Ethereum

April

Shiba Inu

Crypto Price Prediction: The <a href="https://coingape.com/crypto-market-selloff-experts-reveal-why-btc-eth-xrp-other-altcoins-fell-suddenly/" rel="noopener noreferrer nofollow">cryptocurrency market</a> kicked off April in a bearish tone witnessing a notable correction in the majority of major cryptocurrencies. The leading digital asset Bitcoin fell to $66284 in the Asian trading session, registering 7.3% in the last 48 hours, while Ethereum plunged 8.5% to hit $3339.
The selling pressure picked up additional momentum yesterday as <a href="https://coingape.com/bitcoin-etf-flows-turn-negative-as-q2-begins-halving-excitement-ends/" rel="noopener noreferrer nofollow">Bitcoin spot ETFs</a> experienced a significant total net outflow of $85.84 million highlighted by Wu Blockchain. Notably, the Grayscale ETF GBTC saw a substantial single-day net outflow of $302 million. Conversely, the BlackRock ETF IBIT and Fidelity ETF FBTC registered net inflows of $165 million and $43.99 million, respectively.
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 According to SoSoValue, Bitcoin spot ETFs had a total net outflow of $85.84 million on April 1. Grayscale ETF GBTC had a single-day net outflow of $302 million, BlackRock ETF IBIT had net inflow of $165 million, Fidelity ETF FBTC had net inflow of $43.99 million, and the Bitcoin… <a href="https://t.co/hCp6nk7T1Q" rel="noopener noreferrer nofollow">pic.twitter.com/hCp6nk7T1Q</a>
 — Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1775020526966292635?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 2, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
According to a derivatives market analytics platform Coinglass, 140,149 traders faced liquidation since yesterday, totaling $448.81 million in liquidations across the market.
However, several analysts perceive this pullback as a pre-halving correction/consolidation to shake weak hands and draw in more steadfast market participants.
Also Read: <a href="https://coingape.com/crypto-prices-today-april-2-bitcoin-plunges-to-66k-ethereum-below-3400-sol-xrp-crash/" rel="noopener noreferrer nofollow">Crypto Prices Today April 2: Bitcoin Plunges To $66K, Ethereum Below $3400, SOL &amp; XRP Crash</a>
<h2 id="b-1-ethereum-eth-b">1)Ethereum (ETH)</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/5/5mYJc38i.png" alt="BINANCE:ETHUSD Chart " width="1946" height="937">
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 Ethereum (ETH)| Tradingview
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Ethereum stands as a pioneering force in the blockchain space, being the first to implement smart contracts that enable decentralized applications (dApps). Ether (ETH), the native cryptocurrency of this ecosystem is currently trading at $3328 and has a market cap of $398.7 Billion.
The <a href="https://coingape.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum price</a> has been under a correction trend for the past three weeks, projecting an 18.6% drop from the last high of $4093. Last week, the sellers bolstered for a new lower high formation around $3675, indicating the downward pressure is intact.
Adding to the downturn, the ETH price slipped 5.25% accompanied by $19.1 Billion in trading volume. If the supply pressure persists, the coin holder may seek support at $3250 and $3050 levels.
Also Read: <a href="https://coingape.com/markets/will-ethereum-price-stay-bullish-in-april-historical-data-says-yes/" rel="noopener noreferrer nofollow">Will Ethereum Price Stay Bullish in April? Historical Data Says Yes</a>
<h2 id="b-2-b-b-shiba-inu-shib-b">2) Shiba Inu (SHIB)</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/j/j6bEyXLX.png" alt="BINANCE:SHIBUSDT Chart " width="1946" height="937">
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 Shiba Inu (SHIB)| Tradingview
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<a href="https://coingape.com/shib-price-shiba-inu-monthly-burn-skyrockets-2300-price-rally-looms/" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB) originated as a meme token, often regarded as a Dogecoin competitor. It has grown into a decentralized ecosystem with its own decentralized exchange, ShibaSwap, and has plans to expand into NFTs and game development.
Amid the recent market consolidation, the SHIB price recovery witnessed a notable downturn from the $0.0000328 resistance in late March. The bearish reversal plunged the coin value by 21.5% in the last six days.
By the press time, Shiba Inu’s market cap stands at $15.29 Billion, while the trading volume is around $15.92 since yesterday. According to the recent data by <a href="https://coingape.com/shiba-inu-burn-spikes-2300-amid-market-corrections-shib-price-recovery-looms/" rel="noopener noreferrer nofollow">Shibburn</a>, the memecoin has seen a dramatic increase in its burn rate, soaring to 2307.19% over the last 24 hours. During this period, a massive total of 110,384,799 SHIB tokens were removed from circulation.
However, if the supply pressure from broader markets persists, the <a href="https://coingape.com/price/shiba-inu/" rel="noopener noreferrer nofollow">Shiba Inu price</a> will retest the 61.8% FIB level at $0.00002368.
Also Read: <a href="https://coingape.com/why-dogecoin-and-shiba-inu-prices-fell-today/" rel="noopener noreferrer nofollow">Why Dogecoin and Shiba Inu Prices Fell Today?</a>
<h2 id="b-3-core-b">3)CORE</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/8/8Bit3BVt.png" alt="OKX:COREUSDT Chart " width="1946" height="937">
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 CORE| Tradingview
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<a href="https://coingape.com/blog/core-dao-price-what-will-be-my-portfolio-if-core-dao-price-hits-10/" rel="noopener noreferrer nofollow">CORE</a>, known formally as cVault.finance, is a DeFi project renowned for its unique approach to yield farming and liquidity provision. Defying the recent market correction, the CORE coin emerged as a high-performing asset in the fourth week of March.
From the March 20th low of $0.53, the asset rallied 685% to reach a year’s high of $4.19. This rally gained notable momentum from <a href="https://coingape.com/blog/core-dao-price-soared-250-whats-going-on/" rel="noopener noreferrer nofollow">Core DAO’s</a> launch of coreBTC, facilitating a trustless bridge for Bitcoin to the Core Chain and integrating Bitcoin’s robust security into its DeFi ecosystem.
However, the overextended rally coupled with market correction plunged the <a href="https://coingape.com/markets/whats-next-for-core-price-after-500-surge-fortnight/" rel="noopener noreferrer nofollow">CORE price</a> 15% to currently trade at $3.2. As per the Fibonacci retracement tool, the CORE price could obtain suitable support at $2.8 and $2.37 levels.&nbsp;
<h2 id="span-style-font-weight-400-takeaway-span">Takeaway</h2>
The cryptocurrency market sparked a new correction trend in April, following the lead of Bitcoin and Ethereum prices. A notable outflow from Spot BTC ETF on April 1st further accelerated the supply pressure among top altcoins. However, this downturn is still perceived as a pre-halving correction that can offer investors a suitable pullback before the anticipated rally.
The post <a href="https://coingape.com/markets/eth-shib-and-core-price-prediction-as-april-correction-in-crypto-market/" rel="noopener noreferrer nofollow">ETH, SHIB, and CORE Price Prediction As April Sparks Fresh Correction Wave in Crypto Market</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

ETH, SHIB, and CORE Price Prediction As April Sparks Fresh Correction Wave in Crypto Market

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