Analysts Divide On SHIB Reaching $0.001
The cryptocurrency community is witnessing divided opinions among analysts, regarding Shiba price prospects. The token currently trading at 0.00001335 has been exhibiting minimal movement with only a 1.30% increase over the past month.
Since its significant surge of over 350% in March, the token has been trading sideways. This performance has left investors waiting for a potential rally, while some analysts believe the token may not be able to remove any additional zeros from its price by 2025.
Several analysts have shared their views on the assetâs long-term prospects, with some doubting the likelihood of significant price growth. One investor, E Obez, expressed skepticism about the token reaching $0.001, even if Bitcoin climbs as high as $90,000 by 2025.
Although Obez did not offer a detailed explanation for his prediction, he compared the digital assetâs performance potential to other established cryptocurrencies. Obez noted that while he expects Ethereum (ETH) to surpass $5,500 by January 2025 in response to Bitcoinâs rise, meme tokens such as Shiba Inu and PEPE would experience limited growth.
Opinions on Growth Potential
Contrary to the more conservative outlook, other market watchers are optimistic about the tokenâs future. Crypto analyst LuckSide, for instance, predicted that SHIB could achieve the $0.001 target, citing an increase in whale activity and robust on-chain metrics$SHIB
Similarly, Armando Pantoja, a member of Benzingaâs crypto advisory board, believes that the asset could see a significant price increase. Pantoja expects the token to achieve a 72X gain, which would also bring it to the $0.001 target. In August, Pantoja pointed to a bullish Relative Strength Index (RSI) divergence, indicating that it had entered a favorable buying zone.
Pantojaâs forecast is further supported by the anticipated Bitcoin halving event, which he believes could trigger a broader market rally
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