Crypto Analyst Predicts 350% Surge For Shiba Inu – Here’s The Target
09 May 2024 - 6:00AM
NEWSBTC
Crypto analyst Crypto Dona has predicted a 350% price surge for
Shiba Inu (SHIB). He suggested that the meme coin will unlikely go
higher than that in this bull run. Shiba Inu To Rise To
$0.00011 Crypto Dona revealed in an X (formerly Twitter) post that
his price target for Shiba Inu is $0.00011 and that he doesn’t see
the meme coin going higher. A rise to that level represents a 350%
price surge for the meme coin, which will undoubtedly appeal to
Shiba Inu investors. Related Reading: Here’s How This Ethereum
Whale Made $16 Million From A Single Trade Source: X Crypto Dona
joins a host of other crypto analysts who predict that Shiba Inu
could shed another zero from its current price level and rise to
$0.0001. However, some of these analysts have given a way higher
price prediction than Crypto Dona’s. One is Javon Marks, who
predicts that Shiba Inu could rise to as high as $0.0001553. Crypto
analysts like Armando Pantoja and Ali Martinez have also made much
higher predictions, predicting that Shiba Inu could rise to $0.001
and $0.011, respectively. Forecasts like these have undoubtedly
raised the expectations for SHIB in this bull run, with community
members optimistic that the meme coin could flip Dogecoin (DOGE) in
this market cycle. Shiba Inu’s lead developer, Shytoshi
Kusama, is also confident about the meme coin’s potential in this
market cycle. He suggested that the meme coin is in a good position
to lead this season. He alluded to Shiba Inu’s technology, vision,
plan, and community as some of the reasons he holds this
belief. The First Step Is Hitting A New All-Time High (ATH)
While Shiba Inu undoubtedly looks primed to make big moves in this
bull run, the first step will be for the meme coin to rise above
its current all-time high of $0.00008845, as it is currently 70%
down from that price level. Shiba Inu’s Marketing Lucie has earlier
predicted that the meme coin could hit a new ATH before or shortly
after the Bitcoin Halving. Related Reading: Can Ethereum Reclaim
$4,000? Fragile Fundamentals Threaten To Send ETH Crashing Crypto
analyst and trader Xanrox also hinted that SHIB may hit a new ATH
of $0.00008854 by July. Shiba Inu rising to a new ATH by then could
set the pace for it to hit other bullish price predictions that
crypto analysts have made for the meme coin. Meanwhile, it is also
worth mentioning that Shiba could soon come close to its current
ATH with Ali Martinez highlighting a bull flag on Shiba Inu’s chart
which he belives could send the meme coin to $0.000072323. At
the time of writing, Shiba Inu is trading at around $0.0000227,
down over 4% in the last 24 hours, according to data from
CoinMarketCap. SHIB price retraces from recovery | Source:
SHIBUSDT on Tradingview.com Featured image from Times Tabloid,
chart from Tradingview.com
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