Shiba Inu: Can SHIB Reach $0.00003 By Good Friday?
Shiba Inu (SHIB) has witnessed a big correction over the previous few weeks, falling 2.3% within the weekly charts and 12.3% within the 14-day charts. Nevertheless, the favored dog-themed cryptocurrency has rallied by 196.4% over the earlier and 161.4% since March 2023.
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SHIB’s newest correction might be as a result of Bitcoin (BTC) falling under $62k final week, fuelled by fears of the Federal Reserve suspending fee cuts and low inflows into spot BTC ETFs (Alternate Traded Funds).
Can Shiba Inu (SHIB) hit $0.00003 by Good Friday?
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![shiba inu space eclipse moon](https://watcher.guru/news/wp-content/uploads/2024/03/shiba-inu-shib-eclipse-space-moon-1024x683.jpg)
Based on CoinCodex, Shiba Inu’s (SHIB) value will rally over the subsequent few weeks. The platform predicts SHIB to hit $0.00003357 on Good Friday, Mar. 29, 2024. Hitting $0.00003357 from present ranges would translate to a development of about 20.02%. Furthermore, CoinCodex anticipates SHIB to proceed its bullish trajectory all through April, hitting $0.00007589 on Apr. 16, 2024, an increase of over 171% from present ranges. Moreover, the platform predicts SHIB to hit a brand new all-time excessive in Might of this 12 months.
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Changelly additionally anticipates a bullish outlook from Shiba Inu (SHIB) over the subsequent few weeks. The platform predicts SHIB to hit $0.00003887 on Good Friday. Furthermore, Changelly forecasts the favored crypto to hit a brand new all-time excessive in April, hitting $0.00008787 on Apr. 19, 2024. Reaching $0.00008787 from present ranges would translate to a development of over 214%.
SHIB’s predicted April rally might be as a result of Bitcoin’s (BTC) halving subsequent month. The occasion could set off one other rally for the crypto market, sending many belongings to new highs. Moreover, the SHIB crew is engaged on a brand new burn mechanism, rumored to burn trillions of tokens yearly. The brand new mechanism might additional push SHIB’s value to new highs.