The forecast for the price of the Shiba Inu meme coin in May 2024 has been fulfilled

In the crypto world, very few assets have managed to attract as much attention as Shiba Inu. The meme coin was able to succeed in an unpredictable market despite being born out of internet culture. As the month of May 2024 approaches, the community is trying to imagine what the price trajectory of the meme coin will be.

After a busy week with price bottoming, the cryptocurrency market is now showing signs of recovery. Today Bitcoin (BTC) managed to cross the $64,000 threshold, but not all altcoins followed suit. For example, SHIB has remained virtually unchanged in price over the past day and is currently trading at $0.00002598. At the same time, the token maintains a weekly plus of 14.4%.

Against the backdrop of a slight increase, large coin owners, called cryptocurrencies, perked up. In particular, one of them transferred a whopping 3 trillion SHIB tokens worth $79.94 million, shaking up the Shiba Inu community.

Tracking service Whale Alert tracked a transaction between mysterious wallets. The transfer from the address “0x73a…4d935” to the anonymous wallet “0x2ef….2e204” was surprising for several reasons. First of all, attention was attracted not only by the scale of the transaction, but also by the user himself, since he is among the top 100 richest SHIB addresses.

While the community is busy discussing transactions, Changelly made a forecast for the price of the meme cryptocurrency by the beginning of May. Shiba Inu's minimum price in May is estimated to be $0.0000364. The maximum price SHIB can rise to in the next month is $0.0000941. The average price value is expected to fluctuate around $0.0000653.