Shiba

Bitcoin

April

Epic

Shiba Inu

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Shiba Inu printed more than two-year growth in only the past quarter, a bullish trend born out of the eclectic surge of Bitcoin (BTC) to a&nbsp;<a href="https://u.today/bitcoin-btc-prints-new-price-ath-what-are-key-reasons" rel="noopener noreferrer nofollow">new all-time high</a> (ATH). Despite historic traction, the month of April and this second quarter, in general, hold a different, almost-bearish prospect, overall.&nbsp;<a href="https://cryptorank.io/price/shiba-inu/analytics" rel="noopener noreferrer nofollow">Data</a> from Cryptorank shows April comes with negative trends despite average gains for the month coming in at 8.93%.
The Shiba Inu April trend comes with a massive 69.4% surge in 2021. April 2022 reversed the trend as the price slipped 22% overall. April 2023 also saw the SHIB price plunge by 6.41%, a trend that has started thus far with a current slump of 5.53% to $0.0000293. <img data-entity-type="file" data-entity-uuid="6622a28e-9cca-4575-888c-e4b784d299bb" src="https://u.today/sites/default/files/inline-images/SHIB%20APRIL.jpg">Source: <a href="https://cryptorank.io/price/shiba-inu/analytics" rel="noopener noreferrer nofollow">Cryptorank</a>
When zoomed out to view the performance of Shiba Inu on a quarterly basis, it becomes obvious that the second quarter (Q2) is the least performing for the digital currency overall. The second quarter of 2021 saw SHIB close at a massive 628.9%, growth that has proven to be a one-off event.
Q2 of 2022 and 2023 saw reverse growth as the meme coin plunged 60.2% and 30.2%, respectively, per data from Cryptorank.
<h2 id="shib-bulls-and-bears-to-hash-it-out">SHIB bulls and bears to hash it out</h2>
Despite historical trends, many indicators point to a potential difference in this new quarter. Shiba Inu as an ecosystem has evolved, with numerous growth catalysts that can rebalance the bull-bear fight.
One of these catalysts is the burn rate, a trend that has remained consistent in helping to crunch the supply of the digital currency. Per the earlier&nbsp;<a href="https://u.today/shib-burns-jump-2330-with-156-billion-coins-scorched-in-march" rel="noopener noreferrer nofollow">report</a>, a total of 15.6 billion SHIB was scored in March, with a burn rate that soared 2,330%.
This burn rate is complemented by the growing embrace of Shibarium, Shiba Inu's layer-2 scaling solution. Notably, Shibarium has continued to&nbsp;<a href="https://u.today/shiba-inu-eyes-abnormal-825-surge-in-shibariums-key-metric" rel="noopener noreferrer nofollow">hit significant milestones</a> that have ultimately contributed to the growth of the underlying Shiba Inu ecosystem.

Shiba Inu (SHIB) in Pivotal Quarter, Bull-Bear Action to Take Epic Ride

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