Recent data indicates that Shiba Inu may experience significant gains this month. In March 2024, Shiba Inu participated in a notable rally, reaching a price of around $0.000045. Although it has dipped to $0.000030, it still shows a 115% increase since the beginning of the month.
Looking ahead to April, historical data suggests a potential 13.7% average return for Shiba Inu. However, it is crucial to consider that the median return for SHIB was set at -6.47%. Analyzing Shiba Inu’s performance in April 2021, 2022, and 2023, it showcased an impressive 69.4% surge in 2021, but witnessed decreases of 22% and 6.41% in 2022 and 2023, respectively.
It is important to note that historical performance does not guarantee future price movements, especially considering Shiba Inu’s limited existence and sample size for analysis.
Various factors, including market volatility and socio-economic events, could also influence Shiba Inu’s performance in April. Additionally, many crypto investors anticipate a bullish month for the broader market due to the Bitcoin Halving event scheduled for mid-to-late April. Whether this event will positively impact SHIB’s price remains to be seen.