๐ฑ๐๐Shock Report Analysis: If SHIB Repeats Uptrend After 2021 Halving, Shiba Inu May Increase by 884,400% to $0.19
If #ShibaInu repeats the post-halving 2021 uptrend, it will register an extraordinary gain of 884,400% and reach a price of about $ 0.196.
But enthusiasts are now pinning their hopes on the halving of Bitcoin this week for the potential recovery of the Shiba Inu. They take their optimism from historical precedents, especially Bitcoin's bullish runs following halving events.
For example, Bitcoin halved to $8,374 in May 2020. Five months later, the price entered an upward trend and continued this course in the new year. BTC reached $64,863 as of April 2021 before a temporary retreat.
Initially, #SHIB saw minimal trading activity during Bitcoin's initial rise in late 2020. Shiba Inu saw a significant trading volume of $5,708,932 at a price of $0,00000001 by January 31, 2021.
From this point on, SHIB has consistently maintained a transaction volume of thousands of dollars, sometimes millions of dollars. When Bitcoin reached its first peak of $ 64 thousand in April 2021, SHIB had set its own record price at $ 0.00000417.
November October 2021, Bitcoin reached its new peak with $ 68,789, while Shiba Inu had already reached its own peak with $ 0.00008845 in October 2021. October January of that year, Shiba Inu experienced an incredible increase of 884,400%.
Repeated History of Shiba Inu
If Bitcoin had repeated the 721% increase it experienced after halving to its current price of around $ 63,000, it would have reached a price of over $500,000. Similarly, if Shiba Inu repeated history and increased its current price by $ 0.00002221 by 884,400%, it would theoretically reach $ 0.196.
But the leading forecasting platforms do not predict that Shiba Inu will reach this price in the next two decades, let alone this bullish season. As a result, market participants should not consider this assessment as investment advice.
