Shiba Inu (SHIB) has been one of the crypto tokens that has been talked about the most since this market cycle began. Different analysts have weighed in and given several bullish price predictions on how high the meme coin could rise as this bull run progresses.
Shiba Inu To Hit New All-Time High Soon
Shiba Inu’s Marketing Lead Lucie once predicted that the meme coin could hit a new all-time high (ATH) “soon before or shortly after BTC halving.” Back then, she reaffirmed her faith in the second-largest meme coin by market cap, stating that SHIB could pull this kind of “miracle recovery.”
In March, Crypto analyst and trader Xanrox predicted that Shiba Inu would rise to a new ATH of $0.00008854 by July. He also mentioned that the meme coin would experience a 300% price gain before the year ends. This 300% price gain looks to be only the tip of the iceberg for the parabolic moves that SHIB Inu could make.
Earlier this month, technical analyst Rekt Capital suggested that Shiba Inu was already mirroring its price action from 2021, the year that the meme coin enjoyed its historic price gain of 46,000,000%. In a recent update, the analyst again suggested that SHIB was showing enough strength to mount a similar run, although he didn’t give any price prediction.
SHIB Could Rise To As High As $0.0001
In line with Shiba Inu mirroring its price action from 2021, Crypto analyst Bunchhieng mentioned that it is “quite possible” for the meme coin to rise to $0.0001 if history repeats itself. Crypto investor and analyst Oscar Ramos also believes this is possible, as he predicted that Shiba Inu could shed another zero and rise to $0.0001.
Crypto analyst Javon Marks shares a similar belief, predicting that Shiba Inu will rise to $0.000081 and then rise further to $0.0001553. While analyzing Shiba Inu’s chart, crypto analyst Rafaela Rigo also suggested that the meme coin was indeed mirroring its price action from 2021. From the chart she shared, one could see that she was also hinting at SHIB rising to $0.0001.
Crypto analyst Armando Pantoja has gone one further and predicted that SHIB could shed two zeros and rise to $0.001. Interestingly, he added that this could happen after the Bitcoin Halving.
Meanwhile, crypto analyst Ali Martinez’s price prediction remains the most bullish for Shiba Inu yet. The analyst predicts that Shiba Inu could make another historic price gain and rise to as high as $0.011, although he didn’t state when exactly this will happen.
SHIB price sitting at $0.000026 | Source: SHIBUSDT on Tradingview.com
Featured image from StormGain, chart from Tradingview.com
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Author: Scott Matherson
