This article highlights the top predictions indicating that Shiba Inu is poised to reach a new all-time high of $0.0001.
Shiba Inu has experienced a significant decline during the recent market correction. In the past 30 days, SHIB has lost 22.73% of its value. Although it has partially recovered from the major dip, Shiba Inu is currently facing challenges in surpassing the $0.000024 level, which it has struggled with for the past few days.
Despite these challenges, enthusiasts remain optimistic about Shiba Inu’s potential for substantial price surges. Consequently, many market observers speculate that SHIB will rally to an unprecedented price target of $0.0001 during its anticipated comeback.
Here are five predictions suggesting that Shiba Inu will reach $0.0001:
1. Eunice Wong, a market watcher, believes that Shiba Inu is gearing up for a “second leg” bull rally. Wong draws this conclusion from the aggressive bull run Shiba Inu experienced between late February and early March, which resulted in a price not seen in three years. Wong hints at a scenario where Shiba Inu reaches $0.000125 during this projected “second leg.”
2. Analyst Bunchhieng argues on TradingView that Shiba Inu has the potential to repeat its performance from 2021. He suggests that it is plausible for SHIB’s value to hit $0.0001 in this cycle, drawing parallels with the pattern observed during the 2021 bull market. Notably, Shiba Inu soared by over 800,000% during that period.
3. Famous crypto pundit Oscar Ramos remarked that the surge in Shiba Inu’s price last month has increased the likelihood of it reaching $0.0001. According to Ramos, Shiba Inu’s $0.0001 price point is “100% happening.”
4. Analyst Gem Sheriff echoed a similar sentiment at the same time. He presented a hypothetical chart illustrating candlestick patterns that could propel Shiba Inu beyond $0.00011.
5. Analyst Javin Marks revised his projections for SHIB after bears took control of the market in late March. Marks suggests that despite the pullback in prices, the bulls may have increased strength in pursuit of the $0.000081 target. He notes that reaching $0.000081 could lead to further breakthroughs that bring $0.0001553 into play.
As for when Shiba Inu could reach $0.0001, most analysts anticipate that it will happen within this bull market, which is expected to end in 2025. With Shiba Inu currently trading at $0.0000248, achieving the target price would require a 303% price growth for SHIB. Interestingly, SHIB demonstrated a 350% price growth in less than ten days last month.
However, Changelly researchers suggest that Shiba Inu may only reach $0.0001 by 2027. It is important to note that these projections are speculative and should not be considered as investment advice.
Disclaimer: This article provides information and should not be considered financial advice. The views expressed in this article are solely the author’s opinions and do not reflect those of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions, and The Crypto Basic is not responsible for any financial losses incurred.