Shiba Inu (SHIB) Price Prediction for April 2023

Shiba Inu has emerged as one of the most successful meme coins out there. With head-to-head competition with Dogecoin, the Shiba Inu team has been working relentlessly on different projects for the community.

Even though 2022 was not the best year for cryptocurrencies in terms of price, 2023 began with a bang. The whole cryptocurrency market has displayed double-digit gains over the last two weeks. SHIB, however, was exhibiting slower gains as opposed to other cryptocurrencies.

Also read: Shiba Inu Burn Rate Spikes by 61765%; 830,384,034 SHIB Burned

With the cryptocurrency prices trading in the red amidst the lawsuit against Binance, here is our Shiba Inu price prediction for April 2023.

Shiba Inu price prediction for April 2023

Shiba Inu’s price currently stands at $0.00001038 with a 1.7% drop in value over the last 24 hours. Even though Bitcoin has exhibited a 16% gain over the last seven days, SHIB has only dropped by 15.7% during this period.

According to Changelly analysts, SHIB is expected to trade at a minimum of $0.0000114089 and a maximum of $0.0000125287 by the end of March 2023. Experts predict that the average trading price will be $0.0000119688. SHIB has fallen 88.28% since its all-time high of $0.00008845 on October 28, 2021.

Also read: Ripple (XRP) Trades in the Green While Bitcoin, Ether Drop

However, the market is extremely volatile at the present and the price can go in either direction depending on the market sentiment and other factors.