Shiba Inu, or SHIB for short, is one the most widely used cryptocurrencies on the market. The asset, however, is experiencing a major price correction. SHIB fell 21% during the last seven days. Charts for 14 days show a drop of 18.6%. The previous month saw a decline of 9.6%.
Also Read: Shiba Inu: SHIB May Rise 28600% To $0.006 Post Bitcoin Halving
Bitcoin (BTC), which has fallen below $62,000, is probably the reason for SHIB’s recent dip. This latest correction in price is due to the escalating geopolitical conflicts around the world, especially after Iran attacked Israel. Market crash fears may cause investors to exercise caution.
AI forecasts Shiba inu (SHIB’s) price on April 25, 2024
CoinCodex believes that SHIB can be a game changer for the cryptocurrency market. next The platform anticipates SHIB to hit $0.00003160 on Apr. Platform predicts SHIB will hit $0.00003160 by April. 25, 2024. To reach $0.00003160, compared to current levels, would represent a 44.62% growth.
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CoinCodex also predicts that Shiba (SHIB), will continue to be on a bullish path until at least the middle of May. On May 17, 20,24, the platform predicts that dog-themed crypto will reach $0.00007668. SHIB’s price could reach a new high if it can be held at $0.00007. SHIB has fallen by 74.5% since its October 2021 all-time price high of $0.0008616.
Changelly presents a positive picture for SHIB. Platform expects that the crypto with a dog theme will reach $0.00003310 by April. 25, 2024. Changelly forecasts SHIB reaching $0.00007558 in May 2024.
Also Read: Shiba Inu: $1000 Weekly Since 2020 Becomes $626 Million in 2024
Shiba Inu forecasts are similar for both platforms. BTC is also going to undergo its next Very soon, the cycle will be halved. This event may trigger a rally across the market, pushing SHIB’s price higher.
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Source: watcher.guru