The Shiba Inu price has not been able to rise as much as other cryptocurrencies in the last few days. At the moment we are still waiting for big price movements in the meme coins. Still, it’s always possible for the Shiba Inu to be able to see a massive leap within a few hours. What is the Shiba Inu forecast for the next few weeks? Will Shib go up?
How has the Shiba Inu course moved in the last few days?
The Shiba Inu price has seen a slight drop in the past few days. The SHIB price fell more sharply at the end of the week due to the US bank crash. From $0.000011, the price dropped to $0.0000097 during the crash. After a brief stabilization, the course rose again to the old value.
After a brief rise to $0.0000114, the price fell slightly again. Only in the last 24 hours did the price fall again. The Shiba Inu price was $0.0000104 on Wednesday evening. This means that the price has fallen by 4% in the last 7 days.
Why couldn’t the price go up?
So the Shiba Inu course has hardly been able to rise in the last few days and has not benefited from the bank crash. This suggests that the Shiba Inu forecast could look rather negative in the coming weeks. But why couldn’t the Shiba Inu price rise like the Bitcoin price in the last few days?
The Shiba Inu course is a meme coin in which investors invest speculatively. The banking crisis primarily strengthened bitcoin as an alternative currency to FIAT currencies. However, the speculative meme coins are less popular in these uncertain times.
Will SHIB go up soon?
The Shiba Inu forecast for the coming weeks is difficult to predict at the moment. Because at the moment it is difficult to say how the banking crisis in the USA will spread and how the crypto market will react to the crisis in the coming weeks. Nevertheless, it seems more likely that the Bitcoin price should rise in the coming weeks. This should also lead to a subsequent surge in altcoin prices.
If the bitcoin can soon rise sharply again, the Shiba Inu course should also benefit as a result. There could also be a strong rally in the Shiba Inu coin, which will take the price back above the $0.000015 level.
How high can the Shiba Inu price rise in our forecast?
The Shiba Inu Coin could therefore rise again in the coming weeks, although a prediction is difficult, especially in these times. Therefore, the range of prices that the Shiba Inu Coin can reach in the next few weeks is extremely wide.
Ultimately, we think a surge is more likely as the direction of the crypto market is basically up in the first quarter of 2023. This trend should also continue in the coming second quarter.
We therefore assume a Shiba Inu forecast of $0.000011 to $0.000015 .