😱🚀A prominent analyst told Forbes that the Shiba Inu still has the potential to rise 610% this year👀🐶
An industry analyst told Forbes that a six-fold return on investment in Shiba Inu remains a 2024 forecast.
In recent weeks, the price of #Shibalnu has been unimpressive as it struggles to recover from the recent crash. Shiba Inu is hovering around $0.00001409, up 2% in the last 24 hours.
However, given that $SHIB crashed to $0.00001087 last Monday, the meme coin has gained 29.62% since then. While the Shiba Inu recovery phase is still underway, Forbes editors sampled expert opinions on where the Shiba Inu price might head in a less bearish market.
$0.0001 possible for Shiba Inu this year
When asked by Forbes, CIFDAQ Blockchain System President Himanshu Maradiya argued that Shiba Inu could reach the $0.0001 price zone this year. For those investing in Shiba Inu today at its current value of $0.00001409, this equates to a return on investment of roughly 610%.
However, Maradya believes that Shiba Inu could see even greater returns by next year. In particular, the industry expert highlighted that SHIB enthusiasts can hope for a higher target of $0.0003 by this year or at most 2025.
It is worth noting that this price point would translate into a 20x return or 2030% growth if Shiba Inu surpasses the all-time high of $0.0003. Analysts in the crypto community share Maradiya’s view, believing that it could make new history this year.
Conclusion:
This is not investment advice, just studies. Research more before investing.
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