Ethereum co-founder Vitalik Buterin recently took to X and said that Shiba Inu (SHIB) has ‘massively outperformed’ his expectations. Buterin’s comments came after an X user expressed confusion about his donations to FLI (Future of Life Institute), a non-profit focusing on developing safety rules for Artificial Intelligence (AI).
There were some rumors that FLI was receiving undervalued assets as donations. However, the Ethereum co-founder highlighted that he faced a similar situation with his Shiba Inu (SHIB) donations to CryptoRelief India during the COVID pandemic.
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Buterin stated, ‘It’s the same situation as with cryptorelief: I quickly sent a pile of SHIB, thinking it would surely drop 100x in a few days, so I had to act fast, and expecting they would be able to cash out at most like $10-25m. But of course, SHIB massively outperformed my expectations.‘
Will Shiba Inu (SHIB) rally following Buterin’s comments?
Shiba Inu (SHIB) is already undergoing a bullish reversal, reclaiming the $0.00003 level. The popular dog-themed crypto has rallied 7% in the daily charts, 27% in the weekly charts, and 223.7% over the previous month. However, the asset is still down by 6% in the 14-day charts.
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Moreover, some platforms anticipate SHIB to continue rallying over the next few weeks. According to CoinCodex, SHIB could hit a new all-time high next month. The platform predicts SHIB to reach $0.000106 on Apr. 24, 2024. Reaching $0.000106 from current levels would translate to a growth of over 240%.
Changelly also paints a bullish picture for Shiba Inu (SHIB) for April. The platform anticipates SHIB to reach a new all-time high on Apr. 21, 2024, hitting $0.00009161.
SHIB’s bullish outlook for April could be due to Bitcoin’s (BTC) halving event, which may trigger another bull run for the crypto market.