While much of the cryptocurrency market is going through a bullish period, with many of its assets trading near all-time highs (ATHs), Shiba Inu (SHIB) is also showing its strength, and machine learning and artificial intelligence (AI) algorithms predict further advancements in the near future.
SHIB has managed to increase its price by nearly 180% since the beginning of the year. Most of this increase occurred in the last month. During this time, he made an impressive 35% progress. However, recent price action is showing signs of slowing down.
Shiba Inu Price Prediction
In terms of future performance, Shiba Inu on April 1 crypto- It could continue to post modest growth, potentially reaching $0.00003 by April 30, 2024, according to advanced algorithms used by analysis and prediction platform Price Predictions.
SHIB Price Analysis
For now, meme coin It is trading at a price of $0.00002902 and has recorded a decline of 4.19% on the day. But it still advanced 3.98% over the past week, added 34.95% to its monthly chart, and raced 181.06% this year according to the latest data.
Meanwhile, the above price changes and positive predictions are happening against the backdrop of increased activity on the SHIB network, particularly in terms of burning excess tokens, which increased by over 2,330% in March, according to April 1 data from SHIB burning tracker Shibburn.
At the same time, Bitcoin(BTC) early adopter Davinci Jeremie recently advised his followers to include Shiba Inu in their portfolio considering the burning mechanism witnessed above and the development of the Shibarium blockchain that he did It is also important to point out.
shiba buy?
— milad (@milad70022602) March 31, 2024
All things considered, the above price prediction may be accurate. In this context, the famous token can really only make modest progress. However, trends in this area can sometimes change on a whim. Therefore, it is very important to do one’s own research and stay up to date on important Shiba Inu news before investing.
You can access current market movements here.
