After a fairly quiet first quarter of 2023 for the Shiba Inu, there could be strong increases again in the second quarter of 2023.
The Shiba Inu price has increased so far in 2023. At the beginning of the year, the rate was US$0.000008. In January, the Shiba Inu was able to increase in value massively. At the beginning of February, the SHIB course was back to $0.000015. Therefore, the price increased almost twice as much in a month.
Said rally was followed by setbacks in February 2023. At the end of the month, the price was just $0.000012. With the fall in cryptocurrency prices during the US banking crisis, the rate dropped to $0.000010. In March, the Shiba Inu price surprisingly moved mostly sideways.
Shiba Inu Can’t Increase as Much as other Coins – Here’s Why
As a meme coin, Shiba Inu can often increase considerably in a short period. However, in other weeks, the price can also move very differently from the market trend. The course is generally very difficult to predict, as it jumps very sharply from one week to the next. However, the Shiba Inu forecast is quite positive for the second quarter of 2023, due to market momentum.
What is the Shiba Inu Forecast for the Second Quarter of 2023?
The prognosis does not seem to be easy to establish at this time. On the one hand, it is not certain that the crypto market can continue to rise sharply in the coming weeks, although another rise seems likely. On the other hand, Shiba Inu as a meme coin can always move very quickly in a certain direction.
Currently, the Shiba Inu forecast for the second quarter of 2023 looks positive. With a strong rise in the crypto market in the coming weeks, the Shiba Inu price should also be able to rise in the medium term.
Assuming that the price of Bitcoin could surpass $30,000 soon, it could lead to a sharp rise in the Shiba Inu price. Therefore, the SHIB price could move higher towards $0.000015 again.
In the next three months, it would be very possible that the course could even double if there were to be another rise as strong as the one in January. In any case, the Shiba Inu forecast for the next few weeks should be positive.
Therefore, a Shiba Inu forecast of $0.000015 to $0.000022 is assumed by the end of the second quarter.
Shiba Inu Forecast by CryptoPredictions
Shiba Inu started in April 2023 at $0.000010862502665 and is forecasted to end the month at $0.000011147854044. During April, the expected SHIB price maximum is $0.000018992378615 and the minimum is $0.000012914817458.
Shiba Inu is expected to start in May 2023 at $0.00001287777127 and end the month at $0.000015962562015. During May, the expected SHIB price maximum is $0.000018937898926 and the minimum is $0.00001287777127.
Shiba Inu is expected to start June 2023 at $0.000015483685154 and end the month at $0.000016201942756. During June, the expected SHIB price maximum is $0.00001886558789 and the minimum is $0.000012828599765.
By Audy Castaneda
