Shiba Inu (SHIB) to Hit 5 Cents, Top Bitcoin Analysts Predict
The Shiba Inu (SHIB) community has been looking forward to reaching the one-cent milestone. However, certain investors and analysts seem to have bigger dreams for the meme coin.
Bitcoin analysts Yazan XBT and Jason Williams believe that SHIB can reach the 5-cent mark. At press time, SHIB was trading at $0.00001336, having risen 2.21% over the past 24 hours. This means the asset will need to rise by nearly 374,151.5% to hit the 5-cent mark.
Also Read: Lloyds Bank Says Customers Spend Millions on Products That Never Arrive
Predictions And Possibilities For Shiba Inu’s Price Surge
Even though this seems far-fetched, history suggests otherwise. In less than a year following the 2020 Bitcoin halving, the price of Shiba Inu surged by 884,400%.
Also Read: BRICS: Chinese Yuan Beats Euro To Become the Second Most Used Currency
Here’s When Shiba Inu Will Hit 5 Cents
Williams claims that if Bitcoin surged to $250,000, Shiba Inu might reach $0.05. Yazan, however, contended that if Bitcoin rises to the startling price of $777,000 this season, SHIB can get the $0.05 price point. Both experts confidently asserted that they believe SHIB will hit $0.05 during this market cycle of 2024–2025.
Market Capitalization And Realistic Expectations
But the real question is if this is possible. Williams’ $250,000 price target for Bitcoin would translate into a $5.25 trillion market capitalization.
Yazan’s recommended price of $777,000 would still put Bitcoin’s market capitalization at about $16 trillion. For SHIB to reach the 5 cents mark with its current supply, the market value would surge to $29 trillion—more than that of Bitcoin, which seems unrealistic.
Also Read: Shiba Inu: Should You Hold Or Sell Your SHIB? Finder Panel Predicts
According to data from Telegaon, Shiba Inu will reach this level only by 2040. Stay tuned for more info!
Read More
Shiba Inu Price Prediction: Is $0.0001 Possible for SHIB Investors in 5 Years?
Finder’s Expert Predictions For Shiba Inu: How High Can The Price Go In 2025?
Shiba Inu (SHIB) to Hit 5 Cents, Top Bitcoin Analysts Predict
The Shiba Inu (SHIB) community has been looking forward to reaching the one-cent milestone. However, certain investors and analysts seem to have bigger dreams for the meme coin.
Bitcoin analysts Yazan XBT and Jason Williams believe that SHIB can reach the 5-cent mark. At press time, SHIB was trading at $0.00001336, having risen 2.21% over the past 24 hours. This means the asset will need to rise by nearly 374,151.5% to hit the 5-cent mark.
Also Read: Lloyds Bank Says Customers Spend Millions on Products That Never Arrive
Predictions And Possibilities For Shiba Inu’s Price Surge
Even though this seems far-fetched, history suggests otherwise. In less than a year following the 2020 Bitcoin halving, the price of Shiba Inu surged by 884,400%.
Also Read: BRICS: Chinese Yuan Beats Euro To Become the Second Most Used Currency
Here’s When Shiba Inu Will Hit 5 Cents
Williams claims that if Bitcoin surged to $250,000, Shiba Inu might reach $0.05. Yazan, however, contended that if Bitcoin rises to the startling price of $777,000 this season, SHIB can get the $0.05 price point. Both experts confidently asserted that they believe SHIB will hit $0.05 during this market cycle of 2024–2025.
Market Capitalization And Realistic Expectations
But the real question is if this is possible. Williams’ $250,000 price target for Bitcoin would translate into a $5.25 trillion market capitalization.
Yazan’s recommended price of $777,000 would still put Bitcoin’s market capitalization at about $16 trillion. For SHIB to reach the 5 cents mark with its current supply, the market value would surge to $29 trillion—more than that of Bitcoin, which seems unrealistic.
Also Read: Shiba Inu: Should You Hold Or Sell Your SHIB? Finder Panel Predicts
According to data from Telegaon, Shiba Inu will reach this level only by 2040. Stay tuned for more info!
Read More
Shiba Inu Price Prediction: Is $0.0001 Possible for SHIB Investors in 5 Years?