The Shiba Inu price was $0.0000104 on Wednesday night. This means that the price has fallen by 4% in the last 7 days.

The Shiba Inu rate has not been able to rise as much as other cryptocurrencies in recent days. At the moment big price movements in the meme coins are still expected. Yet, it’s always possible that the Shiba Inu might see a massive jump in a few hours.

The Shiba Inu price has seen a slight drop in recent days. The SHIB price fell more sharply at the end of the week, due to the fall of the US bank. From $0.000011, the price fell to $0.0000097 during the dip. After a short stabilization, the rate rose again to the previous value. After a brief rise to $0.0000114, the price fell slightly again. Just in the last 24 hours, the price fell once more.

Why Couldn’t the Price Go up?

The Shiba Inu rate has barely been able to rise in recent days and has not benefited from the bank crash. This suggests that the Shiba Inu forecast could look quite negative in the coming weeks. But why could not the Shiba Inu price rise like the Bitcoin price in recent days?

The Shiba Inu course is a meme coin that investors speculatively invest in. The banking crisis mainly strengthened Bitcoin as an alternative currency to FIAT currencies. However, speculative meme coins are less popular in these uncertain times.

The Shiba Inu forecast for the next few weeks is hard to predict at this point because right now it is hard to say how the banking crisis in the US will spread, and how the crypto market will react to the crisis in the coming weeks. However, it seems more likely that the price of Bitcoin will rise in the short term, which should also lead to a subsequent rise in altcoin prices.

If Bitcoin can rally again soon, the Shiba Inu course should also benefit as a result. There could also be a strong rally in the Shiba Inu coin, taking the price above the $0.000015 level.

How High Can the Shiba Inu Price Climb?

The Shiba Inu coin could rise again in the coming weeks, although a prediction is difficult, especially in these times. Therefore, the price range that the Shiba Inu Coin can reach in the coming weeks is extremely wide.

Ultimately, a rise is more likely as the direction of the crypto market has basically increased in the first quarter of 2023. This trend should continue into the upcoming second quarter as well.

Therefore, a Shiba Inu forecast of $0.000011 to $0.000015 is assumed.

By Audy Castaneda


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