Will SHIB Hit a New All-Time High in June 2024?

Shiba Inu (SHIB) has witnessed an impressive rally over the last few days. Although the asset has faced a 1.1% correction in the daily charts, it is still up by 7.8% in the weekly charts, 3% in the 14-day charts, and 23.7% over the previous week.

Also Read: Shiba Inu or Dogecoin: Which Meme Coin Will Soar Higher This June?

SHIB had also recently overtaken Cardano (ADA) and entered the top 10 crypto projects by market cap. However, the dog-themed crypto has since exited the top 10 list and is currently ranked 12th.

Shiba Inu (SHIB) to hit a new all-time high in June 2024?

HIB hit an all-time high of $0.00008616 in October 2021. The asset’s price has since fallen by nearly 70%. However, many analysts anticipate the popular dog-themed crypto to hit a new all-time high soon.

Also Read: Shiba Inu ETF Approval: A New Era for Cryptocurrency Investors?

According to CoinCodex, Shiba Inu (SHIB) will rally throughout the month of June. According to the platform, SHIB could surge to as high as $0.00008769 on June 28, 2024. Reaching $0.00008769 from current levels would translate to a growth of about 238%.

Changelly also anticipates SHIB to rally in June. The platform predicts SHIB to hit $0.00009279 on June 27, 2024. Hitting $0.00009279 from current levels would translate to a growth of nearly 258%.

Also Read: Shiba Inu To Hit $0.00006: Early Bitcoin Adopter DaVinci Jeremie

Early Bitcoin (BTC) adopter Davinci Jeremie, who asked people to buy $1 worth of Bitcoin in 2013, is also quite bullish on Shiba Inu (SHIB). Jeremie anticipates SHIB to break into a rally soon, hitting going as high as $0.00006. Jeremie has a good track record of naming assets that could go to the moon like he did with Bitcoin (BTC) about 11 years ago.