Shiba Inu Price Prediction: Can SHIB Hit $0.00002 This Weekend?
Shiba Inu (SHIB) is following the cryptocurrency market revival, rallying 5.3% in the daily charts, 4.5% in the weekly charts, 3.6% in the 14-day charts, and 1.6% over the previous month. SHIB’s price has also increased by nearly 92% since September 2023. This price prediction article will discuss whether SHIB can hit $0.00002 this weekend. Also Read: Solana Unveils “Seeker” Phone: Will SOL Spike To $250 Now? Factors Influencing SHIB’s Price Rally Source: CoinGecko Why Is The Memecoin Rallying Today? SHIB’s rally could be due to Bitcoin (BTC) reclaiming the $62,000 level for the first time since late August 2024. The general market sentiment seems to have undergone a bullish reversal. BTC’s rally is probably due to the Federal Reserve cutting interest rates by 50 basis points. This is the first rate cut in the US in nearly four years, and interest rate cuts usually lead to investors making riskier investments. Also Read: Bitcoin Soars 2%: How Fed Rate Cuts Impact Your ...