2023 SHIB Price Forecasts from Cryptocurrency Experts

According to the SHIB price chart, the cryptocurrency has been overdue for a price increase or "rebound" due to a period of consistent value decreases.

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The relative strength index, depicted in purple on the chart, has remained below 50 for an extended period

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indicating a potential rally may be imminent due to the index's recent upward trend.

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The launch of Shibarium is expected to improve the speed and affordability of using SHIB, which may encourage wider adoption and usage of the cryptocurrency.

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If the SHIB: The Metaverse project is released in the current year, it is expected to lead to a significant increase in the value of SHIB.

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The altcoin saw a 58% price increase in early February, reportedly driven by the news of the metaverse's development.

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Some analysts believe that SHIB may experience a 30% price increase by the end of the month, bringing it to around $0.000011 and causing it to lose one zero in value.

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