Will Shiba Inu Gain Another Zero After 10% Crash in 1 Week?
Historically bearish September seems to be living up to its name. The cryptocurrency market is facing one of its most significant price corrections in recent months. Shiba Inu (SHIB) has also experienced a substantial price crash. According to CoinGecko data, SHIB’s price has fallen 6.7% in the last 24 hours, 10.9% in the last week, 3.4% in the 14-day charts, 9.2% over the previous month, and 17.7% since September 2024. Source: CoinGecko Will Shiba Inu Gain Another Zero Amid Price Crash? Source: Token Metrics Shiba Inu (SHIB) is currently facing a substantial risk of gaining another zero after its decimal point. However, investors should note that SHIB last traded under $0.00001 in February of 2024. The popular cryptocurrency has not gained a zero after its decimal point over the last 18 months. The trend may continue, given that SHIB has some support at the $0.000012 level. CoinCodex analysts also don’t expect Shiba Inu (SHIB) to fall below the $0.00001 mark. The platform a...