Advertisement
AD

Main navigation

Shiba Inu Price History Hints at Double-Digit Gains in April

Advertisement
Thu, 28/03/2024 - 15:03
Shiba Inu Price History Hints at Double-Digit Gains in April
Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Shiba Inu enthusiasts: brace yourselves as the curtain falls on March, leaving behind a trail of remarkable gains for the beloved meme-inspired cryptocurrency. With an impressive surge of around 150% in its price this month, Shiba Inu (SHIB) has undoubtedly captured the attention of investors worldwide. This surge marks one of the most successful months for SHIB in recent years.

Advertisement

Related

Notably, SHIB's current price hovers above $0.00003 per token, a pinnacle not witnessed since February 2022, painting a promising picture for its future trajectory. However, as the cryptocurrency world braces for the onset of April, questions linger about what lies ahead for Shiba Inu.

""
SHIB to USD by CoinMarketCap

Delving into historical data provided by CryptoRank, anticipation brews as April historically showcases a mix of fortunes for SHIB. While the average return for April stands at an enticing 13.7%, the median value remains somewhat subdued at -6.41%.

""
SHIB Monthly Returns by CryptoRank

Despite this, glimpses of optimism emerge as we recall Shiba Inu's impressive rally in April 2021, where it soared by an astonishing 69.4%. Yet caution must be exercised, as the past two Aprils witnessed SHIB's price tumbling by margins ranging from 6.4% to 22%.

Related

However, it is crucial to acknowledge the limitations of relying solely on historical data. With SHIB's relatively short existence in the crypto realm, the sample size for analysis remains small, rendering predictions uncertain. Moreover, the crypto market's notorious volatility adds another layer of complexity, with unforeseen events capable of disrupting even the most meticulously crafted forecasts.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD