Experiencing a remarkable surge of approximately 150% in value throughout March, Shiba Inu (SHIB) has undoubtedly seized the spotlight on the global investment stage. This surge marks one of SHIB’s most successful months in recent memory.
Read CRYPTONEWSLAND onPresently, SHIB is trading at over $0.00003 per token, reaching heights not seen since February 2022, signaling a promising trajectory for its future performance. However, as the cryptocurrency community anticipates the arrival of April, uncertainty looms regarding what lies ahead for Shiba Inu.
Analyzing historical data from CryptoRank reveals a mixed bag of outcomes for SHIB in April. While the average return for the month stands at an enticing 13.7%, the median value portrays a more subdued figure at 6.41%. Nonetheless, there are glimmers of hope when recalling Shiba Inu’s impressive rally in April 2021, where it surged by a remarkable 69.4%. Yet, caution is warranted, given that the past two Aprils witnessed SHIB’s price experiencing declines ranging from 6.4% to 22%.
CoinCodex’s current Shiba Inu price prediction forecasts a substantial rise in SHIB’s value, projecting a 226.19% increase to reach $0.000104 by April 27, 2024. Technical indicators currently suggest a bullish sentiment, while the Fear & Greed Index indicates extreme greed at 80. Over the last 30 days, Shiba Inu has recorded 17 green days out of 30, with a notable price volatility of 25.69%.
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