SHIB is set to delete a zero from its price this year as key trend emerges Shibainu $SHIB ShibArmy SHIBCommunity
is yet to delete a zero from its price this year owing to the bearish crypto market conditions prevalent since the start of 2022. Two years back, in September 2020, Shiba Inu set out with 10 zeroes in its price, as it touched all-time lows of $0.000000000082.
After erasing six zeroes since then, Shiba Inu is currently left with four zeroes in its price. At the time of publication, SHIB was changing hands at $0.0000131, marginally up in the last 24 hours. Shiba Inu reached an all-time high of $0.000088 in October 2021, setting off the last display of fireworks for the 2021 bull market. Observing theof the run-ups in 2021, there is a similar structure seen in between. Looking at both times, SHIB had a run-up in the past year — in May 2021 when SHIB rose to highs of $0.0000399 and in October 2021 when the meme cryptocurrency tagged all-time highs of $0.000088.
Thus, it makes more sense to keep an eye out for a macro bottom given how closely tied macro conditions are to the crypto market's price action.
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