Shiba

when

Shiba Inu

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The popular meme-inspired cryptocurrency&nbsp;<a href="https://u.today/this-shiba-inu-shib-pattern-just-got-invalidated-bitcoin-btc-secures-critical-price-level-ethereums" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> has an interesting deadline this October, as the price history of SHIB promised an increase of at least 200% up to 283%, but until Oct. 14 we only saw a gain of 2.67%.
Thus, according to the price history of the Shiba Inu token presented by&nbsp;<a href="https://cryptorank.io/price/shiba-inu" rel="noopener noreferrer nofollow">CryptoRank</a>, the historical return for the second largest asset in the meme coin sector of the crypto market in October is 213.2%. Most of this result can be attributed to October 2021, when the price of SHIB soared 833.6% in that month.&nbsp;
However, an even more adjusted median shows a return of 8.21% for the&nbsp;<a href="https://u.today/only-12-trillion-shiba-inu-shib-in-24-hours-whats-happening" rel="noopener noreferrer nofollow">Shiba Inu</a> token in the 10th month of the year.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="d04a6f08-4069-4663-bad4-ed4e54c0d137" src="https://u.today/sites/default/files/inline-images/0bcf2cad600df8e637ab490a.png">Source: <a href="https://cryptorank.io/price/shiba-inu" rel="noopener noreferrer nofollow">CryptoRank</a>
Basically, October is usually a green month for the popular meme cryptocurrency, but the results shown do not usually prove the price history. In 2022 and 2023, the price of the Shiba Inu token also increased, but only by 10.4% and 6.04%, respectively.&nbsp;
<h2 dir="ltr" id="shiba-inu-shib-price-outlook">Shiba Inu (SHIB): Price outlook</h2>
Whether this time will be as fruitful as it was for SHIB three years ago remains to be seen.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="9dfcd549-f02c-4db0-91f1-d98a1a2b8f87" src="https://u.today/sites/default/files/inline-images/shib_248.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
For now, the meme-inspired token is trading at over $0.000018 per SHIB. After a two-week price drop that saw&nbsp;<a href="https://u.today/430-trillion-shib-price-cluster-what-will-shiba-inu-bulls-do" rel="noopener noreferrer nofollow">SHIB</a> fall by around 10%, the new week started with a 2.5% gain, which, while not much for the 13th largest cryptocurrency, has managed to reignite the discussion about how beneficial October usually is for the Shiba Inu token.&nbsp;
With two weeks to go, the question is whether SHIB will be able to surprise the market once again and deliver a 200% performance.

Is Shiba Inu (SHIB) 200% Pump Possible? Price History Says Yes, But There's a Catch

Table of Contents

U_Today

Other articles published on Oct 14, 2024

Central Bank of Brazil invites participants for Drex project

Binance's 60th Launchpool Project: What is Scroll?

Introducing Galaxy: The Groundbreaking Pre-Market Platform for Token Trading

Tokenized gold market on Morpho loses $230K after Oracle misconfiguration mishap

Nvidia’s stock heads for new all-time high

Redefining BCI Hardware with Precision, Power, and Privacy

Join our free newsletter for daily crypto updates!