The Shiba Inu (SHIB) market has been experiencing increased volatility over the past couple of weeks. While the asset started off the week on a rather strong note, it was seen sinking to a massive low. While the community assumed that SHIB would leave behind the bearish blues in March itself, April was turning out to be more bloody. As investors try to remain calm, the asset is set to record a notable spike in the coming days of the month.
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Is Shiba Inu Moving Towards Recovery?
The cryptocurrency market has seen several new assets enter the market. This did not stop meme coins like Dogecoin (DOGE) and Shiba Inu from remaining strong. The asset has recorded an 898276.09% uptick since its launch in 2020. This includes SHIB rising to its all-time high of $0.00008845 in October 2021. Currently, the asset is 86% below this peak. Despite this, the sentiment around the meme coin is surprisingly positive.
At the time of writing, the meme coin was trading at $0.00001199. This comes after a 0.04% increase during the past 24 hours. The asset’s 24-hour low stands at $0.00001144. Shiba Inu’s highest point of the day was $0.00001211.
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April 20 Price Prediction
According to data from CoinCodex, Shiba Inu is all set to record a notable increase during the coming days. The days leading up to April 20 are extremely bullish. For instance, during mid-April, the meme coin is expected to surge by 52%, reaching a high of $ 0.00001839. The firm further predicted that on April 20, SHIB might be priced at $ 0.00001594 after enduring a slight drop from its earlier days. Despite this, the potential return on investment remains at a positive 32%.
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