Shiba Inu has been the subject of multiple price analyses, with market commentators presenting different timelines for moderate to ambitious surges.
Some of these analyses have come up during periods of market downturn, while others have built on recovery efforts displayed by the dog-themed altcoin. Regardless of the prevailing momentum, these reports often suggest that SHIB might be setting up a structure for a monumental price surge.
SHIB Leverages Recovery Push
At the reporting time, Shiba Inu has positioned itself as one of the largest gainers, leveraging a recent rebound push from the broader market to secure unique gains. Currently trading for $0.0000186, Shiba Inu has increased 7% over the past 24 hours, dwarfing Bitcoin (BTC), which is up 2.49% within the same timeframe.
Sudden recoveries like the latest one have bolstered confidence in SHIB’s ability to perform admirably during a broader market uptrend, potentially outperforming leading assets like Bitcoin and Ethereum (ETH). This trend occurred earlier this year, when SHIB spiked to a yearly peak of $0.000045 in March.
Some believe this pattern could push SHIB to higher prices, including $0.0001 and $0.001. However, the timeframes for such a rally to occur have varied across different analysts.
Five Timelines for Shiba Inu to Hit $0.0001 and $0.001
At its current position, Shiba Inu would need to increase by just 437% to clinch the $0.0001 price, setting up a new all-time high in the process. Notably, in a disclosure three months back, a Forbes report suggested that Shiba Inu could potentially reach the $0.0001 level and extend to $0.0003 from now till next year.
However, The Crypto Basic confirmed in July that analysts at crypto exchange platform Changelly are not as optimistic. While these analysts also expect Shiba Inu to eventually clinch the $0.0001 level, they believe it can only reach this territory in the next three years, essentially by 2027.
Also, in April, Eunice Wong, a market commentator, argued that Shiba Inu was on the verge of claiming the $0.0001 price. Wong’s analysis suggested that SHIB could hit this level during the second phase of the ongoing bull market, which would materialize over the next few months, potentially in 2025.
Meanwhile, the more ambitious $0.001 target has also taken center stage. SHIB would have to appreciate by a more extensive 5,276% rate to reach the $0.001 region. Interestingly, TradingView analyst Krao projected last month that Shiba Inu is close to an imminent breakout that could push prices to $0.001. He expects the breakout to occur in Q1 2025.
However, in an updated report, Changelly analysts believe this $0.001 price level would take longer to materialize. They predict Shiba Inu to reach a maximum price of $0.0011 by 2033, nearly nine years from now. Also, these market experts see SHIB attaining the $0.0001 in 2027, as opposed to multiple projections that it could happen next year.
Shiba Inu Price Prediction | Changelly
