Shiba Inu, a prominent meme coin, has been grabbing headlines with its recent price fluctuations. SHIB has positioned itself as a serious contender, engaging in head-to-head competition with the well-known Dogecoin.
SHIB began the year trading below $0.000010 and subsequently experienced a rally of over 450%,. It also reached a yearly peak of $0.000045 in mid-February. Despite this increase, the token remains 73% below its all-time high from 2021. This recent price action suggests renewed interest and positive sentiment surrounding the cryptocurrency.
As of the current trading price of around $0.00002288, following a period of consolidation, SHIB appears to be positioned for its next potential price movement. With the market proving to be extremely volatile, here is our prediction on whether SHIB can delete a zero from its price by the end of April.
Also read: Can Chainlink (LINK) Hit $20 After Bitcoin Halving?
Shiba Inu’s price currently stands at $0.00002288, with a 4.9% surge in value over the last 24 hours. According to Changelly analysts, SHIB is expected to trade at a minimum of $0.00002900 and a maximum of $0.00003310 by the end of April. Experts predict that the average trading price will be $0.00003000.
Shiba Inu is down by 17.2% in the last seven days and 8.7% in the last 30 days. SHIB is up by 107.8% in the last year. During the positive market run of early 2024, SHIB even reached the $0.00004 level.
Also read; Shiba Inu Forecasted To Hit $0.0003: Here’s When
However, the recent market conditions and analysis showcase that SHIB is unlikely to erase a zero from its price.
The market is volatile at the moment and is showing a mix of downtrends and uptrends. However, the price can go in either direction, depending on market sentiment and other factors.
Disclaimer: Our articles are NOT financial advice, we are not financial advisors. All investments are your own decisions. Please conduct your own research and seek advice from a licensed financial advisor.
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