Shiba Inu fans are hopeful about the future, despite recent volatility. A recent tweet from SHIB team-member Lucie reignited hope for a possible super cycle of this meme-inspired crypto despite its price drop.
Lucie stated, “Zoom out. We’re still on track for a super cycle as far as I can see. It’s never a straight line to heaven. 2024/2025 will be interesting.”
Please read also: Binance Obtains Regulatory License in Dubai
Changelly Analysts agree with this view, and predict that SHIB will reach $0.0001 by December 2027. This target, while it may appear distant, could catalyze a bullish sentiment in the market, which would accelerate SHIB’s growth trajectory.
SHIB price forecast for April 2024
Experts in crypto have forecast SHIB’s performance for April 2024, based on Shiba Inu’s price fluctuation at the beginning 2023. SHIB is predicted to have an average price around $0.000032, with a price range between $0.0000224 ($0.0000382) and $0.0000224 ($0.0000382).
Please read also: Dogecoin Forecasted To Reclaim $0.2 Level: Here’s When
SHIB, at the time of publication, is currently trading for $0.00002194. This represents a drop of 20% in just seven days as well as a decline by 13.7% in 30 days.
Bitcoin Halving and its Potential Impact
Bitcoin halves, an event that occurs roughly every four years on average, have historically led to a bullish mood in the market.
SHIB is likely to benefit from an increase in investor interest following the Bitcoin half-off scheduled for 2024. SHIB, some speculate, could reach $0.0001, a substantial increase over its current value.
Please read also: Shiba Inu Forecasted To Hit $0.0003: Here’s When
SHIB owners may be excited by the possibility of a super-cycle and the target $0.0001, but it’s important to proceed with caution.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru