Shiba Inu Forecasted To Hit $0.05, Bitcoin Pundit Predicts When
A prominent Bitcoin analyst has ignited significant discussion within the cryptocurrency community. The analyst forecasted an extraordinary rally for Shiba Inu (SHIB), potentially driving its price to $0.05. This is a staggering 193,774% increase from its current value.
Over the past 24 hours, Shiba Inu has emerged as one of the top-performing assets in the cryptocurrency market, posting gains exceeding 8%. The token saw a daily low of $0.00002365 but quickly rebounded to a new daily high of $0.00002592 due to bullish market sentiment. This upward momentum has fueled optimism among market watchers, leading to a revised outlook for SHIB in the current bull market cycle.
Also Read: Top 3 Meme Coins Other Than Shiba Inu To Buy For 10X Gains In 2024
Bold Prediction
Among the optimistic voices is Jason Williams, a well-known Bitcoin author and analyst. In a recent post on the social media platform X, Williams set an ambitious target of $0.05 for SHIB in the ongoing bull cycle.
This projection aligns with his expectation of Bitcoin reaching $336,000 between now and 2025. During his prediction, Shiba Inu was trading at $0.00002579. If SHIB reaches the $0.05 mark, it would represent an astonishing 193,774% increase from its current price.
Also Read: Shiba Inu: Activity in Shibarium Drops 52%
Williams’ forecast entails a remarkable 1,937-fold price growth for Shiba Inu by 2025. In contrast, his projection for Bitcoin suggests a more modest four-fold increase, bringing Bitcoin’s market cap to about $6.6 trillion.
If Shiba Inu achieves a price of $0.05, its market cap will surge to an unprecedented $29.46 trillion, surpassing Bitcoin’s projected market cap more than four times over.
While William’s prediction is optimistic, other industry analysts have provided more measured outlooks. Platforms like Telegaon have speculated on when SHIB might realistically reach $0.05.
According to the firm, SHIB could achieve a minimum price of $0.054 by 2040. This is sixteen years from now. The same report also predicts a potential price of $704,543 for Bitcoin by that time.
Credit: Source link
