12.6 C
Amsterdam
26 May 2024
PumpMoonshot
Image default
Ethereum

Shiba Inu: AI Predicts SHIB Price For April 25, 2024

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.

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.

Related posts

Chainlink Weekly Price Prediction: Can LINK Hit $20?

PumpMoonshot

Ethereum Hits New All-time High

PumpMoonshot

FUND MANAGER EXPLAINS WHY ETHEREUM RIVALS WILL SIGNIFICANTLY OUTPERFORM ETH

PumpMoonshot
Verified by MonsterInsights