🇺🇲🔥Shiba Inu (SHIB) Mentioned on TV by USA's Top Network
#ShibaInu (#SHIB ) has just made a news report on KUTV, a popular television channel located in Utah, United States. Memecoin took part in the program "Eye On Your Money" hosted by Cristina Flores.
Flores noted that SHIB has made a voice in the crypto Sunday and that the project has partnered with K9 Finance to bring more innovation. Flores noted that Bitcoin (BTC) recently reached an all-time high, and SHIB is also moving along this path.
Will Shiba Inu (SHIB) recover after the news comes out?
Despite the news, SHIB has been facing a significant correction since yesterday. The asset fell by 10.5% on the daily charts and by 10.4% on the weekly charts. However, the popular memecoin still showed an increase of 138.2% on the 14-day charts and 217.6% compared to the previous month. Moreover, the price of SHIB has increased by 166.5% since March 2023.
SHIB's recent correction is probably due to the fact that Bitcoin (BTC) has fallen below the $ 68 thousand level. BTC's correction is probably due to investors' fears after the US inflation figures increased in February. In addition, the Federal Reserve may postpone an interest rate cut due to high CPI (Consumer Price Index) figures.
CoinCodex, however, predicts that the Shiba Inu (SHIB) will recover soon. The platform expects the SHIB to erase zero on April 12, 2024 and reach $ 0.000110. Reaching $0.000110 from current levels will translate into growth of over 267%.
The asset may continue to recover in April due to the impact of the halving of BTC event. If BTC regains its all-time high, we may witness a new rise in the crypto markets. Moreover, if the US economy improves next month, this may push the price of SHIB even higher.
