This article presents the top five bullish forecasts for Shiba Inu following the conclusion of the fourth Bitcoin halving.
After much anticipation, the Bitcoin halving of 2024 has finally taken place, and the crypto market is eagerly awaiting a full-scale bull season. Leading up to the halving event, various projections emerged regarding the potential future price of Shiba Inu.
In this article, we compile the most prominent projections for Shiba Inu during this season. Interestingly, Shiba Inu has already started a bullish rally just 24 hours after Bitcoin’s halving. Currently, SHIB is trading at $0.00002586, indicating a 13% gain in the last 24 hours.
One of the projections suggests that Shiba Inu could reach $0.00008845 shortly after the halving. This price level represents Shiba Inu’s peak in 2021. Lucie, a marketing specialist in the Shiba Inu ecosystem, expressed confidence in this prediction, citing the digital asset’s ability to achieve impressive gains in a short amount of time.
However, Shiba Inu’s highest price on the day of Bitcoin’s halving was $0.00002353, falling short of the target. Nevertheless, the Shiba Inu ecosystem official still expects the asset to reach the all-time high soon after the event.
Another projection forecasts that Shiba Inu could reach $0.0001553 during this season. Market watcher Rafaela Ligo noticed a resemblance between Shiba Inu’s current behavior and a pattern observed in 2021, which led to a surge of 1,164% in 30 days. Based on this observation, Ligo projected a potential price target of $0.00014 for Shiba Inu. Analyst Javon Marks also shared a similar sentiment, stating that Shiba Inu’s path to $0.0001553 would be smoother once it re-enters the $0.00008 range.
Bitcoin investor Armando Pantoja offered an outlook for various cryptocurrencies, including Shiba Inu, suggesting that SHIB could reach $0.001 in the bull market following the halving. This price target implies a rally of 3,660% by 2025.
Additionally, AI-powered platforms like Gemini have provided potential price targets for SHIB if Bitcoin reaches high levels, such as $100,000, $150,000, or $250,000 after the halving. According to Gemini, if Bitcoin hits $100,000, Shiba Inu could reach $0.00005564. If Bitcoin surges to $150,000, Shiba Inu’s ambitious estimate stands at $0.00013856. And if Bitcoin soars to $250,000, Shiba Inu could potentially reach $0.00014.
It is worth noting that Bitcoin experienced a significant surge of approximately 721% after the 2020 halving, reaching an all-time high of $64,863 in 18 months. If history repeats itself, with Bitcoin’s halving-day low of $59,651 in 2024, its price could exceed $489,000. Similarly, Shiba Inu saw a remarkable gain of at least 884,400% after the 2020 halving. If this historical pattern repeats, it suggests a potential price of $0.196 for SHIB.
Please note that the content of this article 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 reflect the opinion of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions, and The Crypto Basic will not be held responsible for any financial losses incurred.