Shiba Inu finished last month with gains, marking its second positive monthly performance this year.
As an analyst, I’ve been tracking Shiba Inu closely, and I’m seeing a really positive trend. After several price increases over the last week, April has turned out to be the best month for the coin so far this year, with a solid gain of 4.74%, according to data from CryptoRank.
Shiba Inu extends positive momentum into April
After a seven-month period of consistent price drops, this popular meme token finally showed signs of recovery in March. From August 2023 to February 2024, the asset experienced monthly losses that ranged from a slight decrease of 1.58% to a more significant drop of 17.6%.
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The market bounced back in March with a solid 2.72% increase, and that positive trend continued into April. This month’s 4.74% gain is the best performance we’ve seen all year.
What to expect in May?
Shiba Inu is off to a positive start in the new month, currently up 2.41% and trading at $0.000006364. This early progress is generating optimism among investors about SHIB‘s potential for the month ahead.
Recent market activity suggests the period of instability is finally over, and prices are starting to rise again.
With growing optimism in the market, many believe Shiba Inu’s price could soon surge, potentially leading to a significant increase in value.
Despite this, the meme token has already gained attention because it was recently added to SBI VC Trade’s lending services in Japan.
The event is designed to increase how and where Shiba Inu is used, potentially leading to significant gains this month. Some believe this could even result in the cryptocurrency eliminating one of its trailing zeros before the month is over.
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2026-05-01 17:12