SHIB News: Is Shiba Inu Heading for Another April Slump?

Cryptocurrency traders and investors are closely watching the movements of Shiba Inu (SHIB) as the coin approaches the month of April, a period that has historically brought significant losses. Here’s a closer look at the trends and potential risks associated with SHIB in the coming weeks.

Is Shiba Inu (SHIB) Headed for Another April Crash?

Almost every year, April brings a predictable twist to Shiba Inu (SHIB). March ends with Optimism and gains, but April arrives with a shift in the coin’s attitude. The good feelings from March are replaced by a usual slump that traders dread. While April has a long-term average return of 3.54%, its median return is -14.2%. For the past three years, SHIB has suffered significant losses in April, with even the best April seeing a 6.41% drop.

Shiba Inu (SHIB) Shows Early-Stage Bull Pattern, Points to Potential Surge

Shiba Inu (SHIB) has rebounded from a multi-month low of $0.00001090 earlier this month to $0.000014, marking a 32% increase. The recent surge in SHIB’s price coincides with a skyrocketing burn rate, with one user burning 1 billion SHIB on Thursday, resulting in a 34,655% increase in the burn rate. Token burns help make SHIB a deflationary asset, with over 410 trillion tokens burned to date. SHIB’s recovery also happened alongside a modest rally in Bitcoin (BTC) and other altcoins, with Bitcoin rising from $76,000 in March to $87,000.

Shiba Inu Poised For 12X Surge Soon? Analysts Weigh In.

Shiba Inu price has recently witnessed a significant 20% surge over the past week, with analysts predicting a potential 12x increase that could raise its price to $0.0001833. The cryptocurrency, the second largest meme coin by market capitalization, has continued to rally even during bearish market trends. In the last few days, there has been an upside breakout in the price of SHIB, which may extend further. SHIB’s notable gains have elevated its status among performing assets, making investors more positive about their investments.

Shiba Inu Price Prediction: Ethereum TVL Drops Leading to SHIB Decline

The crypto market is shifting rapidly, and the latest shiba inu price prediction has investors’ attention. Ethereum’s total value locked (TVL) has recently taken a major hit, triggering turbulence across the DeFi space. Shiba Inu, a major meme coin, has seen significant moves as investors price in Ethereum’s struggles. The altcoin market remains turbulent, with Shiba Inu ($SHIB) currently down 51% year to date at $0.0000147. However, a recent breakout from a descending channel could lead to potential gains.