Trade
Trading Type
Spot
Trade crypto freely
Pre-Market
Trade new tokens before they are officially listed
Margin
Magnify your profit with leverage
Convert & Block Trading
0 Fees
Trade any size with no fees and no slippage
Alpha
Points
Get promising tokens in streamlined on-chain trading
Leveraged Tokens
Get exposure to leveraged positions simply
Futures
Futures
Hundreds of contracts settled in USDT or BTC
Options
HOT
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Participate in events to win generous rewards
Demo Trading
Use virtual funds to experience risk-free trading
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
NEW
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
NEW
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
NEW
No forced liquidation before maturity, worry-free leveraged gains
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
More
Promotions
Activity Center
Join activities and win big cash prizes and exclusive merch
Referral
20 USDT
Earn 40% commission or up to 500 USDT rewards
Announcements
Announcements of new listings, activities, upgrades, etc
Gate Blog
Crypto industry articles
VIP Services
Huge fee discounts
Proof of Reserves
Gate promises 100% proof of reserves
Shiba Inu (SHIB) Price Prediction: Can it Hit $0.00001 This Week?
Shiba Inu (SHIB), one of the most popular memecoins, has surged by nearly 10% in the weekly charts. Although the token’s price has struggled for most of 2023, it has shown strong growth since October. SHIB struggled to overcome the $0.000008 resistance level, but now it is getting closer to surpassing $0.000009.
Since January 2023, Shiba Inu (SHIB) has grown by about 10%. On the other hand, altcoins such as Solana (SOL) have surged by over 400% in the same time frame. Bitcoin (BTC), the original crypto, has surged nearly 120% since January. Hence, SHIB’s performance has been a little underwhelming so far in 2023.
Can Shiba Inu (SHIB) reach $0.00001 this week?
SHIB is now chasing the $0.00001 price level, last seen in August 2023. Despite having the highly anticipated Shibarium launch earlier this year, the asset’s price did not move much. The lack of price movement after the launch of Shibarium is most likely due to BTC not moving. SHIB’s price began to generate steam only after BTC reached a new yearly high.
According to the machine learning algorithm at PricePredictions, SHIB will not reach $0.00001 anytime soon. The platform predicts SHIB to continue trading in the $0.000008 levels for the rest of November. However, PricePredictions does anticipate the token to reach $0.000009 by early December.
Furthermore, CoinCodex does not anticipate Shiba Inu (SHIB) to reach $0.00001 in November. As per the platform, SHIB may attain a maximum price of $0.000009777 on Nov. 28, 2023.
If BTC continues its winning streak, SHIB may also follow. BTC is currently leading the crypto market, and its rally may lead to SHIB deleting a zero.
#ShibaInuUpdate ShibaInuMystery