Shiba Inu Predicted To Rise 350% To $0.00009
The rise of $SHIB in 2024 is particularly commendable, as the asset had a particularly lackluster year in 2023. Furthermore, the asset could be gearing up for another rally later this month .
Shiba Inu (SHIB) had a bright start to the new year despite the market slump this week. While SHIB has faced an 8.1% correction in the weekly chart, the popular dog-themed cryptocurrency is up 3.7% in the daily chart, up 9.4%. in the 14-day chart and over 152% since April 2023.
According to Changelly, SHIB will continue to increase in price throughout April 2024. The platform predicts the asset will surpass its previous all-time high of $0.00008616, reaching $0.00009289 by April 30 4 2024. Reaching $0.00009289 from current levels would result in growth of around 350%.
Changelly is not the only platform expecting SHIB to reclaim its 2021 highs. CoinCodex predicts SHIB will reach $0.00009265 by May 1, 2024.
The positive sentiment surrounding the Shiba Inu (SHIB) may be due to the Bitcoin (BTC) halving later this month. Many analysts consider halvings to be bullish because they reduce the supply of the asset. The BTC halving could trigger a market-wide price rally, leading to many assets reaching new highs. However, there is also a possibility that SHIB prices could consolidate or decline.
The rise of $SHIB in 2024 is particularly commendable, as the asset had a particularly lackluster year in 2023. Furthermore, the asset could be gearing up for another rally later this month .
Shiba Inu (SHIB) had a bright start to the new year despite the market slump this week. While SHIB has faced an 8.1% correction in the weekly chart, the popular dog-themed cryptocurrency is up 3.7% in the daily chart, up 9.4%. in the 14-day chart and over 152% since April 2023.
According to Changelly, SHIB will continue to increase in price throughout April 2024. The platform predicts the asset will surpass its previous all-time high of $0.00008616, reaching $0.00009289 by April 30 4 2024. Reaching $0.00009289 from current levels would result in growth of around 350%.
Changelly is not the only platform expecting SHIB to reclaim its 2021 highs. CoinCodex predicts SHIB will reach $0.00009265 by May 1, 2024.
The positive sentiment surrounding the Shiba Inu (SHIB) may be due to the Bitcoin (BTC) halving later this month. Many analysts consider halvings to be bullish because they reduce the supply of the asset. The BTC halving could trigger a market-wide price rally, leading to many assets reaching new highs. However, there is also a possibility that SHIB prices could consolidate or decline.