Like most cryptocurrencies, the Shiba Inu suffered from the FTX storm of November 2022. Certainly, the price of SHIB was able to recover at the beginning of February, but its tumble disgusted several crypto traders. Now that bitcoin is showing good performance, altcoins are also turning green. So there is hope for the very popular Shiba memecoin. Details !
SHIB will erase another zero!
Two weeks ago, we reported here on Tremplin.io that the crypto starter Shiba Inu was in agony. Nearly 91% of SHIB traders would suffer significant losses against a bear market backdrop.
But seeing the latest news, they will soon experience a reversal of the situation.
“ SHIB is about to erase one more zero, bitcoin forms a golden cross, Shytoshi Kusama sends this cryptic message to the SHIB army. »
According to U°Today, Shiba Inu fans are closely monitoring the evolution of their favorite crypto. The reason ? Analysts estimate that the SHIB will be able to erase an additional zero in the near future. In other words, the “DogeKiller” will soon see its value increase tenfold, and at the same time gain popularity.
At the moment, SHIB is trading at $0.000.007.61 per coin. If the predictions are good, this crypto inspired by the famous Japanese dog would gain up to +25.5% of its value. In this way, it will once again cross the $0.00001 mark.
As a reminder, the SHIB had only been traded at more than $0.000.01 than last August. At that time, this bullish rally was explained by the recovery of the crypto market boosted by speculation around Bitcoin ETFs. And also the anticipation of announcements on the Shibarium and other innovations in the Shiba Inu ecosystem.
Let’s not forget that the rise of memecoin towards the end of 2021, a favorable time for its ATH at $0.000.08, was notably boosted by:
- increased media coverage;
- speculative exchanges;
- growing interest from individual crypto investors;
- etc.
Since then, the SHIB has had its ups and downs. Some haters no less devoid of knowledge in Finance estimate that this cryptocurrency would die out in 2030, its apocalypse. Others don’t believe in such nonsense, to the point of dreaming of a 1 cent SHIB in the future.
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