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Key Takeaways:
- The SHIB price closed the previous day’s trade at INR 0.00211 with a market capitalization of INR 1499 Cr and a circulating supply of 5,49,06,328 Cr SHIB
- Shiba INU price continues to trend within a consolidated range awaiting a significant push regardless of the direction ahead
Shiba INU Price Analysis: How High Will SHIB Crypto Price Go in April 2022?
SHIB price ever since fell below INR 0.0026 levels at the beginning of February, is trading within a very narrow trend. It did attempt to record a parabolic recovery, but the bears are attempting very hard to restrict the price firmly.
However, with some ease with the consolidated trend, the prices are expected to rebound firmly and close the monthly trade around INR 0.0025. Further continuing with the bullish streak, the Q2 close maybe around the same levels after experiencing a fall from INR 0.0030 levels.
Shiba INU Price Prediction: Will SHIB Price Hit INR INR 1 in 2022?
Shiba INU price after a gigantic rally in 2021, appears to have faded ever since the beginning of 2022. Moreover, the traders appear to have shifted their focus completely as the price remains more or less stagnant for quite a long time. And hence to get back into action, the asset needs huge attention and liquidity flood. The ascending trend may be continued further in the second half of 2022.
The price may range high to test the ATH at INR 0.0066 and with an extended bull run may even surge close to INR 0.01. On the contrary, the bearish cartel capitulating to the rally could restrict the price to INR 0.005 after hitting the ATH. However, the price targets are currently restricted below INR 0.008 while INR 1 remains extremely difficult to achieve in 2022.
Additional Read: SHIB vs DOGE: Comparative Analysis
Shiba INU Price Analysis: BTC Price Table (Last 07 Days)
| Date | All-Time High | All-Time Low | Market Capitalization |
| 05 April 2022 | INR 0.00222 | INR 0.00205 | INR 149 Cr |
| 04 April 2022 | INR 0.00213 | INR 0.00202 | INR 142 Cr |
| 03 April 2022 | INR 0.00212 | INR 0.00200 | INR 146 Cr |
| 02 April 2022 | INR 0.00210 | INR 0.00200 | INR 143 Cr |
| 01 April 2022 | INR 0.00205 | INR 0.00192 | INR 114 Cr |
| 31 March 2022 | INR 0.00214 | INR 0.00185 | INR 141 Cr |
| 30 March 2022 | INR 0.00221 | INR 0.00205 | INR 151 Cr |
Shiba INU Price Prediction: SHIB Price Trend Comparison with DOGE (Last 30 Days)
Source: Tradingview
Shiba INU and Dogecoin are considered the biggest competitors in the crypto space in terms of dog-based crypto assets. After both the assets smashed their respective ATH in 2021, both appear completely exhausted which led to more than 80%. However, after a pretty long consolidation, the DOGE price witnessed a huge spike since the beginning of April 2022.
Currently, both the assets are dropping a little but may rebound after a brief consolidation. With the flip, DOGE price is expected to gear up strongly compared to that of SHIB. As the Dogecoin price rally is 27.73% above the average levels while SHIB is 5.93% higher. On the contrary, the selling volume is accelerated which could compel the price to consolidate for a while before a massive spike.
Additional Read: SHIB Technical Analysis
SHIB Price Prediction 2022: Latest SHIB coin News in March-April 2022
SHIB is Available on Bitcoin of America BTM’S
Shiba INU is expected to undergo huge adoption as the Bitcoin of America, a digital currency exchange provider is enable SHIB on their 1800 BTM’s.
Source: Twitter
Shiba INU Enter the Metaverse Space
The Shiba ecosystem achieved another milestone of launching its own Metaverse space with over 100,000 lands. Each land on Shib Metaverse is available starting at 0.2 ETH
Source: Twitter
Where & How to Buy Shiba INU (SHIB) coin
Buying or Selling Shiba INU (SHIB) is simpler and safer on CoinDCX, India’s top cryptocurrency exchange. To register, just follow the below-mentioned steps,
- Download CoinDCX App
- Enter your details
- After verification, fund your wallet and buy your desired crypto asset
Investing had never become so easy and simple with CoinDCX’s Crypto Investment Plan. You can invest in your desired crypto in simple weekly installments. Therefore, start in Bitcoin & other cryptos with Crypto Investment Plan now!
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].
The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.
