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HomeFinance NewsShiba Inu's Potential 422% Rise Next Month, Based on Past Records

Shiba Inu’s Potential 422% Rise Next Month, Based on Past Records

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According to historical data, Shiba Inu (SHIB) may experience a potential increase of 422% in the upcoming month. The cryptocurrency has been struggling to break past the $0.00008 price point, facing strong resistance. However, as October approaches, there is hope for Shiba Inu as past patterns indicate a positive trend during this month. In 2021, SHIB skyrocketed by 822% in October, reaching an all-time high. Similarly, in 2022, it achieved a 10.4% gain despite a decline in the previous month. CryptoRank data shows that Shiba Inu has averaged a 422% rise in October.

While this historical trend may attract investors, caution should be exercised as past performance does not guarantee future results. It’s important to understand that cryptocurrency markets are highly unpredictable. Therefore, these historical insights should not be considered as investment advice. Nevertheless, for those speculating on Shiba Inu’s potential future performance, if it follows its average October increase of 422%, it could potentially reach a price point of $0.00003101 from its current price of $0.00000735.

It’s essential to conduct thorough research and analysis before making any investment decisions. The Crypto Basic, as the source of this article, emphasizes the importance of understanding the inherent risks in the cryptocurrency market.

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