Analyst Speculates Shiba Inu to Skyrocket by 433% to $0.0001553
Despite the prevailing bearish market conditions, a well-known cryptocurrency analyst has predicted that Shiba Inu will experience a significant surge, potentially surpassing its all-time high. The analyst specifically targets a staggering 433% increase, projecting Shiba Inu to reach $0.0001553.
Over the past few weeks, Shiba Inu has succumbed to bearish forces, resulting in a substantial decline of over 30% to a low of $0.00002786. While this drop can be attributed to the overall correction in the Bitcoin price, Shiba Inu has struggled to recover significantly. Currently, it experiences a 4% decline in the last 24 hours, with a market value of $0.0000291.
Nevertheless, influential market observers like Javon Marks anticipate that Shiba Inu’s bullish phase remains active and that a rocket-like surge is imminent, reminiscent of what occurred earlier this month.
Marks recently reaffirmed his long-standing target of $0.000081 for Shiba Inu. The analyst noted that since initially issuing this target in September 2023, SHIB has already witnessed an impressive gain of 531%. However, Marks emphasized that this gain is still relatively small compared to his breakout target for Shiba Inu, which remains at $0.000081.
Highlighting SHIB’s past performance, Marks pointed out that it experienced a tremendous 350% surge within a week, reaching $0.00004534 on March 5. Although the bearish market has since reversed most of these gains, Marks believes that Shiba Inu is poised for another 147% upswing in the coming days, currently standing at $0.0000291.
This projected percentage growth suggests that Shiba Inu may soon reclaim the $0.000071 threshold, with Marks insisting that $0.000081 remains achievable. Notably, these price points were previously reached by Shiba Inu during the peak of the bullish period in 2021.
Marks further argued that SHIB’s rally to $0.000081 will lay the groundwork for unprecedented price levels. Specifically, he anticipates a further 90% increase, leading Shiba Inu to reach a never-seen-before price of $0.0001553.
Considering Shiba Inu’s current price of $0.0000291, achieving $0.0001553 would result in a remarkable 433% return on investment for Shiba Inu investors. As SHIB’s all-time high stands at $0.00008845, the cryptocurrency community eagerly awaits its potential to break through this threshold during the ongoing bullish season.