Here Are Top 5 Price Predictions for Shiba Inu After Bitcoin Halving
This article presents the top five bullish forecasts for Shiba Inu following the completion of the fourth Bitcoin halving.
The highly-anticipated Bitcoin halving event of 2024 has finally taken place, leading the crypto market to anticipate a full-scale bull season in the near future. However, prior to the halving, several projections emerged regarding the potential price trajectory of Shiba Inu.
This article compiles the leading projections by prominent entities for Shiba Inu for this season. Interestingly, Shiba Inu has already started a bull rally just 24 hours after Bitcoin’s halving. At the time of writing, SHIB is trading at $0.00002586, marking a 13% gain in the last 24 hours.
Shiba Inu to Reach $0.00008845 “Shortly” After Halving
Notably, $0.00008845 represents Shiba Inu’s peak in 2021. Last month, Lucie, a marketing specialist for the Shiba Inu ecosystem, expressed confidence that SHIB would reclaim $0.00008845 before April 19 or “shortly” after the halving.
Lucie’s optimistic outlook was influenced by Shiba Inu’s 350% gains earlier in the same month. According to Lucie, Shiba Inu has the potential to perform miraculously and achieve a new all-time high in a matter of weeks.
However, Shiba Inu’s price yesterday, during Bitcoin’s halving, only reached $0.00002353. While SHIB failed to regain its ATH target before the halving, the Shiba Inu ecosystem official expects it to happen shortly after the event.
SHIB to Reach $0.0001553 This Season
Two weeks ago, Rafaela Ligo, a prominent market watcher, observed a striking resemblance in Shiba Inu’s current behavior to a pattern observed in 2021. Notably, this pattern led to a 1,164% surge in SHIB’s price within 30 days. Based on this observation, the analyst projected a potential price target of $0.00014 for Shiba Inu.
Javon Marks, another analyst, shared a similar sentiment in his analysis of Shiba Inu’s outlook last month. Marks argued that SHIB’s path to $0.0001553 would be smoother once it re-enters the $0.00008 range.
Shiba Inu to Reach $0.001 After Halving
Earlier this month, Bitcoin investor Armando Pantoja shared his outlook for various cryptocurrencies, including Shiba Inu. He suggested that there is potential for SHIB to reach $0.001 during the bull market that follows a halving event.
His price target implies that SHIB would need to rally by 3,660% by 2025. However, prediction platforms like Changelly and Telegaon disagreed with this outlook, proposing a ten-year timeline instead.
SHIB Price if Bitcoin Reaches $100k, $150k, or $250k After Halving
Meanwhile, AI-powered platforms like Gemini (formerly known as Google Bard) have suggested potential price targets for SHIB in scenarios where BTC reaches lofty highs such as $250,000 after the Bitcoin halving.
Gemini’s bullish projection for Shiba Inu, if Bitcoin hits $100,000, is a price of $0.00005564. Additionally, its ambitious estimates for Shiba Inu stand at $0.00013856 if Bitcoin soars to $150,000 post-halving, and $0.00014 if BTC reaches $250,000.
Shiba Inu Repeating History Like Bitcoin After Halving
Interestingly, Bitcoin surged approximately 721% after the 2020 halving, reaching an all-time high of $64,863 in 18 months. If history repeats itself, with Bitcoin’s halving-day low of $59,651 in 2024, its price could exceed $489,000.
In contrast, Shiba Inu experienced an astounding gain of at least 884,400% following the 2020 halving. If this historical pattern repeats, it suggests a potential price of $0.196 for SHIB.