April Levels of Dogecoin and SHIB Announced!

104
April Levels of Dogecoin and SHIB Announced!

On CoinMarketCap, one of the most used cryptocurrency data platforms, users share their monthly expectations for some altcoins. In other words, at the beginning of each month, it conveys predictions about which levels will be seen at the end of the month. So, what are the prospects for the most popular meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB)? Here are the details…

Expectations for Dogecoin “bearish”

We can say that CoinMarketCap users’ expectations for Dogecoin (DOGE) are down. According to the latest estimates, the average expectation is around $0.149. That’s about 3.5 percent below the current price of $0.1544. While Bitcoin and most altcoins were relatively quiet on a daily scale at the time, Dogecoin rose 5% following the news that Elon Musk had bought a stake on Twitter, as we reported on Cryptokoin.com.

Most alternative cryptocurrencies have calmed down over the past few days after the increased volatility experienced last week. Ethereum, for example, dropped to $3,300 at one point before the bulls were back in the game, pushing it to a three-month high above $3,500. Dogecoin was the cryptocurrency that showed the most significant gains among larger capped altcoins, with an increase of 5 percent. This rise came after the news that Tesla CEO Elon Musk bought a 9.2 percent passive stake on Twitter. Although this has nothing to do with DOGE, the price has been positively affected.

Will the Shiba Inu rise?

Looking at the community’s expectations for the Shiba Inu (SHIB), a price point of $0.00003447 is expected for the SHIB. This marks about 28 percent above the current price. At the time of writing, the price of SHIB is around $0.0002675. Meanwhile, the SHIB Army continues to reduce the circulating supply of the second most popular meme coin, Shiba Inu, by burning tokens.

Every 24 hours, a certain amount of SHIB is burned to gradually shrink the circulating supply of SHIB and increase the price. The “shibburn” token burning initiative team announced that a total of 179,387,035 SHIBs have been sent to dead addresses in the past 24 hours.