Shiba Inu (Shib) is currently outcoming the tastes of Bitcoin (BTC) and Ripple’s XRP in daily graphics. Shib joined 4.1% in the past 24 hours. The BTC, on the other hand, fell by 3.5% and XRP joined 1.5% in the same period of time.
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Shiba Inu continues to grope
Despite the SURPERFORMANCE BTC and XRP in daily graphics, Shib has faced a price drop in recent days. The asset is down 6% in weekly graphs, 8.1% in 14 days and 23.4% cards compared to the previous month. The crypto on the dog’s theme has maintained certain gains in annual cards, gathering 48.4% since February 2024.
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The last drop in the market is probably due to the United States’s reimposition prices in Canada and Mexico. Bybit’s hacking has probably pushed the correction. The feeling of investors has taken a massive blow in the past few days. Shib and other risky assets have been faced with substantial outings due to the drop in market optimism.
Can the asset reach $ 0.000025 soon?
SHIB was negotiated for the last time above the bar of $ 0.000025 in December 2024. SHIB must gather by approximately 76% to reach the target of $ 0.000025.
According to Changelly analysts, Shib could reach the bar of $ 0,000025 in March. The platform provides that the assets to negotiate at a maximum price of $ 0.0000298 next month. Despite the planned rally, Changelly does not expect the price of SHIB to take place at $ 0.0000298. The platform predicts that Shib will be faced with a substantial correction just after. Changelly analysts anticipate the crypto on the theme of dogs to violate the bar of $ 0,000025 in November of this year.
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If the market maintains its recovery, Shib could hold the price level of $ 0.000025. The way the assets work in the coming weeks is still to be seen.