Renowned figure in the cryptocurrency community, Oscar Ramos, has put forward a timeline for Shiba Inu (SHIB) to reach a price point of $0.00017, despite the prevailing bearish sentiment in the market.
Shiba Inu has witnessed a lackluster performance in the crypto market over the past few weeks, largely due to the prolonged downturn experienced in the last two months. Currently trading at $0.00002296, SHIB is trading significantly below its peak price in early March.
However, market experts are optimistic about the future of Shiba Inu, with some predicting that it could potentially trade at around $0.0001. These predictions come with specific timelines for the price target to be achieved.
In a recent post on X, Ramos projected that Shiba Inu could reach $0.00017 by 2025. It is worth noting that the crypto bull season is expected to conclude next year, making Ramos’ projection the most ambitious outlook for SHIB during this bull run. If the target is met by 2025, it would represent a substantial 640% gain for investors who buy Shiba Inu at the current price of $0.00002296.
On the other hand, trading platform Changelly and prediction platform Telegaon propose a six-year timeline for Shiba Inu to hit $0.00017. They argue that SHIB’s peak value for the bull season would be $0.000059994. However, this projection falls short of the widely anticipated target for Shiba Inu by 2025. Many analysts have placed their bets on SHIB surpassing $0.0001 by 2025, considering its history and recent performances.
Several other experts have also expressed their expectations of SHIB reaching $0.0001. Analyst Eunice Wong, for example, points to a previous rally where SHIB surged by 373% in eight days. Based on this trajectory, Wong suggests there is potential for SHIB to reach $0.000125. Similarly, a Japanese Shiba Inu enthusiast, known as Kuro, believes SHIB will achieve $0.00011, citing its recent price breakthrough against the JPY trading pair on Binance Japan.
Kuro speculates that $0.00011 would become Shiba Inu’s floor price once the SHIB development team succeeds in their collaborations with global partners. One of the latest collaborations involves Shiba Inu joining CDSA, an organization that includes members such as Netflix, Apple, and Amazon, to tackle piracy concerns using Shibarium. Shortly after this announcement, Shiba Inu’s lead developer, Shytoshi Kusama, revealed a significant new deal for SHIB.
It is important to note that this article is for informational purposes only and should not be considered financial advice. The opinions expressed here are the author’s own and do not reflect the views of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions, as The Crypto Basic is not liable for any financial losses incurred.