Crypto influencers and platforms have varying opinions on when Shiba Inu (SHIB) will reach the target price of $0.00017 in the current market conditions.
Currently, SHIB is trading at $0.00002378, which is 49% lower than its peak price in early March.
While some analysts predict that SHIB will reach $0.0001 by 2025, others, like Oscar Ramos, believe that it has the potential to rise to $0.00017 by the same year.
Oscar Ramos, a well-known figure in the cryptocurrency community, recently suggested that despite the bearish sentiment, Shiba Inu (SHIB) could reach a price of $0.00017 by 2025.
This forecast comes at a time when SHIB has been struggling in the market, currently trading at $0.00002296, which represents a significant 49% decline from its high in early March.
Analyzing the potential price movements of Shiba Inu, Ramos aligns his prediction with the expected end of the crypto bull season next year, indicating a potential 640% gain for those who invest in SHIB at its current price.
On the other hand, experts from the trading platform Changelly believe that it could take up to six years for SHIB to reach the $0.00017 mark. They suggest a more conservative peak of $0.000059994 for the upcoming bull season.
Similarly, prediction platform Telegaon shares a cautious stance, while other market analysts remain optimistic, predicting that SHIB will surpass the $0.0001 mark by 2025 based on its historical performance and recent market actions.
In a notable rally that took place nine weeks ago, SHIB saw a 373% surge from $0.0000095 to $0.000045 in just eight days. Market analyst Eunice Wong cites this trend as a possible indication that SHIB could reach $0.000125.
Furthermore, Kuro, an enthusiast based in Japan, believes that SHIB could stabilize at $0.00011 as its new floor price, especially after its recent performance against the JPY on Binance Japan.
Shiba Inu has also been actively expanding its partnerships and recently joined the CDSA, a consortium that includes major companies like Netflix, Apple, and Amazon. This partnership aims to leverage Shiba Inu’s Shibarium technology in addressing piracy issues.
Following this, SHIB’s lead developer, Shytoshi Kusama, announced a significant new agreement, highlighting ongoing efforts to enhance SHIB’s market position and utility.