A meme coin trader has predicted Shiba Inu (SHIB) will hit $0.0001 soon. Oscar Ramos’ analysis highlights Bitcoin’s influence and political impacts on SHIB’s future. He emphasizes favorable macroeconomic factors and bullish sentiments driving SHIB’s potential rise.
Market Dynamics and Bitcoin’s Influence
Oscar Ramos shared his insights on SHIB in a YouTube video. He emphasized the role of Bitcoin in influencing the broader crypto market. Ramos anticipates that Bitcoin will surpass expectations, potentially hitting $200K by 2024 to 2025.
He stated, “If Bitcoin can destroy its expectations right now in 2024, I’m still shooting for BTC to do 200,000 Plus.” This bullish perception on Bitcoin is will have a ripple effect on SHIB and other crypto assets.
Ramos also discussed the potential impact of political changes in the U.S., particularly if Donald Trump wins the presidency. Policies under a Trump administration could benefit the crypto market.
He noted, “With the news that we just received today, Bulls, Whales are saying Donald Trump just won.”
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Show more +Show less – Developments and Bullish Sentiments
Ramos highlighted several factors contributing to the bullish sentiment in the market. He pointed to predictions from influential figures like Elon Musk, who have been positive about Bitcoin’s future.
Additionally, macroeconomic factors, such as the launch of Ethereum ETFs and federal interest rate cuts, are seen as favorable for SHIB and other cryptocurrencies.
According to Ramos, “ERC20 Ethereum ETF launching is going to be pumping Pepe, SHIB, and other different ones.”
Despite a lack of gains for SHIB in recent months, the analyst remains optimistic. The last major bullish movement for SHIB was in March.
He remarked, “The last time we were with the mega bullish momentum was March, the beginning of March. Right now is July, we’re almost close to August. It’s been flat and down for SHIB.”
However, Ramos predicts that SHIB will soon break previous highs, driven by upcoming economic and political events.
Read also: Will Bitcoin (BTC) Price Break $73k This Week?
Investment Strategies and Technical Analysis
Ramos advised investors to stay informed about market trends and use various indicators for profitable trades. He recommended specific tools and platforms for trading and investing in crypto..
SHIB’s market position has been relatively underwhelming compared to other meme coins. However, Ramos is confident that SHIB can achieve price increases.
He anticipates that SHIB will reach the “fours” and “fives,” indicating a substantial rise from its current position. He predicted, “I’m predicting a nice pump to the fours to the fives right now, and we’re going to be this close eventually when all the pumps, all the altcoins are coming in.”
Ramos shared several key quotes during his analysis, illustrating his optimism about SHIB’s future. He stressed that broader market trends and political developments would influence SHIB’s price. The potential rise to $0.0001 is seen as a “done deal” given these favorable conditions.
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The post This Meme Coin Trader Makes a Bold Shiba Inu (SHIB) Price Prediction – $0.0001 Is a ‘Done Deal’ appeared first on CaptainAltcoin.
