Shiba Inu: SHIB Expected to Reach $0.001 in Q1 2025

Shiba Inu is currently trading at $0.000013 with four zeros on the chart. This month, the dog-themed token has been trading sideways for the most part with few price spikes. The last time SHIB surged in value was in March this year, when it surged 280% in a month.

The rise in Bitcoin prices comes after the Bitcoin halving event, which coincides with the launch of a Bitcoin ETF. It has been six months since Bitcoin rose in the index, and this development is testing investors’ patience.

However, leading cryptocurrency analyst Krao shared a chart on TradingView and predicted that Shiba Inu is currently consolidating at its price. The analyst predicts that when the consolidation phase ends, SHIB may rise and remove two zeros.

Shiba Inu: SHIB Expected to Reach $0.001 in Q1 2025

Crypto analyst Krao predicts that Shiba Inu is about to see a price breakout. The analyst gave a tentative timeline with a target price of $0.001, which is January-February 2025. With four to five months from today, it is possible to consider holding for the short term.

If the prediction is accurate in the January-February 2025 period, $1,000 invested today could turn into $77,000. However, given the state of the global market, a 7,600% increase in the next four to five months seems unlikely. The price of Shiba Inu would need to increase by at least 1,500% per month over the next five months.

No one can guarantee that SHIB can surge so much in such a short period of time. The market is volatile and both ways for investors to lose money are cut off.

It is recommended to conduct thorough research before getting in on the coin. Cryptocurrencies not only rise, but they also tend to fall and lose all their previous gains.