AI Forecast for Shiba Inu (SHIB) Price on April 5, 2024:

CoinCodex suggests that SHIB might reach $0.00003159 by April 5, 2024,

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marking a potential growth of approximately 16.4% from its current value. Additionally, CoinCodex predicts SHIB's price could continue its upward trend throughout April, hitting a record high of $0.00009452 by April 30, 2024.

On the other hand, Changelly offers a more optimistic forecast for Shiba Inu (SHIB). They project SHIB to reach $0.00003976 on April 5, 2024, which would be a growth of about 46.5% from the current price. Changelly also expects SHIB to break its previous all-time high this month, aiming for $0.000100 by April 30, 2024, which represents a staggering growth of around 268.4%.

The positive outlook for SHIB could be influenced by Bitcoin's upcoming halving event. Analysts often view halving events as bullish for cryptocurrencies since they reduce the asset's supply. Given Bitcoin's dominant position in the market, a rally in BTC could potentially benefit other cryptocurrencies like SHIB