Bitrabo Editorial
As September comes to a close, the expectations surrounding the cryptocurrency market and altcoins like Shiba Inu have heightened significantly. With a week remaining in the month, there is still an opportunity for major changes in digital asset trends. For Shiba Inu, projections indicate a potentially bullish scenario, with CoinCodex’s machine learning algorithm predicting that the SHIB price might more than double in value.
Positive Outlook for September’s Final Days
Throughout the third quarter of 2024, Shiba Inu’s price faced several downturns, dropping to levels last seen at the year’s start. However, this bearish trend has created buying opportunities for investors looking to enter the meme coin market at lower prices. With a price recovery underway, optimism among Shiba Inu investors is on the rise.
CoinCodex’s algorithm forecasts a bullish trajectory for Shiba Inu’s price. Its five-day short-term prediction suggests continued recovery throughout the week leading into the weekend.
The model anticipates a price increase to $0.00003084, representing a 113.06% gain, effectively more than doubling the current price. Remarkably, this projection is expected to realize within the next five days.
In the longer term, however, the outlook for Shiba Inu turns bearish again. Although the prediction shows potential for over 100% gains, the 30-day forecast predicts a decline back to $0.00001444 in October, indicating a 50% drop from the anticipated peak of $0.00003084.
When Will Shiba Inu Achieve New Heights?
Currently, Shiba Inu’s price remains over 80% lower than its all-time high of $0.000088, suggesting a significant journey ahead for the meme coin to reach a new peak. The extended prediction from the machine learning algorithm estimates when the SHIB price could surpass this previous high.
It is projected that Shiba Inu won’t reach a new all-time high within the next five years. The model suggests a potential price of $0.00148 by 2029, marking the highest anticipated value in the coming years. For the expected bull run in 2025, estimates place the peak price at $0.00006286, according to the algorithm’s analysis.