Here Are Top Predictions for Shiba Inu to Hit $0.0001

This article identifies the leading forecasts projecting Shiba Inu to set a new all-time high at the $0.0001 price level.

Shiba Inu has taken a significant hit from this month’s widespread price corrections. At its current value, SHIB has lost 22.73% in the last 30 days. While it has fairly recovered from the major dip, Shiba Inu now faces challenges breaching the $0.000024 territory, which it has struggled with for the past few days.

Despite its current challenges, enthusiasts remain optimistic about Shiba Inu’s potential for significant price surges. Accordingly, many market observers have speculated on the possibility of SHIB rallying to an unprecedented price target of $0.0001 during its anticipated comeback.

5 Predictions for Shiba Inu Hitting $0.0001

Market watcher Eunice Wong recently voiced the sentiment that Shiba Inu was gearing up for a “second leg” bull rally. This perspective stemmed from the aggressive bull run Shiba Inu engineered between late February and early March, which took its price to a value not seen in three years.

Now, after the bearish opposition SHIB witnessed following the rally, Wong believes that Shiba Inu is set for a repeat. This analyst hinted at a scenario wherein Shiba Inu goes on to clinch $0.000125 during the projected “second leg.” 

Meanwhile, analyst Bunchhieng argued on TradingView that Shiba Inu has the potential to repeat 2021’s history. He suggested 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. Remarkably, during that period, Shiba Inu soared by over 800,000%.

Last month, while Shiba Inu rallied, famous crypto pundit Oscar Ramos remarked that the surge has increased the likelihood of the asset’s price pushing toward $0.0001. According to him, Shiba Inu’s $0.0001 price point is “100% happening.”

Interestingly, analyst Gem Sheriff echoed a similar sentiment at precisely the same time. He presented a chart hypothetically illustrating candlestick patterns that could lead Shiba Inu beyond $0.00011.

Meanwhile, after bears took control of Shiba Inu in late March, analyst Javin Marks revised his projections for SHIB. Marks suggested that despite the pullback in prices, the bulls might have increased strength in pursuit of the $0.000081 target. He noted that $0.000081 materializing enables further breakthroughs that could bring $0.0001553 into play.

When Can Shiba Inu Hit $0.0001?

Most analysts projecting a $0.0001 price level for Shiba Inu anticipate the value materializing within this bull market, which is expected to end in 2025. With Shiba Inu trading at $0.0000248, reaching the target price would require only a 303% price growth for SHIB. Interestingly, SHIB demonstrated a 350% price growth in under ten days last month.

While the 303% upsurge appears achievable for SHIB given its history, Changelly researchers suggest that Shiba Inu may only reach $0.0001 by 2027. However, it is important to note that these projections are merely speculative, and not consider them as investment advice.