The crypto market has experienced somewhat of a resurgence in recent times. happens to be one of the altcoins that many seem to have their eyes on during this period. And if the prediction of this machine learning algorithm is anything to go by, it would seem that these SHIB holders are well positioned for more profitable times ahead.
SHIB’s Projected Price By December
According to from the price prediction algorithm on the crypto analytics platform CoinCodex, SHIB’s price is predicted to hit $0.000009534 by December 11. Such price action will represent about a 10% increase from its .
Meanwhile, the sentiment around the token continues to be bullish, which suggests that many expect the despite the impressive gains it has already recorded.
With such a bullish sentiment, CoinCodex’s prediction seems more attainable as the ecosystem could see jump in on the token. If that happens, it could further add to the buying pressure, an important metric to determine if SHIB could continue riding on this momentum to attain CoinCodex’s prediction by December.
In line with the bullish sentiment, CoinCodex noted that 24 technical analysis indicators are signaling bullish signals, with only a mere 4 indicators signaling bearish signals. Based on its forecast, the platform predicts that now remains a good time to buy the meme coin despite the impressive gains it has already recorded.
Another important metric that CoinCodex highlighted was the fact Shiba Inu’s RSI value currently stands at around 63.05, indicating that the token is neither oversold nor overbought. As to the exact time to buy the token, investors might be able to take a cue from CoinCodex’s five-day prediction as the platform expects a correction to around $0.000008008.
The Fundamentals Are Aligning For Shiba Inu
The Shiba Inu ecosystem has continued to record interesting developments that suggest that the as the charts and technical analysis. Most recently, the SHIB non-custodial wallet was in a bid to promote the ecosystem’s vision of a and enhance the crypto experience of Shibizens.
Interestingly, the wallet is equipped with certain features that address the fears of using a non-custodial wallet. One of them happens to be a feature that allows users to recover their tokens even if they were to forget their seed phrase. The wallet also integrated Web3Auth to make the user onboarding experience effortless and straightforward.
At the time of writing, SHIB is trading at around $0.000009465, up by over 14% in the last 24 hours, according to from CoinMarketCap.
SHIB crosses $0.0000092 | Source: