How much will the price of Shiba Inu (SHIB) increase on Christmas Day?

The Shiba Inu (SHIB) ecosystem has been trying to return to the desired top 10. But it seems to be becoming more difficult than expected. Meanwhile, the meme coin wants to reach $20 billion. Currently, the market value of SHIB is $17.48 billion. While the world is preparing for the holidays, the Shiba Inu community hopes to witness a sharp increase in the value of the meme coin. The latest event of Shiba Inu In the past 24 hours, Shiba Inu has astonishingly decreased by 8%. At the time of reporting, the meme coin was priced at $0.00002979. During this time, the asset has dropped from its highest trading level of $0.00003229 to its lowest level of $0.00002961. Although this is a significant drop, the community has praised the asset's increase. Currently, SHIB is trading over 66% lower than its peak of $0.00008845.

Over the weekend, an analyst revealed that Shiba Inu could see an increase. In a post on X, a cryptocurrency expert named Bluntz stated that SHIB is ready to report multiple price hikes. The analyst has put on a chart indicating short-term price targets of $0.00006 and $0.00009, corresponding to increases of over 94% and 191% respectively. But the real question is whether this meme coin can reach a notable peak by Christmas this year or not. Will this Christmas be joyful?

According to data from CoinCodex, the Shiba Inu market is expected to see an upward trend in the coming days. This asset could rise to a high of 0.00005312 dollars. However, this upward momentum could be cut short on Christmas Day. The company revealed that the meme coin will trade at a low of 0.00002937 dollars on December 25. This is definitely a small setback, but this asset will recover in the coming days.