Altcoins
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Growth in the cryptocurrency market, which was observed last week, has slowed down somewhat, and investors in the dog meme coin Shiba Inu (SHIB) are pessimistic about the dynamics of the token at the end of November.
According to the latest tally of votes cast by members of the crypto community on CoinMarketCap using the platform’s pricing tool, SHIB is expected to trade at an average price of $0.00001093 on November 30th.
Relative to the current price of $0.00001209, this is a decrease of $0.000001163 or 9.62%.
SHIB price forecast for November 30th. Source: CoinMarketCap
As for the price of the token at the end of the year, in this case, the forecasts are less bearish – on December 31, SHIB expects a price of $0.00001107, which is a decrease of $0.00000102 or 8.46% compared to the current price.
Since the beginning of the year, SHIB has been moving down along with the rest of the crypto market, down 63.36% from its January 1 price of $0.000033.
SHIB price chart since the beginning of the year. Source: CoinMarketCap
Importantly, the current estimates come after SHIB rose more than 10% in 24 hours due to Tesla CEO Elon Musk’s purchase of Twitter. So did the price of Dogecoin (DOGE), whose market capitalization added $2 billion in two days.
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