Shiba Inu’s lead, Shytoshi Kusama, proposed a blockchain-backed economic plan for Trump. Can it raise the SHIB price to $0.0001?

Shiba Inu (SHIB) has experienced big gains following Donald Trump’s re-election as the 47th president of the United States. SHIB, which moved close to adding another zero to its price in early September, is hovering around the $0.000025 level. 

Interestingly, some community members are confident that the recent surge marks the beginning of a major rally for Shiba Inu. They project that Trump’s victory, alongside other developments like Shytoshi Kusama’s S.H.I.B proposal, might take Shiba Inu to loftier targets like $0.0001. 

Kusama Economic Proposal to Trump 

On Election Day, November 5, Shiba Inu’s leader, Shytoshi Kusama, proposed an initiative to the next U.S. president, dubbed Strategic Hub for Innovation in Blockchain (S.H.I.B)

The $2.35 billion plan requires the incoming administration to develop a Silicon Valley for blockchain, where the technology would be used to boost the U.S. economy and create jobs. Per Kusama’s projection, the plan could generate an annual revenue of $5 billion while creating 20,000 jobs. 

Given Trump’s pro-crypto stance, Kusama’s S.H.I.B proposal has a higher chance of adoption under his administration compared to its potential success under a Kamala Harris-led government. 

Shiba Inu’s Potential Rise to $0.0001 

The potential adoption of this proposal could put Shiba Inu in the limelight, boosting its price to the much-coveted $0.0001 target. Hitting the $0.0001 target requires Shiba Inu to rally 413.87% from its current price. It would mark a new all-time high (ATH) for SHIB, surpassing the previous record of $0.00008616. 

At a price of $0.0001, Shiba Inu’s market cap would surge to $58.92 billion from the current $11.41 billion. 

SHIB $0.0001 Predictions 

The $0.0001 prediction has been gaining popularity within the Shiba Inu community. Several experts project that SHIB will hit the target in this bull run. However, others believe it could take longer for the prediction to materialize. 

Earlier this year, analysts from popular media outlet Forbes projected that Shiba Inu would hit the $0.0001 target on or before 2025 end. Interestingly, these experts believe that SHIB’s price might spike all the way to $0.0003 within this period. 

Seasoned crypto analyst Eunice Wong forecasted that the $0.0001 target might become a reality in the second phase of the 2024/2025 bull run. 

However, experts from crypto trading firm Changelly do not think Shiba Inu will hit the $0.0001 target anytime soon. According to their latest prediction, SHIB will surge to this level by 2027, potentially hitting a minimum target of $0.000103. This prediction aligns with their previous target set earlier this year in July. 

It remains to be seen whether Trump will adopt Kusama’s economic proposal. Hence, it is imperative to invest with caution to avoid incurring significant losses. 

Leading analysts predict Shiba Inu is primed for a massive breakout, with some forecasting a 200% rally as retail investors drive the next parabolic phase.

Shiba Inu has notably underperformed compared to the broader meme coin rally that has been sweeping the crypto market since last week. Shiba Inu trades at $0.00002568 at the time of writing, marking a 24-hour increase of 8.2%. Over the past week, the token has gained 35%, and its monthly rise is 42%.

Meanwhile, Dogecoin is trading at $0.3787, reflecting an 81% increase over the past week. Its monthly performance has been even more remarkable, with a 211% jump.

This contrast has not gone unnoticed by the Shiba Inu community. Despite the disparity, prominent figures within the SHIB community remain optimistic, assuring supporters that significant price increases could be on the way.

Shiba Inu Is Warming Up

In a recent post on X, Roaring Kitty, a popular crypto analyst, pointed out that the current price action of meme coins is following a historical pattern.

Using Shiba Inu as an example, he explained that the typical meme coin rally begins with an initial “warm-up” pump of 100-200%. This is then followed by a period of consolidation or price correction lasting a few weeks.

After this, retail investor enthusiasm takes over, sparking a massive rally with a +200% surge in a single weekly candle.

Applying This pattern to Shiba Inu

Notably, Shiba Inu broke out of its downtrend in late September when it surged past $0.00002150. However, the momentum quickly faded, and the price dipped to $0.00001553. 

This month, Shiba Inu has experienced a more powerful rally, briefly pushing back to the $0.00003 level for the first time in seven months. Specifically, on Tuesday, SHIB hit $0.0000303, but once again, it lost steam and is now trading back in the $0.00002 range. 

Roaring Kitty sees this price action as a “warm-up rally,” suggesting that more significant moves could be coming once retail investors jump into the market and FOMO into cheap meme coins. 

He speculates that Shiba Inu could eliminate a leading zero and climb as high as $0.00015 during this retail-driven frenzy. As a result, he urged SHIB holders to “Keep holding.”

Other Analysts Share Similar Views

Other market analysts echo this sentiment. “SHIB Mortal” advised traders to keep an eye on Shiba Inu, indicating that a breakout could happen at any moment. He shared a chart showing that SHIB is at a critical point after a prolonged downtrend.

Similarly, analyst Esk noted that Shiba Inu has formed a falling wedge pattern, which typically signals a bullish continuation. Encouraged by this, Esk revealed that he has increased his SHIB holdings.

While Shiba Inu (SHIB) has leveraged the latest market-wide uptrend to claim higher grounds, some market analysts believe further upside to new ATH looms.

Market commentator Javon Marks is one individual championing this bullish outlook. The analyst had identified bullish structures around Shiba Inu in the 6-day timeframe when the current bull run was still in its early phase as of Nov. 3.

Shiba Inu Sustains Uptrend 

At the time, Shiba Inu had increased to a price of $0.0000193, knocking at the $0.00002 psychological price territory. Now, a week after this analysis SHIB has jumped 57%, as it now changes hands at $0.00002578. 

Meanwhile, according to Javon Marks, this spike might only be the beginning, with further substantial gains potentially on the horizon. Marks’ latest analysis spotlights important developments on SHIB’s 6-day price chart that confirm the bullish projection.

The market analyst’s chart identifies hidden bullish divergences on the price action as the price springs upward. These signals often indicate sustained upward momentum, with the potential for further gains.

Marks had previously noted the significance of the hidden bullish divergence forming on SHIB’s chart. These divergences often indicate underlying strength, even when prices appear subdued. Combined with the ongoing bullish Bitcoin market, SHIB could be riding a wave of broader crypto market momentum.

The chart shows that SHIB has been on a steady upward trajectory since completing its bottom formation at $0.00001078 in August 2024. The breakout appears to have been confirmed, with the cryptocurrency now trading well above its previous resistance levels. 

SHIB Could Target $0.0001553

In his earlier report, Marks confirmed that he believes this progression could set the stage for an explosive move toward $0.000081, about 8.6% from the all-time high of $0.00008845 attained in October 2021. The $0.000081 represents a potential 214% increase from current levels.

However, the latest analysis from Marks suggests the rally may not stop there. He projects a scenario where Shiba Inu breaks above the $0.000081 target and reaches new highs at $0.0001553. 

If it materializes, this prediction will represent an over 500% surge from its recent price. Such a move would push SHIB to a new all-time high. This price level would take Shiba Inu to a market cap of $91 billion, representing a feasible goal for the meme coin.