Shiba Inu: AI Predicts SHIB Price For April 25, 2024
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Shiba Inu: AI Predicts SHIB Price For April 25, 2024
Paigambar Mohan Raj
Paigambar Mohan Raj
April 20, 2024
Source: Protocol
Shiba Inu (SHIB) is one of the most popular cryptocurrencies in the market. However, the asset is undergoing a significant price correction. SHIB is down 21% over the last week, 18.6% in the 14-day charts, and 9.6% over the previous month.
Source: CoinGecko
Also Read: Shiba Inu: SHIB May Rise 28600% To $0.006 Post Bitcoin Halving
SHIB’s latest dip is likely due to Bitcoin (BTC) falling below $62,000. The latest price correction is attributed to escalating global geopolitical tensions with Iran’s recent attack on Israel. Investors may be exercising caution, perhaps expecting a market crash due to escalating conflicts.
'#Bitcoin mining's for the small guy' — or is it? #firstmover #crypto...
AI predicts Shiba Inu’s (SHIB) price for April 25, 2024
shiba inu shib street lights
Source: Instagram / PrithivChandar
According to CoinCodex, SHIB could turn the tide over the next couple of weeks. The platform anticipates SHIB to hit $0.00003160 on Apr. 25, 2024. Reaching $0.00003160 from current levels would translate to a growth of about 44.62%.
Also Read: Shiba Inu Teams Up with CDSA to Tackle AI Challenges in Entertainment
Source: CoinCodex
Furthermore, CoinCodex anticipates Shiba Inu (SHIB) to continue on a bullish trajectory till at least mid-May. The platform expects the dog-themed crypto to hit $0.00007668 on May 17, 2024. If SHIB can hold the price at $0.00007, we may witness a new all-time high. SHIB is currently down by 74.5% from its all-time high of $0.00008616, which it attained in October 2021.
Changelly also paints a bullish picture for SHIB. The platform expects the dog-themed crypto to hit $0.00003310 on Apr. 25, 2024. Furthermore, Changelly predicts SHIB to reach $0.00007558 on May 16, 2024.
Also Read: Shiba Inu: $1000 Weekly Since 2020 Becomes $626 Million in 2024
Both platforms have similar forecasts for Shiba Inu (SHIB). Furthermore, BTC will undergo its next halving cycle very soon. The event could trigger a market-wide rally, further pushing SHIB’s price.
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Disclaimer: Our articles are NOT financial advice, we are not financial advisors. All investments are your own decisions. Please conduct your own research and seek advice from a licensed financial advisor.
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