Shiba Inu Price Prediction: Analyst Says It’s Set to Surge

A crypto analyst predicts that Shiba Inu (SHIB) is poised to soar to $0.0001, a 100% increase from its current price.

Roadmap to $0.0001

Oscar Ramos, a cryptocurrency investor and analyst, believes SHIB will reach $0.0001 during the 2024 bullish cycle. He bases this prediction on the coin’s historical performance, including its massive rally to $0.00008 in 2021.

Ramos suggests that SHIB’s growth will be fueled by hype, momentum, and FOMO (Fear Of Missing Out). He also expects retail investors to play a significant role in driving the price up.

Current Price Trend

Ramos notes that SHIB is currently in its candle week and anticipates a surge of over 140% to $0.0002. He highlights the coin’s steady bullish trajectory, even before the altcoin season and the 2024 Bitcoin halving.

Profit Potential

Investors who bought SHIB at $0.00008 would now have a gain of over 150%. Ramos emphasizes the significant profit potential for those who invest in SHIB.

$1 Price Surge Unlikely

Ramos believes that SHIB reaching $1 or $0.1 is unlikely during this bullish cycle. He cites the coin’s large supply and the limited impact of SHIB burns on its value.

Possible Peak Price

Ramos suggests that if SHIB experiences unprecedented growth, it could reach $0.002 during the altcoin season. He advises investors to exit the market at this point to avoid potential price corrections.