Armando Pantoja, a well-known Bitcoin investor, has made a bold prediction about the future value of Shiba Inu (SHIB), stating that it could reach $0.001 by either this year or 2025 at the latest. Pantoja shared his price projections for 11 prominent cryptocurrencies in a recent post on X, and included Shiba Inu on the list, suggesting that it has the potential to trade above $0.001.
Pantoja specified a timeline of 2024 to 2025 for his price forecasts to come true. This is particularly noteworthy because Shiba Inu currently trades with four leading zeros, meaning that Pantoja expects it to eliminate two more zeros within this year or by 2025.
It’s worth noting that this is not the first time Pantoja has mentioned $0.001 as his target for SHIB in this bull market. He has consistently drawn attention to this goal, sometimes with a 12-month timeline in mind.
As of now, Shiba Inu is trading at $0.00002459, which represents a negative growth of 9.07% in the last 24 hours. In order for Shiba Inu to theoretically reach a price above $0.001 this year, it would need to experience a 3,966.69% increase.
When considering Shiba Inu’s history, a growth rate of 3,966% is not an insurmountable feat. In the previous bull run, Shiba Inu shocked the crypto market by surging a staggering 884,400%, creating a massive sensation. This incredible gain occurred within a ten-month period in 2021. When taking into account its lowest point of $0.00000000008165 in September 2020, the gain becomes even more astounding at 108,328,130%. This extraordinary outcome resulted in many individuals becoming crypto millionaires and billionaires.
Furthermore, at that time, Shiba Inu had very little appeal or utility beyond its meme-inspired nature. However, the cryptocurrency has since established numerous partnerships and launched initiatives aimed at enhancing its performance in the upcoming bull market.
It is likely that Pantoja expects Shiba Inu to repeat history in this bull market, although he has not provided any specific factors influencing his bullish outlook.
In addition to his prediction for Shiba Inu, Pantoja also anticipates that Bitcoin (BTC) will be trading at $259,000 by next year. Interestingly, Google’s AI platform has put forth an ambitious target of $0.00014 for Shiba Inu, which aligns with Pantoja’s sentiment of $0.001.
On the other hand, other platforms that have forecasted Shiba Inu’s rise to $0.001 have not provided a specific timeline for 2025. For example, Telegaon believes that Shiba Inu’s maximum price by 2025 will be $0.0000728, which falls short of its all-time high. Telegaon thinks that SHIB may reach $0.001 within the next ten years.
It is important to note that this content is purely informational 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 encouraged to conduct thorough research before making any investment decisions, and The Crypto Basic is not responsible for any financial losses that may occur.