The world of cryptocurrency has been taken by storm in recent years, with the rise of meme-inspired coins like Shiba Inu and Dogecoin. These two coins have quickly gained popularity among investors and traders, thanks to their unique branding, strong online communities, and potential for high returns.
Shiba Inu and Dogecoin have faced challenges this week and both meme coins showed over 8% decline in their price. However, many crypto analysts anticipate a potential upward trend for both coins from late March to April 2024.
Moreover, with March 2024 ending soon, many market observers are closely monitoring Shiba Inu and Dogecoin, anticipating which will outperform in the upcoming month.
Shiba Inu Vs. Dogecoin: Who Will Win in April?
As we found on CoinMarketCap, Shiba Inu is currently trading at $0.00002619 with a 2.71% decline in price over the last 24 hours. On the other hand, Dogecoin is trading at around $0.1486, showing 2.36% decrease in value in the last 24 hours. However, many crypto market analysts are bullish on Dogecoin and Shiba Inu for April.
According to our expert’s technical analysis and price prediction, Dogecoin (DOGE) is anticipated to reach a maximum value of $0.1843 by the end of March, marking an increase of approximately 10% from its present value. Moreover, we also think that Dogecoin will see a bullish trend for the majority of April 2024.
Shiba Inu (SHIB) may reach $0.00004 by the end of March 2024, depending on the over crypto market performance. Historically, the SHIB Coin has shown significant price increases following Bitcoin’s reaching new highs. However, if the crypto market sentiment turns bearish in the upcoming days, SHIB might not achieve this target by the end of March and could face a challenge in April.
Moreover, Shiba Inu has shown stronger performance than Dogecoin in terms of trading volume over the last months. We believe that this trend will continue into April as the upcoming Bitcoin Halving event is anticipated to boost the overall crypto market. We suggest our readers monitor the performance of both coins by the end of this month to provide a clearer picture of April’s potential.
Also Read: Bitcoin (BTC): Which is the Optimal Time to Invest in Bitcoin!
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
