SHIB Rallies Over 20% In Intraday: Signs of a Bullish April?

Shiba Inu is not just a meme coin anymore; it has proven to be worthy of recognition. Despite the global market value of cryptocurrency dropping in the past week, SHIB has turned to show its bullish April trend, as predicted by many crypto analysts.

According to Coinmarketcap, Shiba Inu leads in the 15th position with a surge of nearly 20.4 % in the past 24 hours and registering a 2.7% hike in the past week.

Remarkably, Robinhood Financial LLC recently announced the listing of SHIB on its exchange, which is reported to be the reason for the cryptos price to skyrocket.

Furthermore, the latest project of the coin — SHIB the Metaverse — has now started a live ‘land bid event’, where Leash holders can now access, bid, and purchase lands and own property in the Shiba Inu Metaverse. This could be one of the reasons for a lucrative gain for the SHIB coin.

Moreso, Shiba Inu’s AAA Game Studio on board might also be another point for the value hike. SHIB also had its all-time-high (ATH) price of $0.88 at the end of October, where it signaled over 75% of its value in the crypto market.

Since January 2022, the crypto market has been following trend-line support, which was lightly paused due to its recent plunge in value. However, today, the global crypto market has bounced to 1.47%,  registering $1.87 trillion in value. In contrast to the past day, this climb has made Bitcoin and other altcoins like ETH, BNB, XRP, SOL, ADA, etc. wave a green flag.

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