Bitcoin reached a new price high in March, reaching $73,737. Shiba Inu reached a new high of $0.0004282 in the same time period. Shiba’s price surge coincides with the Bitcoin event of halving.
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Bitcoin’s halving has been a surprise to many. scheduled It is happening next The event will take place on April 20th, 2024. This event will result in a half-cut of BTC’s supply, making it scarce. Bitcoin’s price will increase as a result of this development, since the supply will be limited and demand high. This will cause not just Bitcoin, but Shiba inu and all other major cryptocurrencies to scale up sustainably on the indexes.
Shiba Inu price: what will the SHIB be post Bitcoin halving?
The leading on-chain pricing and metrics firm CoinCodex Shiba Inu has been painted in a positive light. SHIB’s price could increase by 225% after the Bitcoin halves, according to this prediction. Shiba Inu is expected to surpass the previous high level of $0.00009 and reach new levels of $0.00009.
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It’s a return of investment of 226% over its current value of $0.00002783. SHIB is worth $32,600, so a $10,000 investment could yield a return of 226%. next The prediction will be accurate if it is made during the Bitcoin halves. The token could reach $0.0001 if it maintains its momentum.
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The cryptocurrency market can be very volatile, and it is not guaranteed that SHIB will increase 225% within 30 days. Do thorough research on the current cryptocurrency market before you take a position. Trading at your own risk own The Bitcoin half-halving could cause the market to become volatile.
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Source: watcher.guru