Shiba (SHIB) made it to the front page of KUTV, a well-known television station based in Utah. The memecoin has made its way onto the “Eye On Your Money” Cristina Flores hosts the show.
Also Read: Shiba Inu: Top Exchanges Record Influx of 6.84 Trillion SHIB in 24 Hours
Flores said that SHIB is making waves on the crypto-market and the project has partnered with K9 Finance in order to innovate. Flores said that Bitcoin’s (BTC) recent all-time record was surpassed by SHIB.
After its recent news appearance, will Shiba Inu rally?
SHIB, despite the appearance of news reports has experienced a major correction. Asset has dropped 10.5% on the daily charts. Memecoin has risen by 138.2% over 14-day charts, and 217.2% in comparison to last month. SHIB is also up 166.5% in price since March 2023.
Also Read: Shiba Inu: Monthly $100 Since 2020 Turns Into $827 Million in 2024
Bitcoin (BTC’s) latest correction may be due to Bitcoin (BTC’s) dropping below the $68k threshold. BTC’s latest correction was likely fueled by investors fears following an increase in inflation in the US in February. The Federal Reserve could also delay interest rate reductions due to high CPI numbers.
CoinCodex, however, predicts that Shiba Inu will soon bounce back. SHIB will delete the zero on April 12 and reach $0.000110. 12, 2024. To reach $0.000110, from the current level would represent a 267% increase.
BTC halving may be a catalyst for further gains in the cryptocurrency markets. The crypto markets may experience another boom if BTC is able to regain its high. If the US economy continues to improve, we may see another surge in the crypto markets. next It may also push SHIB prices up by a further month.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: watcher.guru