The last month has certainly been an important one in terms of the growth of a plethora of digital assets. One of the better performers has been Shiba Inu (SHIB), as it has increased more than 170% in March, as many experts are targeting a $0.00009 price pre-halving.
The Bitcoin Halving event is set to take place next month, and the digital asset market is highly anticipating its arrival. Indeed, the development will see the current circulating supply of BTC split in half. Considering how the price of Bitcoin has influenced the market thus far, the industry should be in for a massive surge.
Also Read: Shiba Inu Forecasted to Repeat History: Can SHIB Hit $0.0001?
Shiba Inu (SHIB) Set For Legendary Surge Before Bitcoin Halving?
Just three months into the new year, the digital asset market has performed incredibly well. Thus far, Bitcoin has proven to be the tide that lifts all boats. Over the month, it reached a $73,000 all-time high and infused the market with an overwhelmingly positive sentiment.
Amid the increase of digital assets across the board, the meme coin market has been perhaps the biggest beneficiary. That has further increased the performance of one of the biggest meme coins by market cap. Indeed, Shiba Inu (SHIB) has already increased 170% in March, with the asset targeting a $0.00009 price pre-halving.
Also Read: Shiba Inu Sees Surge in Whale Transactions: How Will SHIB Price React?
According to the digital asset price prediction platform, Changelly, Shiba Inu is predicted to reach the mark as early as April 19th. Moreover, that will set the tone for its performance once the healing is complete. Specifically, they forecast the asset to increase 191% increase to reach $0.00009214 just four days later.
Currently, the Bitcoin Halving event is slated to take place on April 20th and should have massive implications for the digital asset market. Moreover, its presence is expected to have a big impact on SHIB. The platform notes that it could leave April eliminating a zero, and reaching $0.000104.
Over the last week, SHIB is up more than 16% according to CoinMarketCap. Furthermore, it is up more than 160% on the month as previously stated. It will be interesting to observe how it performances during the closing days of March. That will inform the position it sets itself up in to embrace April and what should be massive gains.
Credit: Source link
