$SHIB Here Are Top Predictions for Shiba Inu Potential Rally to $0.0002
Despite Shiba Inu’s recent price plunge, these crypto experts have remained confident in their predictions.
Experts Confident in Shiba Inu Resurgence
Notably, Shiba Inu has plunged heavily, alongside other major crypto assets, since the recently concluded Bitcoin halving. Shiba Inu soared to around $0.00002800 shortly after the Bitcoin halving and has plunged 19.39% to $0.00002257 ever since.
As a result, many Shiba Inu investors are currently underwater. Data from IntoTheBlock shows that 39% of all SHIB holders are at a loss, while 57% and 4% are in profit and breakeven, respectively.
Nonetheless, top crypto experts believe that Shiba Inu will soon move past its bearish days and embark on a major recovery that could take its price to $0.0002.
Top $0.0002 Price Prediction
That said, we’ve outlined several market watchers who believe Shiba Inu could hit the $0.0002 target soon. In a recent assessment, The Crypto Basic, citing a tweet from Shiba Inu’s marketing lead Lucie, stated that in a bull market, Shiba Inu could soar 1,126% to a staggering $0.0002858.
Can Shiba Inu Reach $0.0002
Many might consider the $0.0002 target to be unrealistic given Shiba Inu’s current price and circulating supply. For context, Shiba Inu must surge by 786% to reach the $0.0002 target.
Notably, Shiba Inu is no stranger to huge price spikes. As Lucie pointed out, Shiba Inu witnessed a hefty surge of 1,126% in one month to record its previous all-time high of $0.00008845.
Shiba Inu achieved the feat despite having low adoption and burns. At the moment, Shiba Inu has an ongoing burn campaign that has seen huge amounts of SHIB incinerated at intervals. Over the past 24 hours, the community has incinerated 41.27 million SHIB tokens, bringing the total burns to 410.72 trillion.
