Shiba Inu (SHIB) is following the crypto market upswing. The popular memecoin has rallied 4.3% in the daily charts, 8.1% in the weekly charts, and 4.2% in the 14-day charts. However, the asset is down by 3% over the previous month. Moreover, SHIB’s price has fallen by over 24% since February 2023.
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Despite the recent market rally, Shiba Inu (SHIB) continues to struggle to delete a zero after its decimal point. SHIB briefly deleted a zero in December but could not sustain its levels. The memecoin quickly gained back its zero in early January 2024.
Will Shiba Inu (SHIB) delete a zero this week?
SHIB has faced significant resistance at the $0.00001 level. The asset has struggled to maintain its price above this pivotal point.
Also Read: Shiba Inu in 2050: Cryptocurrency of the Future or Passing Fad?
According to CoinCodex, Shiba Inu (SHIB) may delete a zero and reach $0.00001007 on Feb. 15, 2024, a rise of around 4.8% from current levels. However, the platform anticipates SHIB’s price to fall to $).000008519 by the last week of February. CoinCodex predicts SHIB to trade between $0.000008 and $0.00001 for the rest of February.
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Changelly anticipates Shiba Inu (SHIB) to delete a zero on Feb. 19, 2024, reaching a price of $0.00001003. However, the platform predicts that SHIB will regain the zero a day later. Changelly expects SHIB to once again breach the $0.00001 level in mid-March. The platform anticipates a maximum price of $0.0000149985 in 2024. Reaching $0.0000149985 from current levels would translate to a growth of about 56%.
Telegaon, on the other hand, anticipates SHIB to reach a maximum price of $0.0000571 in 2024. Reaching $0.0000571 from current levels would translate to a growth of about 494%.
