At any moment, the Shiba Inu coin has the potential to see a massive rally and double in price within a few days. After a rather quiet first quarter of 2023 for the meme coin, there could be strong increases again in the second quarter of 2023. What is the Shiba Inu price forecast for the second quarter of 2023?
How has the Shiba Inu price moved so far in 2023?
The Shiba Inu price has seen an increase so far in 2023. At the turn of the year, the rate was still 0.000008 US dollars. In January, the Shiba Inu was able to increase in value massively. At the beginning of February, the SHIB price was back at $0.000015. So the price almost doubled within a month.
This strong rally was followed by setbacks in February 2023. At the end of the month, the price was only $0.000012. With the fall in cryptocurrency prices during the banking crisis in the US, the rate fell to $0.000010. In March, the Shiba Inu price surprisingly mostly moved sideways.
Why couldn’t the Shiba Inu surge as much as other coins?
As a meme coin, the Shiba Inu Coin can often rise very sharply within a short period of time. But in other weeks, the price can also move very differently from the market trend. The price is generally very difficult to forecast and jumps very strongly from one week to the next. Nevertheless, the Shiba Inu forecast is rather positive for the second quarter of 2023 due to the momentum of the market.
What is the Shiba Inu forecast for the second quarter of 2023?
The Shiba Inu prognosis seems to be very difficult to make at the moment. For one, it is not certain that the crypto market can continue to rise sharply in the coming weeks, although another rise seems likely. Furthermore, the Shiba Inu Coin as a meme coin can always move very quickly in a certain direction.
But currently the Shiba Inu forecast for the second quarter of 2023 looks positive. With a strong increase in the crypto market in the coming weeks, the Shiba Inu price should also be able to rise in the medium term.
How high can the Shiba Inu price rise in our forecast?
If we assume that Bitcoin price could break above $30,000 soon, it could lead to a sharp surge in Shiba Inu price. The SHIB price could thus rise again towards $0.000015.
In the next 3 months it is quite possible that the price could even double if we see another rally as strong as in January. In any case, the Shiba Inu forecast for the coming weeks should look positive.
We therefore expect a Shiba Inu forecast of $0.000015 to $0.000022 for the end of the second quarter.
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Source: https://cryptoticker.io/en/shiba-inu-price-forecast-as-dogecoin-explodes-will-shib-follow/