Whats the Peak Potential for SHIB in 2024

CoinJiem.com reported:


On Thursday, the trading price of Shiba Inu (SHIB) dropped by nearly 8% to around $0.000015. SHIB has experienced a significant decline in the second half of 2024, depreciating by 36% within a month. The downward trend has made investors nervous about dog-themed tokens in the market.
Although Shiba Inu was leading in the first half of 2024, the second half is still not optimistic. This quarter, the trading environment for SHIB has become more challenging, with little positive price increase. Will SHIB reverse the situation and rebound on the rankings in 2024? In this article, we will focus on whether the trading price of SHIB in 2024 is high or low.
Shiba Inu: How high will the trading price of SHIB be in 2024?


Leading on-chain indicators and price prediction company, Coinpedia, has painted an optimistic outlook for Shiba Inu in 2024. According to their price prediction, SHIB is bottoming out in the index, making it the best time to accumulate tokens. The prediction suggests that the lowest value SHIB could reach in 2024 is in the range of $0.000010, which is its current value.


Price predictions estimate that the price of Shiba Inu will only rise from now on, reaching an average trading price of $0.000038. This represents an increase of nearly 280% from the current price. The prediction also forecasts that SHIB will reach its annual high of $0.00006697 in 2024. If the prediction holds true in the second half of the year, it will be an astonishing growth.
If Shiba Inu reaches $0.00006697 as predicted, it will see a 580% increase in the next few months of 2024. If the prediction is accurate, a $1,000 investment could turn into $6,800. However, the cryptocurrency market is highly volatile, and it cannot be guaranteed that SHIB will skyrocket by 580% in the remaining months of 2024.