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Shiba Inu Price Is Predicted On Easter Day, April 9

The Shiba Inu (SHIB) community has risen dramatically recently, with many investors waiting for the token’s price to rise. However, the price of SHIB, like any cryptocurrency, is subject to market swings and can be influenced by various factors.

These variables could make the meme token an appealing investment option for traders at any time of year. Given that the Easter vacations are only a few weeks away, we were able to anticipate the price of Shiba Inu on Easter Day, April 9, using CoinCodex’s AI analysis.

Shiba Inu is expected to trade at $0.000009976 on April 9th, according to data obtained on March 21. The expected price, however, is slightly lower than SHIB’s current price of $0.00001052 at the time of writing.

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SHIB April 9 price prediction | Source: CoinCodex

There is no particular reason why crypto traders might desire to acquire Shiba Inu around Easter. However, given the possibility of it being purchased as a present or used to pay for gifts at particular merchants during the Easter season, traders may expect some volatility in the price of digital assets.

Shiba Inu has tremendous potential for growth and adoption as more businesses and individuals recognize and accept money as a means of payment. This could result in higher demand for Shiba Inu and a subsequent price increase.

Furthermore, sentiment on the one-day gauges at the finance and cryptocurrency analytics portal TradingView is typically unfavorable for SHIB. The summary advises a sell at 14, based on oscillators in the buy zone at two and moving averages indicating a strong sell at 14.

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SHIB 1-day gauges | Source: TradingView

With a market capitalization of $6.2 billion, SHIB is trading at $0.00001093, rising 4% in the last 24 hours and down 5% over the last week.

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SHIB/USD 4-hour chart | Source: TradingView

Incidentally, before April 9, the crypto community predicted the SHIB price for March 31, 2023, at $0.00001191, which was somewhat higher than its current price and much more than the Easter Sunday AI projection.

Shibarium is expected to raise the value of SHIB and create a new use case, which would promote higher demand and lead to a price explosion.

Shibarium’s beta release is an important milestone for the Shiba Inu community and the broader cryptocurrency industry. Shibarium’s faster and less expensive transaction processing, staking incentives, and DEX that supports SHIB and other ERC-20 tokens can potentially transform the landscape of Layer 2 solutions.

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