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Shiba Inu: When Will $SHIB Reach $0.00005?
Shiba Inu has achieved incredible success in its four-year history. The project has garnered a loyal fan base that seems to be growing every year. SHIB's popularity skyrocketed during the 2021 bull run as its price skyrocketed by millions of percent. Since its 2021 peak, SHIB's price has somewhat struggled to regain momentum, falling victim to general pessimism over the past two years. Current Price Movement of Shiba Inu The cryptocurrency market has faced a significant correction in the past week. The price of SHIB has followed a downward trend. This asset has decreased by 3.9% on the daily chart, 7.7% on the weekly chart, 24.4% on the 14-day chart, and 11.8% compared to last month. Despite the decline, SHIB has still maintained an increase over the past year. This dog-themed cryptocurrency has increased by 108.5% since December 2023.
The current decline of SHIB may be due to the Federal Reserve announcing two interest rate cuts in 2025 instead of three. Inflation in the United States has also risen to 2.7%. The hawkish stance may have kept investors away from risky assets. When will Memecoin reach $0.00005? SHIB last traded above 0.00005 dollars in November 2021, over three years ago. The asset would need to increase by 125.53% from the current price to reach 0.00005 dollars. According to Changelly, Shiba Inu (SHIB) is expected to surpass the $0.00005 threshold in 2025. The platform predicts that the asset price will reach a maximum of $0.000059994 next year.
Telegaon analysts predict SHIB will reach $0.00005 this year. Telegaon's forecast has yet to come true. The platform predicts that this dog-themed cryptocurrency will trade at a potential maximum price of $0.0000728 in 2025.
There is a possibility that SHIB will increase by more than $0.00005 in 2025. President-elect Donald Trump is expected to be quite tolerant of the cryptocurrency industry. This development could lead to assets reaching new highs.
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