Shiba Inu (SHIB) Price Prediction After Bitcoin Halving
Bitcoin skyrocketed in price touching a new high of $73,737 during mid-March this month. The phenomenal spike also led Shiba Inu to hit a new yearly high of $0.00004282 at the same period. The sudden spurt in price for Shiba Inu comes on the heels of the Bitcoin halving event.
For the uninitiated, the Bitcoin halving event is scheduled to take place next month on April 20, 2024. The event will make the supply of BTC cut into half making the cryptocurrency scarcely available. The development will make Bitcoin further shoot up in price as the demand will be high with limited supply. The move will make not only Bitcoin but also Shiba Inu and other leading cryptocurrencies sustainably scale up in the indices.
