Shiba Inu Price Rebound: Will SHIB Report Huge Gains After Bitcoin Halving?
The Bitcoin halving event has been called one of the most dramatic developments in the history of cryptocurrencies. The event is designed to decentralize user motivation, offering modest profits to other tokens by forcing users to explore other crypto tokens. While the space may experience initial price volatility, the token is expected to subsequently gain considerable market strength and usher in a sustained bull season. Leading meme cryptocurrency Shiba Inu is also looking to ride on the upcoming Bitcoin halving wave.
Shiba Inu has been at the center of speculation and huge pressure. The token has performed extremely well and subsequently posted stunning gains. Bitcoin halving could further boost SHIB’s prospects, helping the token regain some of its lost grace. At press time, SHIB is trading at $0.00002181, down 7% over the past 24 hours. Will this number change after Bitcoin halving? Let’s find out.
Miracle before halving: Shibarium's active user count surges
Coinpedia further revealed that SHIB's trading volume surged, with new transactions on the platform increasing from 419,517 to 958,438, surging nearly 128% in the past 24 hours.
Shiba Inu Jinqun+Wei♥: 2327321427 April Performance Prediction
Bitcoin halving is scheduled for April 21, 2024. After the halving event, Shiba Inu may experience initial price fluctuations before gaining momentum and pace again.
"According to Shiba Inu's prediction, SHIB will change hands at $0.00003248 on April 23, 2024, rising 49.08% in the process."
Similarly, SHIB may trade within the normal price threshold of $0.00002179 to $0.00007202 before rising to a new price threshold in May. CoinCodex predicts SHIB to surge 230% by May 2024.
“Shiba Inu’s price could rise by 230.51% to $0.00007202 by May 16, 2024. Current sentiment is bearish according to our technical indicators, while the Fear & Greed Index shows 65 (Greed). Shiba Inu has recorded 14/30 (47%) green days, with a price volatility of 7.97% over the past 30 days. ”
