Shiba Inu (SHIB) Price Prediction April 2025
Jakarta, Pintu News – In April 2025, the cryptocurrency famous for its dog meme, Shiba Inu, will experience significant price changes. This article will discuss the price prediction of Shiba Inu according to Crypto.news analysis by considering technical and fundamental factors!
What is a Shiba Inu?
Shiba Inu is an Ethereum-based cryptocurrency often considered a competitor to Dogecoin . Created in August 2020 by an anonymous individual or group known as Ryoshi, Shiba Inu is now developed by Shytoshi Kusama.
This currency is part of the meme coin category, which is often created as a joke or parody. Shiba Inu has managed to build a strong and loyal community.
Despite being considered a meme coin, Shiba Inu is constantly working on improving its utility and applications within the wider blockchain ecosystem. This includes the development of their layer-2 blockchain solution, Shibarium, which aims to increase the scalability and usability of the SHIB token.
Also read: Pi Network (PI) Price Rises to $0.7 on Weekend, Trading Volume Approaches $1 Billion!
Shiba Inu Short-Term Price Prediction
According to price predictions from CoinCodex, Shiba Inu is expected to decrease by -2.19% and reach $0.00001268 on April 28, 2025.
Analysts on the X platform pointed out that SHIB is in a falling wedge pattern and preparing for a major breakout.
This pattern shows the potential for a significant price increase if the breakout is confirmed. However, investors should remain wary of market volatility and external factors affecting this trend. This prediction illustrates that while there is potential for a short-term decline, there is also the possibility of a strong price recovery.
Also read: Analyst Javon Marks Predicts Shiba Inu (SHIB) Price Could Skyrocket Up to 550%!
Factors Affecting the SHIB Price in April 2025
Bitcoin price movements are often an indicator for the entire crypto market, including Shiba Inu. If Bitcoin (BTC) enters a bullish phase, SHIB will likely follow a similar trend as investors tend to seek speculative gains from meme coins when the market is generally bullish.
On the other hand, if Bitcoin (BTC) experiences a price correction or stagnation, this could negatively impact the price of SHIB. Moreover, the development of Shibarium could increase the demand and utility of SHIB, which could push the price up if the platform attracts more users and decentralized applications (dApps).
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
- Crypto News. Shiba Inu Price Prediction in April 2025. Accessed on April 7, 2025
- Featured Image: Generated by AI
