Shiba Inu price prediction after Bitcoin Halving
Bitcoin skyrocketed in price, hitting a new high of $73,737 in mid-March. The extraordinary spike also caused the Shiba Inu to reach a new yearly high of $0.00004282 during the same period. Shiba Inu's sudden price increase comes right after the Bitcoin halving event.
What will SHIB price be after Bitcoin Halving?
Leading on-chain price prediction and metrics company CoinCodex paints a rosy picture for the Shiba Inu. According to price predictions, SHIB could increase by 225% after the Bitcoin halving. The forecast highlights that the Shiba Inu could breach the all-time high of $0.00008616 and reach a new ATH of $0.00009.
That's an increase and return on investment (ROI) of about 226% from the current price of $0.00002783. Therefore, a $10,000 investment in SHIB could turn into $32,600 next month during the Bitcoin halving if the prediction turns out to be correct. If the token keeps its momentum, it could also clear the fourth zero and touch the $0.0001 mark.
However, the cryptocurrency market is very volatile and there is no guarantee that SHIB can skyrocket 225% in 30 days. For now, you should do thorough research before entering the cryptocurrency market. Trade at your own risk as the Bitcoin halving event can cause market volatility.
