The crypto market is buzzing with excitement as September comes to a close. While the third quarter saw some major crashes, including for Shiba Inu, the meme coin is showing signs of recovery. Could this be the start of a major rally?
A Bullish Prediction
According to a machine learning algorithm, Shiba Inu could see a massive price jump in the next five days. The algorithm predicts a 113% increase, potentially doubling the current price. This would mean reaching $0.00003084 by the weekend.
Short-Term Gains, Long-Term Uncertainty
While the short-term outlook is bullish, the algorithm predicts a complete retracement of these gains within the next month. By October, the price is expected to fall back to its current levels, representing a 50% decline from the predicted peak.
Reaching New Heights?
Shiba Inu is still significantly below its all-time high of $0.000088. The algorithm predicts that it won’t reach a new peak for at least five years. It estimates that the price could reach $0.00148 in 2029, but the next bull run in 2025 is expected to see a peak of only $0.00006286.
It’s important to remember that these are just predictions, and the actual price of Shiba Inu could be different. The crypto market is volatile, and anything can happen. /p>
