It is expected that by 2024-2025, Shiba Inu (SHIB) will experience an explosive pump to $0.0003?
The dog-themed meme token Shiba Inu (SHIB) saw a significant rebound in price in the past 24 hours against the backdrop of a market pump. After hitting a five-month low of 0.00001274 dollars on July 5, the token pumped 8% in the past 24 hours and steadily pumped 20% over the past week.
However, a forecast report released by Forbes shows that AltCoin based on Ethereum's ETH network will experience a significant pump in the remaining time of this year, and may even reach a historical high.
According to reports, industry experts including CIFDAQ blockchain ecosystem founder and chairman Himanshu Maradiya have made predictions about the price of SHIB in 2024-2025, ranging from $0.0001 to $0.0003, depending on favorable market conditions and ongoing ecosystem development.
This means that if it reaches the key level of 0.0001 US dollars, the price of SHIB will pump by 416%, and if it reaches the key level of 0.0003 US dollars, its price will even pump significantly by 1440%.
On the other hand, Utkarsh Tiwari emphasized the difficulty of predicting the prices of Cryptocurrency, including SHIB. Nevertheless, he noticed the bullish sentiment surrounding SHIB and suggested a more conservative approach, pointing out a potential price range by the end of 2024 of $0.0000298 to $0.0000396.
Tiwari also emphasized the importance of monitoring price trends, and said that if SHIB exceeds 0.00003682 US dollars and continues to rise, it may reach 0.00006697 US dollars in 2024. On the contrary, a price reversal may cause SHIB to fall to 0.000010 US dollars, indicating the risk of a fall.
According to the prediction Algorithm of the encryption data platform, the price prediction of Shiba Inu in the next few years is as follows:
2024 Forecast: SHIB is expected to trade between $0.00001453 and $0.00003859, with an upper limit price representing a potential increase of 123.30%, reaching $0.00003859.
Prediction for 2025: SHIB is predicted to trade between 0.00001453 USD and 0.00007515 USD. Achieving higher value targets will mean a significant rise of 332.26%, reaching 0.00007515 USD.
2030 price prediction: The price of Shiba Inu in 2030 is predicted to range from a low of $0.00002237 to a high of $0.00006428, with an upper price target indicating a potential increase of 270.72% to reach $0.00006428.
Possibility of reaching $0.01: Despite the evident enthusiasm for SHIB, achieving $0.01 would require an astonishing 46,144.44% return. However, according to the Algorithm prediction, it is unlikely for SHIB to reach $0.01. According to the Algorithm, the highest expected price estimate by January 1, 2049 is $0.000852.
The current trading price of HIB is $0.0001939, still recording a 6.7% loss within the monthly time frame, indicating that the meme coin has experienced a price adjustment. According to data, the coin has pumped 141% year to date.
(Data source: Ronaldo Marquez)
