The cryptocurrency market seems to be in a slump, with the global market cap falling by nearly 1% in the last 24 hours to $2.35 trillion. Shiba Inu (SHIB) follows the larger market trend, falling 3.7% in the daily charts, 12.3% in the weekly charts, 8.7% in the 14-day charts, and nearly 11% in the previous month.
Also Read: Shiba Inu: Can SHIB Rally 1157% In A Few Days Like in 2021?
The market dip could be due to macroeconomic reasons, such as high inflation and fading expectations of an interest rate cut. Moreover, global geopolitical tensions may have added to investor fears.
Machine learning AI predicts Shiba Inu’s price for May 15
According to CoinCodex, SHIB could see a price bump over the next few days. The platform anticipates SHIB to hit $0.00002343 on May 15, 2024. Reaching $0.00002343 from current levels would translate to a growth of about 7.63%. Moreover, CoinCodex predicts SHIB will continue its bullish trajectory for the rest of the month, hitting $0.00004171 on May 31, 2024. Hitting $0.00004171 from current levels would translate to a growth of about 91%.
Also Read: VanEck Launched Index To Monitor Meme Coins Like Shiba Inu, Dogecoin
Changelly, on the other hand, is more bullish on Shiba Inu (SHIB). The platform predicts the dog-themed crypto to hit $0.00002745 on May 15, 2024. Reaching $0.00002745 from current levels would translate to a growth of about 26%. Furthermore, Changelly anticipates SHIB to hit $0.00005101 on May 31, 2024. Reaching $0.00005101 from current levels would translate to a growth of over 134%.
Also Read: Shiba Inu: Can SHIB Hit $0.1, If 50 Trillion SHIB Are Burnt Yearly?
Therefore, Shiba Inu (SHIB) could witness a major price spike over the next few days. However, there is also a possibility that the asset will undergo a price consolidation at current levels, given that the traders are very inactive at the moment.
