SHIB Expected to Reach New All-Time High in 2029
A crypto platform called Changelly predicts that Shiba Inu (SHIB), the meme coin, could surpass its previous all-time high and reach a new peak. According to Changelly’s forecast, SHIB is expected to hit a maximum price of $0.0000949905 by 2029. This means that the next all-time high for SHIB may occur in 2029, as none of the projected maximum values leading up to that year match its current ATH.
In 2024, Changelly estimates SHIB’s maximum value to be $0.0000149985. The platform further predicts that SHIB will have maximum values of $0.0000219978, $0.0000329967, $0.0000479952, and $0.0000669933 in 2025, 2026, 2027, and 2028 respectively. Overall, Changelly has a bullish outlook on SHIB.
Changelly also anticipates that SHIB will end the year on a high note with a price of $0.000009023 by December 24th, indicating a 9% increase from its current price. In the short term, the platform suggests that SHIB could experience around a 3% increase entering into December.
All of Changelly’s technical indicators point towards a 64% bullish sentiment for SHIB. The Fear and Greed index shows a score of 66 (signifying Greed). Over the past month, SHIB has been in the green for 16 days (53%) and has had a price volatility of 4.82%, according to Changelly.
SHIB’s Strong Ecosystem
Despite recent accusations made by the Shibburn community project, Shiba Inu and its community appear unaffected. Shibarium, a layer-2 network associated with SHIB, has recently witnessed an increase in daily transactions. Lucie, Shiba Inu’s marketing lead, highlighted this milestone in a post.
Shibarium has also crossed the 4 million mark in terms of total transactions processed on its network. Additionally, Shiba Inu’s developers continue to strengthen the network and have announced a new feature aimed at enhancing community engagement and support for validators.
Despite challenges, SHIB’s price has remained steady. As of now, SHIB is trading at around $0.000008324, showing a 1% increase in the last 24 hours, according to data from CoinMarketCap.
Hot Take: SHIB’s Potential for Growth
Shiba Inu (SHIB) is expected to reach new heights according to Changelly’s predictions. With a projected all-time high in 2029 and positive indicators, including a bullish sentiment and increasing transaction activity on Shibarium, SHIB shows potential for growth. Despite recent criticisms, SHIB’s ecosystem remains strong as developers work on improving the network and engaging the community. As of now, SHIB’s price has remained resilient despite adversity. Keep an eye on SHIB as it continues to make waves in the crypto market.
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