Skip to content

Crypto community with 83% historical accuracy sets SHIB price for March 31, 2023

Crypto community with 83% historical accuracy sets SHIB price for March 31, 2023

After the United States Securities and Exchange Commission’s (SEC) continuous assault on crypto companies and Silvergate Capital Corporation’s (the holding company of crypto-focused Silvergate Bank) decision to wind down operations, the crypto market has turned negative, with Bitcoin (BTC) tumbling below the $20,000 barrier. 

Hence, many in the cryptocurrency space are unsure of the long-term worth of prominent altcoins like Shiba Inu (SHIB), renowned for producing price pumps among retail traders, leading many investors to turn to machine learning algorithms to anticipate the value of Shiba Inu at the end of the month. 

The predictions of the crypto community on CoinMarketCap for the meme token’s price over the last six months have historically been accurate to the tune of 83%, making them an alternative to the artificial intelligence (AI) price estimate. It’s worth noting that as of the end of February, the most recent estimate accuracy was 99.98%.

SHIB 6-month estimation accuracy. Source: CoinMarketCap

If the estimations of 3,026 member votes prove correct for March 31, it would mean that the price of SHIB by the end of March will trade at $0.00001191, an increase of 18.77% or +$0.000001882 at the time of publication.

SHIB end of March price estimation. Source: CoinMarketCap

SHIB technical analysis

SHIB’s technical analysis (TA) on TradingView’s 1-day gauges are bearish; its summary aligns with the ‘sell’ sentiment at 15, resulting from oscillators pointing at ‘neutral’ at 9 and moving averages (MA) indicating a ‘strong sell’ at 14.

SHIB 1-day trading gauges. Source: TradingView

Currently, SHIB is trading at $0.00000998, down 8% on the day and a further 12.41% across the previous week, as per the data retrieved by Finbold on March 10.

SHIB 7-day price chart. Source: Finbold

It is also important to note that Shiba Inu is currently the 13th-largest digital asset in terms of its market capitalization, which at the time of publication amounted to $5.4 billion.

Finally, investors will be hoping that the SHIB team, hard at work to develop the highly anticipated Layer 2 network called Shibarium, will be able to boost the asset’s price by the end of the month. Notably, its leading developer Shytoshi Kusama recently informed the public via Twitter bio that ShibaSwap was the only official decentralized exchange for the Shiba Inu and Shibarium ecosystem.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts