Ethereum co-founder Vitalik Buterin recently took to X and said that Shiba Inu (SHIB) has ‘massively outperformed’ his expectations. Buterin’s comments came after an X user expressed confusion about his donations to FLI (Future of Life Institute), a non-profit focusing on developing safety rules for Artificial Intelligence (AI).
There were some rumors that FLI was receiving undervalued assets as donations. However, the Ethereum co-founder highlighted that he faced a similar situation with his Shiba Inu (SHIB) donations to CryptoRelief India during the COVID pandemic.
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Buterin stated, ‘It’s the same situation as with cryptorelief: I quickly sent a pile of SHIB, thinking it would surely drop 100x in a few days, so I had to act fast, and expecting they would be able to cash out at most like $10-25m. But of course, SHIB massively outperformed my expectations.‘
Will Shiba Inu (SHIB) rally following Buterin’s comments?
Shiba Inu (SHIB) is already undergoing a bullish reversal, reclaiming the $0.00003 level. The popular dog-themed crypto has rallied 7% in the daily charts, 27% in the weekly charts, and 223.7% over the previous month. However, the asset is still down by 6% in the 14-day charts.
Also Read: If You Put $1000 In Shiba Inu on Jan 1, 2024, How Much Could You Make?
Moreover, some platforms anticipate SHIB to continue rallying over the next few weeks. According to CoinCodex, SHIB could hit a new all-time high next month. The platform predicts SHIB to reach $0.000106 on Apr. 24, 2024. Reaching $0.000106 from current levels would translate to a growth of over 240%.
Changelly also paints a bullish picture for Shiba Inu (SHIB) for April. The platform anticipates SHIB to reach a new all-time high on Apr. 21, 2024, hitting $0.00009161.
SHIB’s bullish outlook for April could be due to Bitcoin’s (BTC) halving event, which may trigger another bull run for the crypto market.
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