The Shiba Inu price has experienced a 3% increase, reaching $0.00002909. The overall crypto market has seen a 4.5% rise in the past 24 hours. While SHIB has increased by 1.5% in a week and 4.5% in a fortnight, it is down by 15% in the last 30 days. Despite this decline, the trading volume for SHIB has doubled from $350 million to $700 million in a few days, indicating a potential rally. With the market eagerly anticipating the next Bitcoin halving, SHIB could see significant gains in the near future.
Current indicators suggest that now may be a good time to buy SHIB as it appears to be on the cusp of a rally. The coin’s 30-day moving average surpassed its 200-day one, forming a golden cross often signaling a breakout rally. The relative strength index is also rising towards 70, indicating positive momentum. With increasing trading volume and whales accumulating SHIB, a healthy spike in the coin’s value is expected soon. The impending Bitcoin halving on April 20 is also contributing to positive market sentiment and confidence boosting altcoins like SHiba Inu.
Shiba Inu stands out among meme coins due to its strong fundamentals, including its own ecosystem of apps and platforms. Features like the ShibaSwap DEX and the Shibarium layer-two network have contributed to the coin’s increased burn rate and ongoing popularity. These factors, combined with a steady rise in price, are expected to push the Shiba Inu price to $0.00040 in the coming weeks, with a potential rise to $0.00010 by the second half of the year. Despite recent disappointments, the coin’s unique ecosystem positions it well for further growth.
As Shiba Inu has slightly underperformed in recent months, some traders may be looking towards newer, smaller cap meme tokens for potential gains. Slothana (SLOTH), a Solana-based meme token, has seen success in its presale, raising over $10 million. With the same team behind the successful Smog (SMOG) token, Slothana is expected to perform well once it lists on trading platforms. Investors can still participate in the presale by visiting the Slothana website and connecting a compatible wallet. At a price of 1 SOL for 10,000 SLOTH, the coin offers potential for significant returns once trading begins.
With a year that has seen SOL-based meme tokens like DogWifHat outperform the market, Slothana has the potential to surge once it lists on trading platforms. The coin’s popularity is evident from its growing social media following, and investors are eager to see how it performs once trading begins. As with any investment in the crypto market, it’s important to remember the high-risk nature of these assets. This article provides information and does not constitute investment advice, and investors should be prepared for potential losses.
