The Shiba Inu (SHIB) market has experienced an increase in volatility over the past few weeks. The assets started the week with a rather strong note, but were seen sinking to a massive low and low. The community had assumed that Shiv would leave a bearish blue blue in March itself, but it turns out that April was even more bloody. As investors try to settle, the asset is set to record a notable spike this month’s upcoming day.
Is Shiba Inu on his recovery?
Several new assets are entering the market in the cryptocurrency market. This did not stop meme coins like Dogecoin (Doge) or Shiba Inu. The asset has recorded an increase of 898,276.09% since its launch in 2020. This includes Shiv, which rose to an all-time high of 0.00008845 in October 2021. At present, assets are 86% below this peak. Nevertheless, the emotions around the meme coin are surprisingly positive.
At the time of writing, Meme Coin was trading for $0.00001199. This occurs after an increase of 0.04% over the last 24 hours. The 24-hour low stand for assets is $0.00001144. Shiba Inu’s highest score of the day was $0.00001211.
Price forecast for April 20th
According to Concodex data, all Shiba Inu are set to record a significant increase in the coming days. The days until April 20th are very bullish. For example, in mid-April, memecoin is expected to surge 52%, reaching a high of $0.00001839. The company also predicted on April 20 that Shib could potentially set a price at $0.00001594 after enduring a slight decline from before. Nonetheless, the potential return on investment remains at 32%.
