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Shiba Inu: SHIB Price Prediction During Bitcoin Halving
The leading cryptocurrency Shiba Inu is currently trading at $0.00002754, down nearly 1% on the day. The cryptocurrency gained nearly 280% in March, bringing in impressive profits and entering the market at the beginning of the year. SHIB brought triple-digit profits to investors in a month, outperforming Bitcoin, Ethereum, and Dogecoin. Now that the most anticipated Bitcoin halving event is getting closer, Shiba Inu prices are expected to surge further.
In this article, we will focus on how high Shiba Inu will trade in the charts during the Bitcoin halving event. The event is scheduled to take place on April 21, 2024, and is the most exciting development in the cryptocurrency market this year. For the uninitiated, the Bitcoin halving event cuts the supply of Bitcoin in half, making this cryptocurrency almost impossible to find in the market.
Since Bitcoin has a high demand and a low supply, the price of Bitcoin is expected to rise in the charts. On the other hand, Shiba Inu moves in sync with BTC, so its price is also expected to rise