Shiba Inu is yet to make a positive move in the cryptocurrency universe. The token has long been showing a slow price pace, sitting at a price threshold of $0.00001626, unable to move past the critical juncture. However, with new updates and moves ushering in, Shib is now seeking a new price milestone. Will it be possible to achieve it this weekend? Let’s find out.
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Shiba Inu Whales Are On The Move
![shiba inu shib whale](https://watcher.guru/news/wp-content/uploads/2023/12/shiba-inu-shib-whale-1024x585.jpg)
![shiba inu shib whale](https://watcher.guru/news/wp-content/uploads/2023/12/shiba-inu-shib-whale-1024x585.jpg)
With SHIB encountering low price thresholds, the Shiba Inu Whales are on the move, scooping up the token in large quantities. Per the new details, a whale has bought nearly $2.7 million SHIB tokens worth $48.3 million, causing a slight uptick in SHIB’s price. Due to this, the token surged briefly to the $0.000021 price level, but is now down by 4%, sitting at $0.000016.
Similarly, the stellar burn mechanism designed for the token is also consistently working towards stabilizing SHIB. With the recent WazirX hack, the token is yet again moving at a low price.
Shiba Inu Price Forecast: When Will SHIB Recover?
According to Changelly, Shiba Inu’s weekend price forecasts look particularly positive. The token may surge to trade at the $0.00003441 level by July 27, 2024. The weekend is ushering in a new price pump for Shib, helping the token spike to nearly 97% in the process.
At the same time, the token is predicted to surge and trade at a nominal price level of $0.0000276 by the end of July.
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“Crypto experts have analyzed Shiba Inu prices in 2024, so they are ready to provide their estimated trading average for July 2024—$0.0000276. The lowest and peak SHIB rates might be $0.0000173 and $0.0000380.”
Similarly, with August approaching quickly, the token may surge to claim a new level. Changelly adds that SHIB may trade at $0.0000217 in August 2024.
“Crypto analysts expect that at the end of summer 2024, the SHIB price will be around $0.0000217. In August 2024, the Shiba Inu cost may drop to a minimum of $0.0000162. The expected peak value might be $0.0000272 in August 2024.”