Valeriya, a prominent figure in the crypto trading community, is confident that Shiba Inu is poised for a remarkable 1,000% surge in the coming month. Despite facing a challenging market environment, Shiba Inu has managed to maintain its price at $0.000022, showing resilience in the face of recent dips. Although the token did experience a slight drop to $0.00002112 in the past 24 hours, it has since rebounded to $0.00002207 as of now.
Despite a 15% decrease from its selling price last week, Shiba Inu has only seen a modest 1.75% decline over the past month. This has led to growing optimism among investors for a potential turnaround in June.
In a recent post on X, Valeriya predicted that Shiba Inu could see a tenfold increase in value this month, placing it in the company of other high-performing tokens like Toncoin (TON) and PEPE. Achieving a 10X surge would propel Shiba Inu to a historic milestone, potentially trading at $0.00022 with just three decimal places. While many anticipate Shiba Inu reaching this milestone, the timeline of June 2024 is not as commonly discussed.
Community analyst SHIB Knight has also put forth a bullish outlook for Shiba Inu, suggesting a target price of $0.0001, which would require a 300% surge. This forecast is rooted in SHIB Knight’s analysis of market trends rather than mere speculation.
Additionally, ecosystem market specialist Lucie has hinted at a potential price surge for SHIB to $0.0002858 due to ongoing developments within the Shiba Inu ecosystem. Drawing from past performance, such as the significant rise in October 2021, Lucie believes that the strengthened ecosystem could lead to even greater gains, although no specific timeline was provided.
Analysts from the Changelly crypto exchange have also weighed in, predicting that Shiba Inu could reach a price level of $0.0002 by October 2028, revising an earlier forecast of $0.00024 by 2031. Telegaon analysts share a similar sentiment, projecting a minimum price of $0.000207 and an average of $0.000289 for SHIB in 2028.
While the possibility of a 10X surge pushing Shiba Inu to $0.00022 is widely discussed, the likelihood of this occurring in the current month is debatable. However, given Shiba Inu’s history of surprises, such a scenario cannot be ruled out.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The opinions expressed are those of the author and do not necessarily reflect those of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions, as The Crypto Basic is not liable for any financial losses incurred.