Shiba

2024

April

Shiba Inu

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 <p class="paragraph">With the larger part of the cryptocurrency market going through a bullish period, many of its assets trading near their all-time highs (ATHs), Shiba Inu (SHIB) has been demonstrating strength as well, and machine learning and artificial intelligence (AI) algorithms predict more advances in the near future.</p>
 <p class="paragraph">As it happens, SHIB has managed to grow its price by nearly 180% since the year’s turn, much of which occurred in the last month, during which it has advanced an impressive 35%, although its more recent price action is showing signs of slowing down.</p>
 <h2 class="wp-block-heading" id="h-shiba-inu-price-prediction">Shiba Inu price prediction</h2>
 <p class="paragraph">In terms of its future performance, Shiba Inu could continue to make modest growth, potentially hitting $0.00003 by April 30, 2024, according to the advanced algorithms deployed by the crypto analytics and forecasting platform <em>Price Predictions </em>on April 1.</p>
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <figure class="wp-block-image"><img decoding="async" width="878" height="493" src="https://cdn.thebittimes.com/images/2024/04/01/a2f31cf9cf5a31028d5ee164a09b6115.webp" alt="SHIB price prediction 30-day chart" class="wp-image-165377" srcset="https://cdn.thebittimes.com/images/2024/04/01/a2f31cf9cf5a31028d5ee164a09b6115.webp 878w, https://cdn.thebittimes.com/images/2024/04/01/a2f31cf9cf5a31028d5ee164a09b6115.webp 300w, https://cdn.thebittimes.com/images/2024/04/01/a2f31cf9cf5a31028d5ee164a09b6115.webp 768w" sizes="(max-width: 878px) 100vw, 878px">
  <figcaption class="wp-element-caption"><em>SHIB <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> <a rel="noopener noreferrer nofollow" title="predict" href="https://thebittimes.com/tag/predict.html">predict</a>ion 30-day chart. Source: </em><em>PricePredictions</em>
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 <p class="paragraph">In other words, should this <a rel="noopener noreferrer nofollow" title="predict" href="https://thebittimes.com/tag/predict.html">predict</a>ion, relying on indicators like the Bollinger Bands (BB), relative strength index (RSI), moving weighted average (MWA), and others, come true, it would represent a very modest gain of 3.38% from the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of Shiba Inu at the time of publication.</p>
 <h2 class="wp-block-heading" id="h-shib-price-analysis">SHIB price analysis</h2>
 <p class="paragraph">For the time being, the dog-themed coin is trading at the price of $0.00002902, recording a decline of 4.19% on the day, but nonetheless advancing 3.98% across the past week, adding 34.95% on its monthly chart, as well as racing 181.06% this year, as per the latest data.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="750" height="536" src="https://cdn.thebittimes.com/images/2024/04/01/4f1f3be5e68049c067f854ae6694a91a.webp" alt class="wp-image-165379" srcset="https://cdn.thebittimes.com/images/2024/04/01/4f1f3be5e68049c067f854ae6694a91a.webp 750w, https://cdn.thebittimes.com/images/2024/04/01/4f1f3be5e68049c067f854ae6694a91a.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption"><em>SHIB price 30-day chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">Meanwhile, the above <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> changes and positive <a rel="noopener noreferrer nofollow" title="predict" href="https://thebittimes.com/tag/predict.html">predict</a>ions are happening against the backdrop of increased activity on the SHIB network, particularly in terms of burning of its excess tokens, the rate of which has surged over&nbsp;2,330% in March, according to the SHIB burn tracker <em>Shibburn</em> data on April 1.</p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="800" height="570" src="https://cdn.thebittimes.com/images/2024/04/01/ac225cbafa4c0a4dbad46f17f7d04a18.webp" alt class="wp-image-165378" srcset="https://cdn.thebittimes.com/images/2024/04/01/ac225cbafa4c0a4dbad46f17f7d04a18.webp 800w, https://cdn.thebittimes.com/images/2024/04/01/ac225cbafa4c0a4dbad46f17f7d04a18.webp 300w, https://cdn.thebittimes.com/images/2024/04/01/ac225cbafa4c0a4dbad46f17f7d04a18.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption"><em>SHIB burn rate in March. Source. </em><em>Shibburn</em>
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 <p class="paragraph">At the same time, it is also important to note that early Bitcoin (BTC) adopter Davinci Jeremie has recently advised his followers to include Shiba Inu in their portfolios, taking into account the above-witnessed burning mechanism and development of the Shibarium blockchain.</p>
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    <p lang="qst" dir="ltr">Yes. https://t.co/C3Wj5De5Xa</p>— Davinci Jeremie (@Davincij15) March 31, 2024
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 <p class="paragraph">All things considered, the above <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> <a rel="noopener noreferrer nofollow" title="predict" href="https://thebittimes.com/tag/predict.html">predict</a>ion could be correct and the famous token could, indeed, only make a modest advance, but trends in this field can sometimes flip on a whim, so doing one’s own research and keeping an eye out on any important Shiba Inu news is critical before investing.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/machine-learning-algorithm-predicts-shib-price-for-april-30-2024-tbt84129.html">https://thebittimes.com/machine-learning-algorithm-predicts-shib-price-for-april-30-2024-tbt84129.html</a></p>

Machine learning algorithm predicts SHIB price for April 30, 2024

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