The Future of Shiba Inu: Will SHIB Rise on Halloween?
As we approach the end of September, Halloween enthusiasts are already making plans and choosing costumes for the scariest holiday of the year. However, crypto traders have other concerns on their minds, such as predicting the future price of Shiba Inu (SHIB).
As a result, a large portion of the crypto market has returned to sideways trading, and Shiba Inu is no exception. Additionally, machine learning (ML) algorithms have indicated a strong possibility of the meme coin trading at a slightly lower price on September 28th.
Shiba Inu Predictions
Indeed, machine learning algorithms used by CoinCodex, a crypto tracking platform, predict that SHIB may be priced 1.62% lower than its current level by October 31, 2023. This could mean that it will be trading at $0.000007133 during the Halloween holiday.
The price of SHIB during past Halloween seasons has been highly variable since its emergence in 2020. Therefore, drawing a clear conclusion from chart patterns may not be easy. In particular, Shiba Inu was trading at only $0.000000000168 during Halloween 2020.
Especially during the 2021 Halloween, it reached record prices of $0.00006541 with an increase of 38,934,400%. However, a year later, it started trading at an incredibly low level of $0.00001194 on October 31, 2022, representing an 81.75% decrease compared to the previous year.
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