Shiba Inu (SHIB) price has gained significant attention amid market volatility. With the potential for a 500% surge before April, the meme coin future remains uncertain. The SHIB price is currently hovering around $0.000012, but could strong demand and market trends fuel such an increase? In this article, we explore the factors that might drive a potential rally in Shiba Inu’s value.
Is It Time To Buy SHIB if Shiba Inu Price Can Rally 500% Before April?
The Shiba Inu price is drawing attention as many speculate a potential 500% price jump before April. If this occurs, SHIB’s price could reach $0.000076, an impressive surge for a meme coin. However, investors should exercise caution as this price rally is not guaranteed and comes with risks.
SHIB, like many meme coins, is primarily influenced by social sentiment. This makes its price movements unpredictable and speculative. While a 500% surge is a possibility, market sentiment could also lead to a sharp price drop.
Additionally, broader crypto market conditions can play a significant role in SHIB’s price action. If major cryptocurrencies like the BTC price or ETH experience price rallies, altcoins like SHIB often follow suit.
Moreover, factors such as the burn rate of SHIB, which recently increased by 27%, could influence its price. In the past 24 hours, over 16 million SHIB tokens were burned.
The Shiba Inu ecosystem, including the ShibaSwap platform and Shibarium, could also contribute to this surge, particularly if other Ethereum meme coins like BONK or FLOKI rise in value.
Shiba Inu Price Analysis
The latest SHIB price is hovering at $0.00001269, showing a decrease of 4% over the last 24 hours. As of now, the SHIB price is fluctuating within a defined range, with strong support at $0.000012 and resistance at $0.000013. The current price action suggests that the asset is testing these key levels.
The MACD shows some bullish momentum, with the blue line above the orange line signaling potential upward movement. However, the histogram is relatively neutral, indicating that momentum is not yet fully established.
The Relative Strength Index (RSI) stands at 44, which is in the neutral zone. This suggests that SHIB is currently under no overbought or oversold pressure.
A break above the resistance could propel the Shiba Inu price forecast toward $0.000015, while a decline below the support could see SHIB testing the lower level of $0.000012.
The recent trend in Shiba Inu saw early holders accumulate over 20% of the total supply at lower prices. As these holders sold at key price peaks, sharp corrections followed, creating volatility in the market. This mass exit of early investors highlights how concentrated ownership can lead to amplified price fluctuations.
The potential for a 500% jump in Shiba Inu’s price remains speculative. Investors should stay cautious, as market conditions and social sentiment can greatly influence SHIB’s volatile price movements.
A recent Cambridge report confirms that the United States now leads global Bitcoin mining, prompting questions about how China will respond. Though the country has long held an anti-crypto stance, Chinese mining pools have historically controlled a substantial portion of the global Bitcoin hashrate.
The US’s current competitive edge and renewed hostility over trade policy might motivate China to recapitulate. BeInCrypto spoke with representatives from The Coin Bureau and Wanchain to understand what might encourage China to change its stance toward digital assets.
US Overtakes China as Top Bitcoin Mining Hub
The US has firmly established itself as the world’s largest Bitcoin mining hub. A recent Cambridge Centre for Alternative Finance (CCAF) report revealed that the US accounts for 75.4% of the reported hashrate.
Global distribution of Bitcoin mining activity. Source: CCAF.
This newest development confirms a notable reversal of power over Bitcoin mining dominance. China emerged as the world’s leading Bitcoin mining nation as early as 2017, leveraging its extensive mining infrastructure and low electricity costs to contribute upwards of 75% of the global hash rate at one point.
Yet, the country would later crack down on the industry.
China’s Crypto Crackdown
In 2019, the National Development and Reform Commission of China (NDRC) signaled its intention to prohibit cryptocurrency mining by releasing a draft law categorizing it as an “undesirable industry.”
Two years later, at least four Chinese provinces began shutting down mining operations. These crackdowns intensified amid concerns over excessive energy consumption.
However, China possesses a proven capacity to adjust to geopolitical shifts that could jeopardize its economic dominance, and the current environment may present such a challenge.
Has Bitcoin Mining in China Truly Stopped?
Even with China’s official stance toward crypto, mining activity has not stopped within the region. In July 2024, Bitcoin environmental impact analyst Daniel Batten reported that the hashrate within China currently accounts for approximately 15% of the global total.
7/8
Bottom lines: 1. 15%+ hashrate still comes from China
2. If you have 200-500 miners and want to do renewable-energy mining, you’re welcome
3. This is particularly in Inner Mongolia, the Texas of China, which has a lot of wasted renewable power they want to monetize pic.twitter.com/r6QUgmLmjT
“Despite the official ban, the infrastructure is already in place: from offshore mining to cross-border trading hubs. With more global momentum behind crypto adoption and the US taking the lead, China may find itself incentivized to lean in more strategically, even if unofficially,” Nic Puckrin, Co-founder of the Coin Bureau, told BeInCrypto.
China also has a geographical advantage over the United States, especially regarding technological advancements.
Crypto mining, especially for proof-of-work cryptocurrencies like Bitcoin, depends on Application-Specific Integrated Circuit (ASIC) equipment to handle the necessary complex calculations for validation and mining.
China’s position as a top exporter of crypto mining hardware, particularly to the US, gives it a potential advantage should it decide to revive its mining sector.
Puckrin believes that the combination of trade friction and the US’s invigorated push for crypto dominance might be sufficient to make China reconsider its position.
“It’s unlikely China will make a public U-turn on its crypto mining and trading ban anytime soon. However, with US-based miners accounting for higher and higher proportions of Bitcoin’s hashrate, China is bound to be paying attention and may well be quietly reassessing its stance,” Puckrin told BeInCrypto.
However, China has strategies beyond restarting its Bitcoin mining industry to undermine the United States’ dominance.
China’s Nuanced Approach Beyond US Influence
Even though China opposes the widespread use of cryptocurrencies domestically, it may still see value in digital assets to counterbalance the US dollar’s global currency dominance.
Several countries worldwide have either adopted or are considering central bank digital currencies (CBDCs) to strengthen their domestic currencies. China is at the forefront of these developments.
“Despite the ban on Bitcoin mining, China has actively participated in the digital asset space, through initiatives like CDBC research and the digital yuan, or e-CNY,” Wanchain CEO Temujin Louie told BeInCrypto.
In fact, China’s efforts to create a digital yuan are partly driven by its desire to de-dollarize its economy and lessen its dependence on the US dollar.
Louie also suggested that whatever move China makes, it won’t solely base its decision on what the US does or does not do.
That said, China’s decisions about digital currency will, in turn, affect how its position on crypto continues to develop.
“Weakening USD dominance, whether exacerbated or caused by President Trump’s approach to tariffs, may embolden China to be more aggressive in [its] efforts to internationalise the yuan, including the digital yuan, or e-CNY. Any change to China’s broader strategy will be reflected in [its] stance towards crypto,” he concluded.
China’s activity in other areas of international trade already proves how nuanced its policy changes tend to be.
Could China’s Conflicting Crypto Policies Signal a Change?
Aside from its appreciation of digital currencies like the e-CNY, China’s stance on crypto has already proven somewhat contradictory. These discrepancies may fuel the belief that the country might just be willing to revert—or at least soften—its total ban on mining.
A month ago, investment firm VanEck confirmed that China and Russia –two countries particularly burdened by US sanctions– are reportedly settling some of their energy trades using Bitcoin.
Russia and China are settling oil trades in BTC. I’ve heard first hand accounts of similar transactions with Venezuela. Full tankers are settled in BTC on the “grey” market. The U.S. Government crossed the Rubicon in 2022 by seizing Russian assets at the Federal Reserve and… pic.twitter.com/Y8OwJROw9W
“With the US dollar increasingly being used as a political lever –particularly in tariffed economies– other nations are actively exploring alternatives. Indeed, many countries around the world, including China and Russia, are already using Bitcoin as an alternative for trading in commodities and energy, for example. This trend is only going to accelerate as digital assets become a more prominent part of the global economy,” Puckrin told BeInCrypto.
According to Puckrin’s analysis of these indicators, China’s “shadow crypto economy” is projected to expand this year, which could result in a reassertion of its power. This resurgence would be primarily in response to de-dollarization efforts, rather than a reaction to US dominance in mining.
“We’ll likely see this activity ramping up in the near future, especially as more countries use crypto to bypass dollar-dominated systems,” he concluded.
It will remain crucial to interpret China’s intentions, especially regarding cryptocurrency, by observing its actions rather than relying solely on its official statements.
Crypto whales have begun to quietly shift their altcoin positions following Trump’s Liberation Day tariffs. Uniswap (UNI), Chainlink (LINK), and Ondo Finance (ONDO) have all seen declines in the number of wallets holding between 10,000 and 100,000 tokens.
While the sell-off hasn’t been dramatic, the timing and consistency across multiple tokens suggest growing caution or short-term repositioning. As these altcoins face key support and resistance levels, whale behavior could continue to shape their price trajectories in the coming days.
Uniswap (UNI)
The number of Uniswap (UNI) addresses holding between 10,000 and 100,000 tokens has been steadily declining, a trend that began before Trump’s so-called Liberation Day and has continued in its aftermath.
Between April 2 and April 3 alone, this group of crypto whales dropped from 825 to 821, signaling a slight but notable reduction in confidence or positioning from a segment often seen as strategically reactive.
Number of Addresses Holding Between 10,000 and 100,000 UNI. Source: Santiment.
While this decline may seem modest, it reflects a broader sentiment of caution among larger UNI holders, which often precedes or reinforces price weaknesses.
Currently, UNI price remains in a clear downtrend, with growing risks of a drop toward the $5.50 level or even below it if bearish momentum continues. However, if the trend begins to reverse, the token could first test resistance at $5.97.
A successful breakout from there could push Uniswap higher toward $6.23, a level that would suggest a stronger recovery is underway.
For now, though, the decrease in whale-sized wallets and prevailing bearish momentum place the asset in a vulnerable technical position.
Chainlink (LINK)
While the number of Chainlink (LINK) whale addresses—those holding between 10,000 and 100,000 LINK—only slightly declined after Trump’s Liberation Day, falling from 2,859 to 2,855, the context leading up to that matters more.
From March 29 to April 1, this group was actively accumulating, with the number of crypto whales rising from 2,852 to 2,860. This short burst of accumulation suggested growing confidence in LINK’s upside potential heading into the month.
The recent dip may simply reflect mild profit-taking or caution during the current correction rather than a broader shift in sentiment.
Number of Addresses Holding Between 10,000 and 100,000 LINK. Source: Santiment.
Technically, LINK is at a critical point. If the ongoing correction deepens, the token could fall below $12 for the first time since November 2024, with $11.85 as the key support to watch.
However, if the trend shifts and buyers regain control, LINK could first test resistance at $13. A break above that level would likely open the door for a move toward $13.45.
Ondo Finance (ONDO)
ONDO is showing a trend similar to Chainlink, with whale accumulation taking place between March 26 and March 29 as the number of addresses holding between 10,000 and 100,000 ONDO grew from 376 to 390.
This wave of accumulation pointed to growing interest and confidence from larger holders. However, after peaking, the number of whales started to drop, falling from 374 to 371 following Trump’s Liberation Day.
This decline, while subtle, may indicate a pause in optimism or a cautious shift in positioning among key players.
Number of Addresses Holding Between 100,000 and 1,000,000 ONDO. Source: Santiment.
From a price perspective, ONDO now sits at an important moment. If it can regain the bullish momentum seen last month, it could push through the resistance at $0.82, with the potential to climb further toward $0.90 or even $0.95 if strength persists.
However, if momentum continues to fade, downside risks increase, with support levels around $0.76 and $0.73 likely to be tested.
Pi Coin is under pressure, currently trading just below $0.60 after dropping over 4% in the past 24 hours. The price is sliding toward lower support near $0.55, even as the overall crypto market trends upward.
One of the warning signs is the RSI (Relative Strength Index), which has fallen to 30 — a level that suggests oversold conditions. This means Pi may struggle to bounce back unless buying pressure increases. As long as Pi stays below its key trend line, analysts say the downtrend could continue in the short term.
What’s Driving Interest in Pi?
Despite the recent dip, Pi Network is making moves behind the scenes. Reports suggest the team is in talks with smaller e-commerce platforms in Southeast Asia and Africa. Their aim? To position Pi as a cross-border micro-payment option in regions where traditional banking is still limited.
Pi is reportedly in talks with small e-commerce platforms in emerging markets (such as Southeast Asia and Africa). The goal is to position Pi as a cross-border micro-payment tool, ideal for regions with underdeveloped banking systems. #PiNetwork#Ecommerce
At the same time, there’s growing speculation that HTX (formerly Huobi) — one of the top global exchanges with over $1.7 billion in daily trading volume — might be planning to list PI$PI soon. HTX recently posted a mysterious graphic featuring the Pi Network logo, sparking excitement across the community.
If the listing is confirmed, a major price rally could follow — especially given Pi’s large community and use-case potential in emerging markets.
Conclusion:
Pi Coin is facing short-term pressure, but strong fundamentals and exchange rumors could change the story quickly. Keep an eye on $0.55 support and any updates from HTX.
The post Pi Network Pushes Global Utility Despite Bearish Price Trend: Is $0.55 Next? appeared first on Coinpedia Fintech News
Pi Coin is under pressure, currently trading just below $0.60 after dropping over 4% in the past 24 hours. The price is sliding toward lower support near $0.55, even as the overall crypto market trends upward. One of the warning signs is the RSI (Relative Strength Index), which has fallen to 30 — a level …
