Davinci Jeremie, a long-time supporter of Bitcoin, confidently predicts that Shiba Inu will reach $0.00006 as it experiences a recent surge in value.
After a period of anticipation, the bulls of Shiba Inu have finally made their presence known, driving the value of SHIB close to breaking through the $0.00003 mark. Market data reveals that SHIB reached a new daily peak at $0.00002933, marking an 18.51% increase from its initial low of 0.00002475.
It is worth noting that approximately eight weeks ago, Shiba Inu was last valued at the $0.000029 level before it experienced a significant drop to $0.00001853 on April 13.
Since then, Shiba Inu has faced various challenges, with only minimal gains observed until the recent surge. As of now, Shiba Inu has managed to retain most of its acquired gains, with a value of $0.00002792.
Davinci Jeremie boldly asserts that the next target for Shiba Inu is $0.00006. Known for his expertise in Bitcoin, Jeremie states that it is a great opportunity to profit from SHIB and predicts a bullish phase for the asset.
Jeremie reflects on his previous advice to crypto market participants, urging them to accumulate SHIB tokens during the bearish period following the initial surge in early March. He expects a breakout after the downturn, with initial targets set between $0.000025 and $0.00003.
Furthermore, Jeremie reveals that he himself has added to his Shiba Inu portfolio during the low prices. With his initial projections now coming to fruition, he is confident that SHIB will reach $0.00006.
At its current value, Shiba Inu only needs a surge of 114% to achieve $0.00006. It is worth mentioning that SHIB experienced a surge of over 370% in just eight days during the first bullish phase in early March.
Interestingly, Shiba Inu was last valued around the $0.00006 mark during the peak of the 2021 bull run frenzy. Reaching this price point would bring SHIB only 32% below its all-time high of $0.00008845.
It is worth noting that other analysts also agree with Jeremie’s ambitious target for Shiba Inu. Market observers such as Davie Satoshi, Javon Marks, and Eunice Wong have proposed similar price targets in their independent analyses. In fact, Wong believes that SHIB will even remove another zero during this current phase.
Please note that this content is for informational purposes only and should not be considered financial advice. The views expressed in this article are the author’s personal opinions and do not necessarily reflect the opinion of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses incurred.