The Shiba Inu price has increased by 3% today, reaching $0.00002909, in line with the overall 4.5% increase seen in the crypto market over the last 24 hours. Although SHIB has risen by 1.5% in the past week and 4.5% in the last two weeks, it is down by 15% in the last 30 days. Despite this, the trading volume for SHIB has doubled in the past couple of days, indicating a potential upcoming rally. The market is eagerly anticipating the next Bitcoin halving, which could lead to significant gains for SHIB.
Current indicators suggest that now may be a good time to buy SHIB as it appears to be on the cusp of a rally. The coin’s 30-day moving average has crossed over its 200-day moving average, forming a golden cross, which is typically seen as a bullish signal. Additionally, the relative strength index is trending upwards, and the increasing trading volume further supports the potential for a breakout rally. Large transfers of SHIB by whales, such as a $19.26 million transfer today, also indicate strong interest in the coin.
With the upcoming Bitcoin halving on April 20, the market sentiment is positive, boosting confidence in altcoins like Shiba Inu. Unlike some other meme coins, SHIB has its own ecosystem of apps and platforms, including ShibaSwap DEX and the Shibarium layer-two network. These features have contributed to the coin’s burn rate and ongoing popularity, positioning SHIB for steady growth in the long term. Price predictions suggest that SHIB could reach $0.000040 in the near future and potentially rise to $0.00010 by the second half of the year.
While Shiba Inu remains a strong meme coin, some traders may be looking towards newer and smaller-cap meme tokens for higher potential gains. Coins like Slothana (SLOTH), a Solana-based meme token that has raised over $10 million in its presale, could offer promising opportunities. The success of Slothana’s presale indicates significant investor interest and suggests that the token may see substantial growth upon listing in the coming weeks. Slothana’s team was also behind the successful Smog (SMOG) token, further supporting confidence in the project.
Investors still have the opportunity to participate in Slothana’s presale by visiting their website and connecting a compatible wallet. The coin is available for purchase at the rate of 1 SOL for 10,000 SLOTH, which is approximately $0.019393 per coin. As SOL-based meme tokens like DogWifHat have outperformed the market, there is optimism that Slothana could also experience a surge once it becomes available for trading on platforms. With a growing following on social media, Slothana appears to be gaining popularity and positioning itself for a successful launch.
