After lagging relatively for nearly two years, Shiba Inu climbed to the $0.00004 mark in March 2024. SHIB's price surged in 2021, turning early investors into millionaires in less than a year. Between August 2020 and October 2021, its price surged by 85,000,000% (85 million%), delivering life-changing gains to early holders. This rally is one that the cryptocurrency market has never seen or experienced before.

The 2021 bull run has seen the Shiba Inu attract new and first-time investors from around the world. New investors are entering SHIB hoping it can replicate its 2021 rally. If a rally begins, another group of investors could make staggering profits and live comfortably.

Shiba Inu: SHIB could rebound again like in 2021, analysts say

Anonymous cryptocurrency analyst “Rekt Capital” told his nearly 500,000 followers on X that SHIB could replicate the 2021 bull run again. He explained that the chart shown suggests that the Shiba Inu may reflect patterns last seen during the 2021 bull run.

“SHIB eventually reached blue resistance, but was rejected at the end of 2021. SHIB also failed to break through blue resistance on the first try. In fact, at the end of 2021, rejection at the blue resistance level forced SHIB to retest the orange level as new support (orange circle) before confirming further gains. Currently, SHIB is retesting the orange level again. Could history repeat itself?" he tweeted.

The 1 cent dream is the heartbeat of a million investors who want to see the coin get there by any means necessary. If this goal is achieved, some investors will make more money than they have ever seen in their lives.