Shiba Inu (SHIB) is a popular meme-inspired cryptocurrency with a price history in October that has attracted the attention of both investors and analysts. While SHIB has shown significant gains in the past, will it be able to repeat its success this year?

Shiba Inu Price History

Historically, Shiba Inu has shown significant growth in October. According to CryptoRank, the historical return on investment for SHIB in October is 213.2%. However, most of this result is due to an 833.6% increase in October 2021. In 2022 and 2023, the gains were only 10.4% and 6.04%, respectively. Thus, despite the overall positive trend in October months, the figures are not always as significant as desired.

Current Trends for SHIB

This year, Shiba Inu trades at over $0.000018 per SHIB. Despite a 10% drop over the last two weeks, recent days have brought a 2.5% increase. This has reignited the question of what October holds for SHIB and whether it can achieve the impressive results seen three years ago.

Prospects for the Rest of October

With two weeks remaining, analysts and investors wonder if SHIB will surprise the market and deliver a 200% gain. Although current performance is modest, discussions about SHIB's potential this month continue as the cryptocurrency remains popular in its sector.

Shiba Inu faces the challenge of convincing the market of its potential to repeat past successes. Despite modest gains, SHIB remains under watchful eyes, and the question of a possible 200% increase in October remains relevant.