Shiba Inu (SHIB) delete another zero?
Shiba Inu (SHIB) has had an impressive run over the past few weeks, up 19.2% on the weekly chart, 239.1% on the 14-day chart and 247.5% month over month.
Despite the recent correction, SHIB's performance has helped the asset gain a few spots in the rankings. SHIB is currently the 11th largest cryptocurrency by market capitalization, just behind rival Dogecoin (DOGE), which has climbed to 10th place.
According to CoinCodex, SHIB could see another price increase later this month. Furthermore, the platform predicts SHIB to clear another zero and rise to $0.000113 by April 7, 2024. Reaching $0.000113 from current levels would result in a growth of about 251%.
Changelly also predicts Shiba Inu (SHIB) will recover from mid-March onwards. The platform predicts SHIB will reach $0.000097 by the end of March, an increase of about 195.7% from current levels. Furthermore, Changelly predicts SHIB will reach 0.000118 USD by April 7, 2024.
SHIB's potential April rally could be due to the upcoming Bitcoin (BTC) halving event. Furthermore, the SHIB group said it has raised funds to burn 4.5 billion tokens, which could further support the protest. However, it should be noted that SHIB burning rarely leads to price increases due to the large circulating supply.
However, the Shiba Inu (SHIB) group is said to be working on a new burning mechanism, which is rumored to be able to burn trillions of tokens per year. However.
