This is when the Shiba Inu is predicted to soon reach an all-time high
HOT: Bitcoin (BTC)'s recent climb to a new all-time high has changed investor sentiment about the cryptocurrency market. Despite the recent correction, many analysts predict another market recovery will soon take place, fueled by the BTC halving event in April.
Many people consider halving events to be bullish because they reduce the supply of the asset. Shiba Inu (SHIB) is one such asset, predicted to reach a new all-time high following the BTC halving event.
SHIB is currently down 67.5% from the all-time high of $0.00008616 it reached in October 2021. However, this could change soon. According to Changelly , SHIB could rise to $0.00008787 by April 19, 2024. Reaching $0.00008787 from current levels would result in growth of over 213%.
CoinCodex also predicts Shiba Inu (SHIB) will reach new highs soon. The platform predicts SHIB to reach 0.00008743 USD by April 21, 2024. Reaching 0.00008743 from current levels would result in a growth of about 212%.
How high can Shiba Inu (SHIB) go in this bull run?
According to CoinCodex, SHIB could rise to 0.00009438 USD by April 22, 2024.
Reaching $0.00009438 from current levels would result in growth of over 236%. It's possible that SHIB could continue to rally after hitting $0.00009, but it's too early to tell.
Changelly also predicts SHIB will surpass $0.00009 in April, reaching $0.00009486 by April 20, 2024. Reaching $0.00009486 from current levels would result in growth of about 238%.
Furthermore, the SHIB group may launch a new burning mechanism later this year, which is rumored to burn trillions of tokens per year. If the group implements the new burn mechanism in 2024, we could see a spike in SHIB prices.
