Bitcoin halving is expected to happen on April 20, 2024, according to Watcher.Guru’s active tracking. The cryptocurrency community is abuzz with speculation about the potential impact on various cryptocurrencies.
One coin that has captured attention is Shiba Inu (SHIB), the popular meme-inspired cryptocurrency. Many are now wondering if SHIB has the potential to reach the $0.00008 mark in the aftermath of the halving.
Shiba Inu has already demonstrated its ability to generate significant returns, with an all-time high of $0.00008616 reached on October 28, 2021. Although the coin is currently trading 68.7% below this peak, the upcoming Bitcoin Halving has reignited hopes of a potential price surge.
Also read: Ripple (XRP) Forecasted to Hit $1.6: Here’s How
Changelly Experts Predict Shiba Inu Price
Changelly, a prominent cryptocurrency exchange and analytics platform, has weighed in on the potential future price of Shiba Inu. According to their experts’ analysis, SHIB could hit $0.00006317 on April 21, 2024, just one day after the scheduled Bitcoin Halving.
The Changelly experts have based their prediction on a thorough examination of Shiba Inu’s price fluctuations at the beginning of 2023, as well as an assessment of the overall market sentiment and trends. While the predicted price of $0.00006317 falls short of SHIB’s all-time high, it still represents a substantial increase from the coin’s current trading value.
In addition to the specific price prediction for April 21, 2024, crypto experts have also provided a broader range for Shiba Inu’s expected price throughout the month of April 2024. By analyzing the coin’s price fluctuations at the beginning of 2023, these experts have determined an average SHIB rate of $0.0000620 for the month.
Also read: Can BOOK OF MEME (BOME) Hit $0.05 After Bitcoin Halving?
However, the experts also acknowledge the potential for volatility, offering a minimum expected price of $0.0000283 and a maximum of $0.0000956. This range suggests that SHIB may experience significant growth following the bitcoin halving.
Despite the more conservative predictions from Changelly and other crypto experts, some analysts believe that Shiba Inu has the potential to reach, or even surpass, its all-time high of $0.00008616 in the wake of the Bitcoin halving.
