Shiba Inu Price Could Jump 200% To $0.00006 In October, Here’s Why

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,373,968,061,552	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,373,968,061,552

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-32.72	-0.05%	69,449.35	69,456.49	69,456.50

Price Change

Price Change %

Current Price

Bid Price

Offer

-32.72

-0.05%

69,449.35

69,456.49

69,456.50

High Price	Low Price	Open Price	Prev. Close	52 Week Range
69,891.92	69,409.02	69,555.89	69,482.07	34,100.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

69,891.92

69,409.02

69,555.89

69,482.07

34,100.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	10:07:08	0.000155	69,447.57	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

10:07:08

0.000155

69,447.57

USD

Price x Volume	Volume	Base Symbol	Related Pairs
71,765,512.54	1,030.83	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

71,765,512.54

1,030.83

Shiba Inu Price Could Jump 200% To $0.00006 In October, Here’s Why

01/10/2024 12:30am

NEWSBTC

Shiba Inu has been on an uptrend recently, after suffering losses for the better parts of the second and third quarters of the year. This recovery going into the new month plays into the high expectations for the meme coin, especially in Q4, when the altcoin’s price is expected to more than double. Using historical data, this report elaborates on why the expectations for the Shiba Inu price are high going into the last quarter of the year 2024. The Most Bullish Month Of The Year For Shiba Inu According to historical performance, the end of September is about to usher in the most bullish quarter of the year 2024 for Shiba Inu. This is especially true for the month of October which has never ended in the red for the meme coin. If this trend holds, then the SHIB price could continue to rise from here. Related Reading: ETH Rally Pushes Profitability To Nearly 70%: More To Come This Week? Data from the CryptoRank website shows that the Shiba Inu price has seen an average return of +283.4% in the month of October. This average return could mean that the Shiba Inu price could triple by the time the month of October is over. Such a rise would put the SHIB price around the $0.00006 level this month. Additionally, if the recovery continues through the end of the year as expected, then the meme coin’s price could be seeing a new all-time high price before the year is over. Also, the last time that SHIB ended the month of September in the green was 2021, and the month of October went on to see an 833% increase in the space of one month. Now, 2024 is about to be the first in three years when the SHIB price is ending in the green again. A repeat of the 2021 trend would also send SHIB toward a new all-time high. Will Q4 End In Green Or Red? While the crypto market has often seen a good turn in Q4, the Shiba Inu price has not been very lucky after the month of October. According to CryptoRank, the average returns for November and December are in the negative with -15.9% and -6.12%, respectively. Related Reading: Bitcoin Short Squeeze Could Catapult Price To New All-Time High – Here’s Why This doesn’t bode well for the Shiba Inu price and could suggest a good time to sell for investors. If this follows, then October could be a good time to move out of the altcoin and move back in in December. However, if the Bitcoin uptrend continues into the end of the year, it could see the SHIB price rise into the new year. Featured image created with Dall.E, chart from Tradingview.com

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