Shiba Inu, a popular name in the cryptocurrency world has changed from a funny currency to a recognized one. Like other crypto-assets, investors are eagerly speculating on the future of SHIB, especially its potential to reach the $0.001 price level.
Meanwhile, a crypto investor known as Increasity has made a bold prediction, predicting that the price of Shiba Inu will hit the $0.001 mark during the ongoing bull cycle.
Shiba Inu Aims for $0.001
Especially known as the “Dogecoin Killer”, Shiba Inu has caught the attention of the crypto community with its unique branding and potential for explosive growth.
Crypto investor Increasity predicts that SHIB will surpass its previous all-time high (ATH), including a bold $0.001 forecast mark, implying a potential upside of more than 10,000% from current levels.
Shiba Inu is currently at $0.000028, up just 0.87% in the last 24 hours. Despite this, trading volume is down 27% to $762 million, compared to a market cap of $16.4 billion.
Analysts’ Timeline for SHIB
While Increasity predictions paint a bullish picture for Shiba Inu, other analysts have provided timelines for SHIB traveling to $0.001.
Amonyx, a respected crypto analyst, believes that SHIB could hit $0.01 in the next bull run, while Changelly and Telegaon predict that SHIB will reach $0.001 in 2033 and 2031 to 2035, respectively
Despite those divergent timelines, progress is optimistic that Shiba Inu will reach $0.001 sooner than expected, possibly in the current bull cycle.
Marketing Lead’s Insights
Lucie, Head of Marketing at SHIB also shared her thoughts on the future price movement of the token. Acknowledging the challenges ahead, Lucy expressed confidence that SHIB could reach new highs, including a potential upside of $0.01 over the long term.
Despite the uncertainty, Lucy emphasized the importance of patience in achieving such ambitious goals.
Can SHIB Replicate Past Success?:
Shiba Inu’s recent rise has raised hopes among investors that it will rise again in the 2021 bull cycle. SHIB has shown impressive gains over a relatively short period. However many believe that the current bull session has the potential to surpass the previous bull session and reach $0.001
As expectations mount, all eyes are on Shiba Inu to see if it can beat the predictions or make waves in the crypto market.
