😱😱😱New Forecast Predicts Shiba Inu Price to Increase by 150%
#ShibaInu is currently trading at $0.000027 on Wednesday and has been in the red for three consecutive days.Dec. March April saw a 280% increase in #SHIB this year, but it is currently losing all of its gains this month. Despite the downward trend, token investments of investors from all over the world are pouring in. In the latest update, SHIB wallets have reached a new milestone with 4 million wallets, making it the most sought-after cryptocurrency on the market.
Can he take Shiba Inu to a new monthly high? A new price forecast indicates that SHIB may regain the ground it has lost in the coming days and move higher on the charts. In this article, we will highlight the latest price estimate of how high SHIB can trade in indices.
Shiba Inu: New Estimates Will Increase the Price of SHIB by 150%
CoinCodex, a leading on-chain metrics and price forecasting firm, painted a rosy picture for Shiba Inu. According to the price forecast, SHIB may rise by another 150% in the coming weeks and reach a new monthly high.
The latest price forecast predicts that Shiba Inu will reach $ 0.00006983 on May 1, 2024. This is an increase of about 150% from its current price of $ 0.000027. Therefore, if the price prediction turns out to be correct, a $10,000 investment can turn into $25,000.
The increase in price may come after the Bitcoin halving event, which is scheduled to take place on April 21, 2024. The Bitcoin halving event will halve the supply of BTC and cause the cryptocurrency to be almost non-existent on the market.
Also Read: Shiba Inu: $ 4,400 Investment Turns into $ 172 Million in April 2024
Since there is a demand for Bitcoin, the limited availability will ensure that BTC rises on the charts in a sustainable way. Moreover, Shiba Inu is moving with BTC and therefore has a chance to recover more in the coming days.
