Can SHIB Rally 700% And Hit $0.00008 In 2024?

Shiba Inu (SHIB) is down by nearly 84% from its all-time high of $0.00008616, which it attained in October 2021. Despite its massive drop, SHIB is still among the best-performing assets of the last four years. Read on to see the SHIB price prediction.

Also Read: Shiba Inu: Forbes Predicts When SHIB Will Rise 670%, Hit $0.0001

SHIB’s Price History and Performance

Since its debut in August 2020 and its all-time high in October 2021, SHIB’s price has increased by many million percent. Early investors made millions of dollars in profits, and in some cases, they even made billions.

Current Market Sentiment

While SHIB is substantially down from its 2021 peak, some SHIB price predictions say the asset could reclaim its previous glory.

Investor Opinions

Many believe that the Shiba Inu (SHIB) boat has already sailed and that it is too late to place a bet on the dog-themed cryptocurrency. Others think that SHIB still has room for growth and could hit new highs. Let’s see if SHIB can reclaim the $0.00008 level in 2024.

Also Read: Shiba Inu: How To Make $1 Million If SHIB Reclaims $0.000086?

Can Shiba Inu hit $0.00008 in 2024?

According to Changelly researchers’ price prediction, SHIB will hit a maximum price of $0.000038 in 2024, a rise of nearly 182% from current levels.

Telegaon’s price prediction is more bullish on SHIB. The platform anticipates SHIB to hit a maximum price of $0.00005 in 2024, a rise of about 270% from current price levels.

Telegaon and Changelly do not anticipate Shiba Inu reaching the $0.00008 level this year but predict the asset will hit a new yearly high.

Also Read: Shiba Inu: $1 Monthly Since 2020 Is Worth $1.3 Million This August

Whether the asset will hit the predicted level is yet to be seen. With a favorable market environment and high investor sentiment, the dog-themed crypto could hit a new yearly high.