Expert Predicts Shiba Inu to Hit $0.0001 Mark An expert in cryptocurrency markets has issued an optimistic forecast regarding Shiba Inu, highlighting the potential for significant gains should the cryptocurrency's price experience such a surge.
On the Path to $0.0001 for Shiba Inu Oscar Ramos, a cryptocurrency investor and analyst, recently expressed his confidence in Shiba Inu's optimistic outlook in a post on X (formerly known as Twitter). Ramos predicted a scenario where the meme-inspired coin could shed a zero and attain a price of $0.0001, citing a strong conviction that this milestone is inevitable during the bullish cycle anticipated in 2024.
Ramos based his projections on Shiba Inu's past price movements, notably its impressive surge to an all-time high of $0.00008 in October 2021. Drawing on a blend of excitement, momentum, and Fear Of Missing Out (FOMO), Ramos proposed that SHIB could experience a remarkable price increase fueled by these factors.
Moreover, Ramos highlighted the potential impact of retail investors flooding into the SHIB market, suggesting that such participation could accelerate the cryptocurrency's price to $0.0001.
Sharing a price chart of SHIB, Ramos indicated that the cryptocurrency is currently in a bullish phase, potentially experiencing a surge of over 140%, from $0.00008 to $0.0002. He underscored Shiba Inu's steady progress towards this price level, demonstrating a strong bullish trajectory even before the onset of the altcoin season and the 2024 Bitcoin halving.
Notable Profit Potential for Shiba Inu Investors Emphasizing the significant profit potential, Ramos pointed out that investors who initially acquired the token at $0.00008 would now be enjoying returns of over 150% in value.
$1 Price Target for SHIB Remains Uncertain Despite the optimism surrounding Shiba Inu's potential, Ramos expressed skepticism regarding the likelihood of the cryptocurrency reaching the $1 or $0.1 price thresholds during the current trading period.
