According to crypto experts, Shiba Inu (SHIB) has a lot of room to grow in value this market cycle, with a possible peak of $0.00014. It is quite improbable that the meme coin would repeat its 2021 run, thus the expert cautioned against getting your hopes up.
The Potential Value of a Shiba Inu Could Reach $0.00014
During a video on his YouTube channel, Zach Humphries said that Shiba Inu has the potential to "definitely" see a 10x run from its present price level. This bull run would bring the price to a new ATH of $0.00014. Shiba Inu may potentially reach a $100 billion market value if its price increases to this level, as pointed out by the crypto expert.
This Shiba Inu price increase, the crypto expert said, will continue so long as the market has another altcoin season. He went on to say that Ethereum's performance would determine the altcoin season as a whole, and that Shiba Inu's chances of success will depend on Ethereum's ability to break new market cap records.
According to Zach, SHIB is the largest ERC-20 cryptocurrency. So, it's not surprising that the second-largest meme currency by market value has a substantial price surge during the altcoin season, when Ethereum makes its move. Zach has previously announced very positive pricing predictions for Shiba Inus. In June, he made the prediction that this market cycle would see the meme coin's market value hit $100 billion.
At the same time, Oscar Ramos and other cryptocurrency experts have forecasted that Shiba Inu's price would drop by another zero. Javon Marks forecasted a Shiba Inu boom to $0.0001553, while Ramos said the meme currency may reach $0.0001.
There's Little Hope That SHIB Will Recreate Its 2021 Bull Run
Zach was optimistic on Shiba Inu in his forecast, but he cautioned that the meme currency would not be able to repeat its 2021 bull run due to the fact that it can no longer record large gains in weeks. The 2021 bull run saw the price of Shiba Inu soar to an all-time high of $0.00008845 in October, after continuing to soar for weeks. This amounted to a 157 million percent gain.
According to the crypto expert, anybody hoping to make money off of Shiba Inu's meme currency has to be "realistic" about their expectations. Zach pointed out that SHIB's multi-billion dollar market value puts it among the top cryptocurrencies by market cap, which is different from 2021. So, according to his logic, the meme currency is no longer able to go to the upside. This is in keeping with what the crypto expert said when he cautioned investors not to believe the claims that Shiba Inu may run up to $1 or even $0.01.
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