🎉🎉Good news for Shiba Inu user🎉🎉
🔥Historical Data Suggests Shiba Inu Might Record Double-Digit Gains This Month
🔥According to CryptoRank’s data, Shiba Inu could see double-digit gains in April 2024.
March 2024 was a memorable month for crypto investors as they witnessed the prices of their favorite assets embark on remarkable rallies. Interestingly, Shiba Inu participated in the recent rally earlier this month, as its price spiked to around $0.000045 on March 5.
Although Shiba Inu has dipped to $0.000030, it has still been up 115% since the beginning of this month.
Shiba Inu Historical Performance Hints at 13.7% Gain for SHIB Next Month
As March comes to a close, Shiba Inu investors are curious to know what lies ahead for SHIB in April. Historical data from the popular crypto analytic platform CryptoRank suggests that the month of April offers a mixed fortune for Shiba Inu investors.
Notably, Shiba Inu had a remarkable performance in April 2021, when SHIB soared by a whopping 69.4%. However, Shiba Inu could not replicate a similar feat in April 2022 and April 2023, as it plunged by 22% and 6.41%, respectively.
It is imperative to note that the historical performance of an asset does not guarantee its future price movement. Moreover, Shiba Inu has only existed for a short period, leaving the canine-themed token with a limited sample size for such analysis.
Potential Factors That Could Influence SHIB Price
Factors like market volatility and socio-economic events could also play a major role in determining Shiba Inu’s performance in April.
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