Shiba Inu Price Prediction for May
Shiba Inu, the popular meme coin, has garnered attention with its recent price movements. SHIB has positioned itself as a strong contender, entering direct competition with the popular Dogecoin.
SHIB started trading the year below $0.000010 and has since rallied by over 450%. It also hit a yearly high of $0.000045 in mid-February. Despite these gains, the token still remains about 73% down from its all-time high set in 2021. This recent price action indicates renewed interest and positive sentiment surrounding the cryptocurrency.
Currently trading around $0.00002703, after a period of consolidation, SHIB seems primed for its next potential price move. With significant volatility in the market, we assess the possibility of SHIB reaching $0.0001 by May.
Shiba Inu Price Prediction May
Shiba Inu is currently priced at $0.00002705, down 2% in the last 24 hours. According to Changelly analysts, SHIB is forecasted to trade between a minimum of $0.0000339 and a maximum of $0.0000786 in May. The experts anticipate the average trading price to be around $0.0000562.
Shiba Inu has gained 21.9% over the past seven days and 1% over the last 30 days. SHIB is up by 161.3% over the past year. During the bullish market period earlier in 2024, SHIB even touched $0.00004.
However, recent market conditions and analysis suggest that SHIB reaching $0.0001 by May is unlikely. The current market is choppy and showing a mix of bearish and bullish trends. However, the price could swing either way, depending on market sentiment and other factors.
