Shiba

Rally

Shiba Inu

Zero

<div class="watcher-guru">
 <p>Shiba Inu’s (SHIB) performance in 2023 has been somewhat lackluster. The token gained a zero after its decimal point in May and is struggling to remove it. Although Shiba Inu briefly deleted the zero in mid-August, price levels did not hold. SHIB’s downward trajectory has held on for most of this year, and its price recently fell below the $0.000007 level. However, investors and fans are hopeful the dog-themed crypto will regain its lost momentum.</p>
 <p><strong>Also Read: Shiba Inu: Can SHIB Rally 3X By Christmas 2023?</strong></p>
 <p>Halloween is a little less than two weeks away. Moreover, around this time in 2021, SHIB reached its all-time high of $0.00008616. Hence, late October is usually a nostalgic time for many Shiba Inu (SHIB) enthusiasts. However, SHIB’s performance this October has been anything but inspiring. The token is down by 33.4% since October 2022 and has slumped by 8.1% over the previous month.</p>
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 <p>This brings us to the question…can Shiba Inu delete a zero again?</p>
 <h3 class="wp-block-heading" id="h-can-shib-reach-0-00001-by-halloween">Can SHIB reach $0.00001 by Halloween?</h3>
 <figure class="wp-block-image size-full"><img decoding="async" width="1024" height="573" src="https://cdn.thebittimes.com/images/2023/10/20/2f8d5424469d9043b04747886b0275b9.webp" alt="Shiba Inu" class="wp-image-115339" srcset="https://cdn.thebittimes.com/images/2023/10/20/2f8d5424469d9043b04747886b0275b9.webp 1024w, https://cdn.thebittimes.com/images/2023/10/20/2f8d5424469d9043b04747886b0275b9.webp 300w, https://cdn.thebittimes.com/images/2023/10/20/2f8d5424469d9043b04747886b0275b9.webp 768w, https://cdn.thebittimes.com/images/2023/10/20/2f8d5424469d9043b04747886b0275b9.webp 380w, https://cdn.thebittimes.com/images/2023/10/20/2f8d5424469d9043b04747886b0275b9.webp 550w, https://cdn.thebittimes.com/images/2023/10/20/2f8d5424469d9043b04747886b0275b9.webp 800w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source – Phemex
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 <p>According to the machine learning tool from PricePredictions, SHIB will continue to trade at $0.000006 levels till Oct. 31. Moreover, the platform predicts that SHIB will continue on a bearish path till at least Nov. 19.</p>
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 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="487" src="https://cdn.thebittimes.com/images/2023/10/20/60d8db4378fa4dc11d0f2f9a1bf08600.webp" alt class="wp-image-116486" srcset="https://cdn.thebittimes.com/images/2023/10/20/60d8db4378fa4dc11d0f2f9a1bf08600.webp 1024w, https://cdn.thebittimes.com/images/2023/10/20/60d8db4378fa4dc11d0f2f9a1bf08600.webp 300w, https://cdn.thebittimes.com/images/2023/10/20/60d8db4378fa4dc11d0f2f9a1bf08600.webp 768w, https://cdn.thebittimes.com/images/2023/10/20/60d8db4378fa4dc11d0f2f9a1bf08600.webp 1536w, https://cdn.thebittimes.com/images/2023/10/20/60d8db4378fa4dc11d0f2f9a1bf08600.webp 2048w, https://cdn.thebittimes.com/images/2023/10/20/60d8db4378fa4dc11d0f2f9a1bf08600.webp 380w, https://cdn.thebittimes.com/images/2023/10/20/60d8db4378fa4dc11d0f2f9a1bf08600.webp 550w, https://cdn.thebittimes.com/images/2023/10/20/60d8db4378fa4dc11d0f2f9a1bf08600.webp 800w, https://cdn.thebittimes.com/images/2023/10/20/60d8db4378fa4dc11d0f2f9a1bf08600.webp 1160w, https://cdn.thebittimes.com/images/2023/10/20/60d8db4378fa4dc11d0f2f9a1bf08600.webp 2332w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: PricePredictions
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 <p>Furthermore, according to the data on IntoTheBlock, large transactions for SHIB have fallen by 0.15%. Whale accounts hold most of Shiba Inu’s (SHIB) supply. Hence, the fall in large transactions is not a good sign for the asset’s price.</p>
 <p><strong>Also Read: Shiba Inu: Can SHIB Reach $0.01 in Six Months?</strong></p>
 <p>Moreover, SHIB has constantly formed lower highs and lower lows, limiting bullish growth. Therefore, it is unlikely that SHIB will delete a zero anytime soon, let alone by Halloween 2023. Furthermore, <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> firm Changelly does not anticipate SHIB to delete a zero before 2024. Moreover, the memecoin is unlikely to rally without the larger crypto market. Hence, it makes sense that SHIB will likely delete a zero in 2024 when the larger crypto market is also expected to spike.</p>
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  <li>shiba inu</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/can-shiba-inu-delete-a-zero-by-halloween-2023-tbt67047.html">https://thebittimes.com/can-shiba-inu-delete-a-zero-by-halloween-2023-tbt67047.html</a></p>

Can Shiba Inu Delete a Zero by Halloween 2023?

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