Shiba Inu leader Shytoshi Kusama proposed a blockchain-powered economic plan for Trump. Can it increase SHIB price to $0.0001?
Shiba Inu (SHIB) has surged after Donald Trump was re-elected as the 47th President of the United States. The price of SHIB has almost risen by another 0 in early September and is currently hovering around $0.000025.
Interestingly, some community members believe that the recent gains mark the beginning of a major rally for Shiba Inu. They predict that Trump’s victory, coupled with other developments like Shytoshi Kusama’s SHIB proposal, could see Shiba Inu reach higher targets, such as $0.0001.
Kusama's economic proposal to Trump
On November 5, election day, Shiba Inu Association leader Shytoshi Kusama proposed an initiative to the next U.S. president called the Strategic Center for Blockchain Innovation (SHIB).
The $2.35 billion plan calls for the new administration to create a blockchain Silicon Valley that would use the technology to boost the U.S. economy and create jobs. According to Kusama’s projections, the plan could generate $5 billion in revenue annually while creating 20,000 jobs.
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Given Trump’s pro-cryptocurrency stance, there’s a higher chance that Kusama’s SHIB proposal will be adopted under his administration than under an administration led by Kamala Harris.
Shiba Inu May Rise to $0.0001
The potential passage of the proposal could thrust Shiba Inu into the spotlight, pushing its price up to the coveted $0.0001 target. To reach the $0.0001 target, Shiba Inu would need to rise 413.87% from its current price. This would mark a new all-time high (ATH) for SHIB, surpassing its previous record of $0.00008616.
At a price of $0.0001, Shiba Inu’s market capitalization would soar from its current $11.41 billion to $58.92 billion.
SHIB $0.0001 Forecast
The $0.0001 prediction is gaining popularity in the Shiba Inu community. Some experts predict that SHIB will reach the target during this bull run. However, others believe that this prediction may take longer to come true.
Earlier this year, analysts from a well-known media outlet (Forbes) predicted that the price of SHIB will reach its target of $0.0001 by the end of 2025 or earlier. Interestingly, these experts believe that the price of SHIB could soar all the way to $0.0003 during this period.
Veteran cryptocurrency analyst Eunice Wong predicts that the $0.0001 target could become a reality in the second phase of the bull run in 2024/2025.
However, experts from the cryptocurrency exchange Changelly do not believe that Shiba Inu will reach the $0.0001 target anytime soon. According to their latest forecast, SHIB will soar to this level in 2027, possibly reaching the minimum target of $0.000103. This forecast is in line with the target they set in early July this year.
It remains to be seen whether Trump will adopt Kusama’s economic proposals. Therefore, one must invest with caution to avoid incurring heavy losses.
