SHIB Ready for a Bullish Stint in April 2022 — Here’s Why

The meme coin Shiba Inu, with its nickname, “Dogecoin Killer”, has been revealed to be something more than a joke coin. Shiba Inu has attracted more investors who are eagerly trying to decrypt the meme coin price prediction and see the future of the asset.

As tweeted by the Shiba Inu team, $SHIB is positioned for a bullish surge in the coming days.

According to WhaleStats (Ethereum wallet analyzer), Shiba Inu is recognized as the second-largest token held by ETH Whales.

Notably, the Shiba Inu coin has expanded its sphere with certain interesting projects. Its metaverse platform, “SHIB: The Metaverse” with nearly 100,595 land plots, has clicked the play button for a lot of fans all around the world.  Furthermore, its AAA Game Developer Studio, which is to be dropped soon, would also make the coin price surge in the upcoming days.

Currently, Shiba Inu is in the 15th position among the top 20 cryptocurrencies. According to Coinmarketcap, the meme coin trades at an average price of $0.00002502 in 24 hours. It has a trading volume of nearly $60.5 million, registered at a 0.5% hike.

Earlier in January, SHIB followed an Adam and Eve pattern due to its price action, in which the pattern showed a V-shaped valley (Adam) and a round bottom valley (Eve). However, this pattern paused in February, and its second half is incomplete and floats above its demand zone — $0.0000235.

Notably, SHIB also had its peak price of $0.88 at the end of October, where it registered over 75% of its value in the crypto market. As per CryptoPredictions.com, SHIB would probably return to its previous hikes, reaching a price of $0.000084 in Q1 2022.

All these performances signal that SHIB might be able to surge higher to make a bullish position in the month of April.

Launched in August 2020, Shiba Inu was moving at a price of $0.00000000051. But the coin got more attention in April 2021 as it was one of the top gainers at that time. This was the turning point for SHIB to further surge accordingly with the global crypto market. Prior to this gain, SHIB was tagged as one of the most undervalued cryptos in the market.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.