Shiba Inu, a prominent meme coin, has garnered attention with its recent price movements. SHIB has positioned itself as a strong contender, entering direct competition with the popular Dogecoin.
SHIB started the year trading under $0.000010 and has since enjoyed a bull run of over 450%. It also reached a yearly high of $0.000045 in mid-February. Despite these gains, the token still sits 73% below its all-time high set in 2021. This recent price action indicates renewed interest and positive sentiment surrounding the cryptocurrency.
Currently trading around $0.00002288, after a period of consolidation, SHIB appears poised for its next potential price move. With extreme volatility in the market, here is our prediction on whether SHIB can shed a zero by the end of April.
Shiba Inu Price Prediction for End of April
Shiba Inu’s price currently stands at $0.00002288, with a 4.9% increase in value over the last 24 hours. According to analysts at Changelly, SHIB is projected to trade between a minimum of $0.00002900 and a maximum of $0.00003310 by the end of April. The experts predict the average trading price to be around $0.00003000.
Shiba Inu is down 17.2% over the past seven days and 8.7% over the last 30 days. SHIB has gained 107.8% over the past year. During the positive market spell in early 2024, SHIB even touched $0.00004.
However, recent market conditions and analysis suggest that it is unlikely that SHIB will be able to shed the zero from its price point.
The current market is volatile and exhibiting a mix of bearish and bullish sentiments. The price, however, could swing either way, depending on market sentiment and other factors.
