Shiba Inu Team Sets Timeline for SHIB to Reach $0.01: Insights and Predictions | Crypto News Flash

Shiba Inu Team Sets Timeline for SHIB to Reach $0.01: Insights and Predictions

AnnJoy MakenaBy No CommentsJohn Kiguru edited by John Kiguru
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  • Lucie has made a bold forecast that the coin may reach the desired $0.01 value. 
  • According to Eunice Wong, the Shiba Inu might be starting off a “second leg” bull attack.

Shiba Inu (SHIB) investors are closely monitoring the cryptocurrency’s trajectory amid recent price corrections. Lucie, one of the leading SHIB Shib members, has made a bold forecast that the coin may reach the desired $0.01 value. Lucie’s optimism contrasts with her skepticism about the future of SHIB, but she is still unwavering in her conviction.

Community Sentiment and Performance

Nevertheless, SHIB experienced a pause in the fourth quarter of 2023. However, the cryptocurrency gathered momentum in late February. Lucie pointed out the progressivity of its price increase. Community representatives highlight SHIB’s ability to bounce back and look to the future as the platform enjoys many upgrades and developments.

Although Lucie does not specify an exact date when SHIB would hit $0.01, different forecasts, sometimes contradictory, provide different views. Citing 2033-2040, Changelly predicts the new level for a dollar to SHIB to be $0.001, while Wolfe’s Sunset Timed, an AI endeavor of Google, goes for a more positive option. This may happen during the next 12 months if SHIB keeps its monthly rally up to 230%.

The May 2 release of the Shiba Inu layer-2 solution upgrade will improve the user experience and refine transaction fees. This situation will likely create demand for SHIB, which can increase the price. Nevertheless, the road to $0.01 is quite vague, and market volatility and regulatory factors will surely affect SHIB’s path.

Analyst Insights: Forecasting SHIB’s Trajectory

According to Eunice Wong, one of the influential market analysts, the Shiba Inu might be starting off a “second leg” bull attack. Wong compares the torrential rise of SHIB in February to March last year, and makes the prediction of it hailing a strong surge in the immediate future. Wong’s forecast is based on the idea that a rally down the road will push it to this target price of $0.000125 in the continuation of the 2nd leg.

 

Another analyst, Bunchchieng, states that SHIB is in the same shoes as a bear market that occurred in 2021, but it will improve. Using this reference, Bunchchieng assumes that the SHIB converting to $0.0001 is a feasible event in the current cycle and reveals the possibility of the coin becoming even more valuable. Staking SHIB’s upward potential, Oscar Ramos, a known crypto pundit, claims that the recent SHIB surge has made it quite probable for the coin to reach $0.0001. Ramos is confident that SHIB will certainly reach $0.0001.

Additionally, according to a renowned analyst who updated forecasts for SHIB post-bear supremacy in late March, the pullback in prices notwithstanding, the bullish momentum might fuel SHIB’s pursuit of higher price targets. Marks sees that SHIB is likely to approach $0.000081, a level that would trigger more breakthroughs, which could end up at the price point of $0.0001553.

 

 At the moment, SHIB is being traded at $0.0000248, so to reach the $0.0001 goal, a 303% price appreciation would be required. It should be noted that SHIB experienced a 350% surge in price in less than ten days last month, which signals the coin’s capability to grow fast.

 

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This article is for informational purposes only and does not constitute investment advice. Read full disclaimer

AnnJoy Makena

AnnJoy Makena

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Annjoy Makena is an accomplished and passionate writer who specializes in the fascinating world of cryptocurrencies. With a profound understanding of blockchain technology and its implications, she is dedicated to demystifying complex concepts and delivering valuable insights to her readers.
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