๐๐ Shiba Inu: Can SHIB rally 3 times more by Christmas 2023?
August October 2021 Shiba Inu (SHIBA) experienced a rapid rise from its launch in August 2020 until it reached an all-time high in October 2021. SHIB has grown by almost 85,000,000% (85 million percent), while many early investors have made millions with small investments. However, the popular memecoin has been on a downward trajectory after its peak. Since October 2021, the SHIB has fallen by about 92%. Moreover, in 2023 alone, the SHIB fell by 14.5%. However, fans and investors are still hopeful that Shiba Inu can rebound and restore its previous glory.
According to Changelly, the SHIB will not reach $0.00002 any time before 2025. However, this does not take into account the fact that we could very well enter a crypto bull run next year. With the spot Bitcoin (BTC) ETF on the horizon and Bitcoin halving after 5 months, we may see a sudden price increase in early 2024. Moreover, as the expectation of a bull run increases, more and more people may start investing in crypto, especially memecoins, which show the potential of the โmoon".โ
Therefore, the SHIB may reach $ 0.00002 by Christmas this year. Moreover, the holiday season may lead to a small rally as people prepare for the new year and the crypto rally expected in early 2024.In order for the Shiba Inu (SHIB) to increase by 3 times, it needs to reach the price of 0.00002076. This represents a growth of 200% from current levels. Although the SHIB has shown such growth before, it is debatable whether the Shiba Inu can be collected before Christmas 2023. Many hoped that a SHIB rally would be triggered by the project's layer-2 network launch Shibarium.
