Shiba Inu (SHIB) Tipped For Explosive 1,440% Rally To $0.0003 By 2024-2025
17 July 2024 - 1:00PM
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The dog-themed meme coin Shiba Inu (SHIB) has seen a notable price
recovery over the past 24 hours amid the broader market rally.
After hitting a five-month low of $0.00001274 on July 5, the coin
has gained 8% in the past 24 hours and is up a steady 20% over the
past week. However, a prediction report published by Forbes
suggests that the Ethereum-based altcoin is poised for major price
gains throughout the rest of the year and may even surpass all-time
highs. Expert Insights For SHIB According to the report, industry
experts such as Himanshu Maradiya, founder and chairman of CIFDAQ
Blockchain Ecosystem, offered a prediction for SHIB’s price by
2024-2025, ranging from $0.0001 to $0.0003, depending on favorable
market conditions and continued ecosystem development. This
would position SHIB’s price for a potential gain of 416% in the
scenario of reaching the $0.0001 mark and even a substantial
increase of 1440% in the case of reaching the $0.0003
benchmark. Related Reading: Ark Invest’s Bitcoin Report: Why
They Bet Big On BTC’s Recovery On the other hand, Utkarsh Tiwari,
Chief Strategy Officer of KoinBX, emphasized the difficulty of
predicting cryptocurrency prices, including SHIB. Nevertheless, he
noted the bullish sentiment surrounding SHIB and suggested a more
conservative approach, stating a potential price range of
$0.0000298 to $0.0000396 by the end of 2024. Tiwari also
highlighted the importance of monitoring price movements, stating
that if SHIB surpasses $0.00003682 and continues its upward
trajectory, it could target $0.00006697 in 2024. Conversely, a
price reversal could see SHIB drop to $0.000010, indicating the
presence of decline risks. Shiba Inu Price Predictions According to
the prediction algorithm of the crypto data platform Coincodex,
Shiba Inu’s price predictions for the coming years are as follows:
2024 Prediction: SHIB is projected to trade between $0.00001453 and
$0.00003859, with the upper price target representing a potential
increase of 123.30% to reach $0.00003859. 2025 Prediction:
Coincodex predicts SHIB will trade between $0.00001453 and
$0.00007515 in 2025. Reaching the higher value target would signify
a significant increase of 332.26% to reach $0.00007515. 2030
Prediction: The price prediction for Shiba Inu in 2030 ranges from
$0.00002237 on the lower end to $0.00006428 on the higher end, with
the upper price target indicating a potential gain of 270.72% to
reach $0.00006428. Possibility of Reaching $0.01: While the
enthusiasm surrounding SHIB is evident, reaching $0.01 would
require a staggering gain of 46,144.44%. However, according to
Coincodex’s prediction algorithm, SHIB is unlikely to reach $0.01.
According to the algorithm, the highest expected price is estimated
to be $0.000852 by January 1, 2049. Related Reading: Why Is The
Ethereum Price Up Today? At the time of writing, SHIB is trading at
$0.0001939, still recording losses of 6.7% in the monthly time
frame, illustrating the price correction the meme coin has
undergone. According to CoinGecko data, it is still up 141% in the
year-to-date time frame. Featured image from DALL-E, chart
from TradingView.com
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