Two leading Bitcoin experts recently shared a new and powerful analysis of the OG crypto token Shiba Inu. Experts claim that SHIB has the potential to break the $0.04 price mark soon by closely tying its movements to Bitcoin. Let’s see what the analysis says about SHIB’s future price movement.
Bitcoin Experts’ Analysis and Future Price Trends of SHIB
Bitcoin experts bullish on SHIB
Two Bitcoin experts to watch, Yazan and Williams, shared their unique price analysis of the next bull run on X. The analysts predicted respective price targets for multiple cryptocurrencies, including Bitcoin and Shiba Inu.
Williams said SHIB could easily reach the $0.05 price mark when Bitcoin soon reaches a price base of $255,000.
Furthermore, another cryptocurrency analyst, Yazan, shared his price analysis. He added that if BTC hits the $777,000 price level, SHIB could break through the $0.05 price mark.
Shiba Inu's current market position
Shiba Inu has long been consolidating in a bearish tone, trading below $0.000013. The token’s ecosystem has also launched ShibTorch, a new burning feature on Shibarium that aims to stabilize its demand and supply and increase its price levels.
Lucie's Marketing Insights
In the midst of this, Lucie, Shiba Imu’s Head of Marketing, developed a new trader call to help investors find reliable peace of mind.
“Some people don’t know this based on past experiences of some traders. 1.e November: – September destroyed portfolios and dreams 2.e October: – When October brings long-awaited returns…”
In one of her recent tweets, Lucie shared how September is often referred to as “Rektember,” meaning it’s a month known for portfolio crashes. Similarly, she shared how October is referred to as “uptober” in the crypto world, meaning it’s a month when investors make profits.
Future price trend of the token
Judging from the current market momentum and the latest price trend, SHIB still has a long way to go. According to Finders, the platform’s panel of renowned experts has proposed three new price paths for SHIB to gradually achieve.
Finders experts had predicted that SHIB might reach $0.00001 by the end of 2024. Analysts then predicted that SHIB might reach $0.000025 by 2025 and $0.000045 by 2030.
“On average, our panelists believe that Shiba Inu (SHIB) will be worth $0.00001 by 2024, rising to $0.000025 by 2025 and $0.000045 by 2030.”
Experts' views on the future of Shiba Inu
Experts believe that the Shiba Inu's popularity and utility-focused use cases could help increase its prices further in the long term.
“I am optimistic about the future price action of the Shiba Inu,” said Samy Ben Bahmed, manager at Sastanaqqam. “I hold this view because the utility and adoption of the Shiba Inu ecosystem will continue to increase, which is likely to drive demand and, therefore, prices. Additionally, the growing interest in decentralized finance (DeFi) and non-fungible tokens (NFTs), which the Shiba Inu leverages on the Ethereum blockchain, is likely to have a positive impact on its value.”
