header banner

Can the Shiba Inu make it to its third rally by Christmas 2023?

Shiba Inu (SHIB) had a meteoric rise from its launch in August 2020 to reaching its all-time high in October 2021. Many early investors made millions with small investments as SHIB rallied by almost 85,000,000% (85 million percent). However, the popular memecoin has been on a downward trajectory after its peak. Since October 2021, SHIB is down by nearly 92%. Moreover, in 2023 alone, SHIB is down by 14.5%. Nonetheless, fans and investors are still hopeful that Shiba Inu can rally and reclaim its previous glory.

Also Read: Shiba Inu: These Investors Earned Billions, Here’s What Happened

For Shiba Inu (SHIB) to 3X, it needs to reach a price of 0.00002076. This represents a growth of 200% from current levels. Although SHIB has displayed such growth before, whether or not Shiba Inu can rally before Christmas 2023, is debatable. Many were hopeful that a SHIB rally would be triggered by the project’s layer-2 network launch, Shibarium. However, the launch did little to nothing for SHIB’s price. Nonetheless, that does not mean that Shibarium was a failure. In fact, it’s quite the contrary. The network has continued to display healthy growth, and the number of users is increasing daily. Moreover, the network allows long-term SHIB adoption as more applications are built on SHIB.

Will Shiba Inu reach

Will Shiba Inu reach $0.00002 by Christmas 2023?

.00002 by Christmas 2023?

Shiba Inu
Source – Coin68

According to Changelly, SHIB will not reach $0.00002 anytime before 2025. However, this is not considering the fact that we may very well enter a crypto bull run next year. With a spot Bitcoin (BTC) ETF on the horizon and Bitcoin’s halving 5 months away, we may see a sudden price rise in early 2024. Moreover, as the anticipation for a bull run grows, more people may begin to invest in crypto, especially memecoins that have shown the potential to “moon.”

Hence, SHIB may reach $0.00002 by Christmas this year. Moreover, the holiday season may spark a small rally as people gear up for the new year and for the anticipated crypto rally in early 2024.


Article information

Author: Dr. Michelle Allen

Last Updated: 1698339962

Views: 749

Rating: 4.2 / 5 (115 voted)

Reviews: 97% of readers found this page helpful

Author information

Name: Dr. Michelle Allen

Birthday: 2020-08-08

Address: 80050 Santos Walk, West Sarah, CT 07855

Phone: +3959211991544257

Job: Article Writer

Hobby: Skiing, Cycling, DIY Electronics, Photography, Telescope Building, Coffee Roasting, Badminton

Introduction: My name is Dr. Michelle Allen, I am a striking, vibrant, accomplished, strong-willed, apt, unreserved, skilled person who loves writing and wants to share my knowledge and understanding with you.