Analyst Predicts Imminent Shiba Inu Surge
Kenobi, an industry analyst, has highlighted Shiba Inu’s unique technology and expressed confidence in the potential for a price surge reminiscent of the January 2021 rally. To recall, $SHIB initiated a significant uptrend that month, achieving an astonishing 89,030% increase over 280 days and peaking at $0.0000845. This surge propelled Shiba Inu into the top 10 cryptocurrencies by market capitalization, reaching a valuation of $38 billion.
Kenobi projects a similar upward trajectory for Shiba Inu, suggesting that it could unfold even sooner this time. Although he did not specify a price target, his outlook remains firmly bullish. If a repeat of the 2021 rally were to occur, it could push $SHIB to $0.0149, corresponding to an $8.8 trillion market cap—an unprecedented leap for a meme coin.
Kenobi also indicated that achieving a $100 billion market cap during the current bull cycle is within the realm of possibility, potentially placing Shiba Inu back into the top 10 by market cap from its current 12th position.
Additionally, Lucie, Shiba Inu’s marketing lead, has previously expressed optimism that $SHIB will eventually surpass the $0.01 threshold, reinforcing the community’s long-term bullish sentiment.