Price predictions in the cryptocurrency space play a vital role in helping investors track the journey of their investments. In one such prediction, Javon Marks, a well-known cryptocurrency analyst, shared how Shiba Inu is following its organic price path and may soon see its price increase by 400%, a prediction that every SHIB enthusiast is waiting for.
Analysts say Shiba Inu prices will rise 400%
To elaborate on the details in more detail, Javon Marks, a well-known cryptocurrency analyst, shared a bullish price prediction for SHIB on X. According to the analyst, SHIB may soon climb a staggering 406% to reach an outstanding price level of $0.000081. The analyst believes that SHIB is continuously striving to climb to the top. The coin recently broke through a key resistance level, which forced the analyst to make a bold prediction.
"Shiba Inu's price target of $0.000081 has not changed as price continues its once clear trend. Given this, it would likely require a gain of over 405% from now to reach this target. >5X may be waiting for Shiba!"
Mark’s latest prediction about Shiba Inu has set off a wave of enthusiasm in the Shib community. It is reported that several cryptocurrency enthusiasts commented under Mark’s post, expressing their excitement about the upcoming SHIB rally.
Meanwhile, Shiba Inu Penny Dream is the core phenomenon that has recently propelled the token to new highs. However, according to the technical platform, the token would need to surge nearly 62,000% to reach the $0.01 price level.
“Shiba Inu needs to increase by 62,822.95% to reach $0.01. According to our Shiba Inu prediction algorithm, the price of Shiba Inu will not reach $0.01. The highest expected price estimated by our algorithm is $0.002168 on January 1, 2049.”
Mark’s bold price prediction was later retweeted by Lucie, Shiba Inu’s Head of Marketing on X. The retweet subtly acknowledged how promising the asset’s future price action looks to many crypto analysts, experts, and enthusiasts.
July Price Prediction
July seemed to bring mixed signals for the coin. At one point, technical platforms such as CoinCodex predicted that SHIB would rise and trade to $0.00002548 on July 15.
“The Shiba Inu price prediction for the next 30 days is based on the predictions of the positive and negative trends of the past 30 days. According to these predictions, SHIB will change hands at a price of $0.00002548 on July 15, 2024, gaining 63.63% in the process.”
On the other hand, SHIB could fall further by 4% by the end of July and trade at $0.00001486.
“According to our current Shiba Inu price prediction, the Shiba Inu price is expected to drop by -4.54% to $0.00001486 by August 7, 2024. According to our technical indicators, the current sentiment is bearish while the Fear & Greed Index is showing a reading of 28 (Fear). Shiba Inu has recorded 12/30 (40%) green days in the past 30 days with a price volatility of 13.25%.
