Shiba Inu (SHIB) continues to exhibit minimal price movement, leading to a division among analysts regarding its future.
Some predict a massive breakout, while others anticipate continued stagnation. Currently, Shiba Inu is trading at $0.00001327, reflecting a minimal 0.17% movement over the past month. The meme coin has been moving sideways since its major surge in March, where it experienced a more than 350% increase.
Despite the excitement earlier in the year, SHIB’s price has since remained stable, with no substantial growth recorded in recent months. This stagnant performance has left investors waiting for another rally, while some analysts predict that the token may struggle to delete any zeros by 2025.
Shiba Inu Will Not Hit $0.001 Next Year
Various analysts have shared their perspectives on Shiba Inu’s future performance. One investor, E Obez, believes SHIB will not surpass $0.001, even if Bitcoin reaches as high as $90,000 by 2025.
The investor did not provide detailed reasoning for this outlook but compared SHIB’s projected growth to other tokens.
Notably, Obez predicted that Ethereum (ETH) would rise above $5,500 by January 2025 when BTC attains $90K. He also outlined bullish expectations for some emerging crypto assets. However, for established meme coins like Shiba Inu and PEPE, he argued they would struggle with less impressive perfomance.
Contrasting Views
However, in contrast to this view, some analysts are more optimistic about SHIB’s growth potential. LuckSide, a well-known crypto analyst, forecasted that Shiba Inu could reach $0.001, driven by increased whale activity and strong on-chain indicators.
According to LuckSide, SHIB is nearing a key phase in its long-term trend, and recent data points to increased whale involvement. In particular, the movement of over 3 trillion SHIB tokens by large holders within just two days and the withdrawal of $4 million in SHIB tokens from exchanges highlighted this activity.
Analysts Unanimous SHIB Can Still Rally 7,000%
Other analysts share LuckSide’s optimistic outlook. Krao, a TradingView analyst, expects a breakout in the Shiba Inu price soon. He believes that a breakout from a descending trendline, which has restricted SHIB’s growth since 2021, could propel the token to $0.001.
According to Krao’s analysis, if this rally materializes, SHIB could surge up to 7,379% from its current price level.
Similarly, Armando Pantoja of Benzinga’s crypto advisory board anticipates a 72X increase in Shiba Inu’s value, targeting the $0.001 mark. In August, he cited a bullish RSI divergence, suggesting that SHIB had entered a prime buying zone.
Pantoja projects that the meme coin could deliver a potential 7,193% gain from current prices, supported by Bitcoin’s halving event.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
