.
Reaching $0.00001492 would translate to a growth of about 51% from current levels.
Will Shiba Inu (SHIB) delete a zero this week?
According to CoinCodex, Shiba Inu (SHIB) could hit $0.00001050 on Feb. 18, 2024, a rise of about 6.7% from current levels. However, CoinCodex anticipates SHIB’s price to drop to $0.000008788 on Feb. 27, 2024, a fall of around 10.7% from current levels.
Also Read: Shiba Inu Witnesses 3,580% Surge in Whale Activity; SHIB Eyes Potential Rally.
Also Read: Shiba Inu (SHIB) Rallies 8%: Can It Delete a Zero This Week?
According to Changelly, Shiba Inu (SHIB) won’t delete a zero from its price till at least mid-March. The platform anticipates the memecoin to hit $0.00001056 on Mar. 15, 2024, a rise of about 7.3% from current levels. Moreover, Changelly predicts SHIB to hit a maximum price of $0.0000149985 in 2024, a rise of about 52% from current levels.
Credit: Source link