Shiba Inu Price Prediction 2024 – 2025: Is $0.1 Within Reach for SHIB? What’s the Possibility of a Price Breakout in the Next Bull Run?
Shiba Inu (SHIB) was the crypto sensation of 2020, and its price is still influenced by many factors, like market vibes, supply and demand, and ecosystem updates. Now, with the crypto market getting wilder, meme coins like SHIB are ready to ride the next big wave – and who knows, maybe even hit $0.1. Let’s see how.
SHIB’s short-lived joyride
Shiba Inu (SHIB) is currently trading at $0.0000178 but is expected to rise by 5.33% to $0.0000183 by August 6, data from Coinfomania shows as of writing. Albeit, technical indicators suggest it might be a good time to sell. Looking back, SHIB has had a pretty evenly split month, with 15 out of 30 days seeing gains — that’s a 50% success rate!
Shiba Inu (SHIB) price chart. Source: Coinfomania
The price has been fluctuating moderately, with a 5.54% volatility rate. In the last 24 hours, SHIB has seen a nice 3.78% bump. As of now, the market cap is sitting at $10.49 billion, with over 589 trillion coins in circulation (out of a total possible 999 trillion.
Source: Coinfomania
After slicing through the channel, the Shiba Inu price is experiencing a slight pullback. Yet, after a small retest, the price surge is expected to resume this week. The levels around $0.00005702 are very dire as SHIB needs to overrun and chill above these levels to maintain a healthy climb.
2024-25 may be for the ‘bulls’
Coinfomania’s crypto market forecast, which uses advanced Machine Learning, suggests Shiba Inu’s price will soar to a high of $0.0000368 in 2025. Nevertheless, there’s also a chance it could bottom to $0.0000209. On average, we expect SHIB to tank around $0.0000324 throughout the year.
In comparison, Changelly’s crypto experts predict Shiba Inu’s price will change hands between $0.0000339966 and $0.0000389961 in 2024, with a flat price of $0.0000359964. In 2025, they expect a rise, with a bottom of $0.0000489951, a mid-price of $0.000049995, and a peak of $0.000059994. These predictions suggest steady growth for SHIB.
A source suggests that Shiba Inu could eye $0.00004930 in the next two years. That’s a jump and ROI of nearly six-fold from its price now.
Himanshu Maradiya, founder and chairman of CIFDAQ Blockchain Ecosystem, stated that predicting the future price of Shiba Inu (SHIB) is challenging due to its highly speculative nature and the volatility inherent in the cryptocurrency market. A figure close to home for Shiba Inu’s price by 2024-2025 is from $0.0001 to $0.0003, assuming favorable market conditions and continued development within its ecosystem.
Is $0.1 within reach for SHIB?
To answer whether SHIB can reach the $0.1 mark, Yahoo Finance believes that if it reaches $0.01, Shiba Inu would require nothing short of astronomical growth. More simply, a 100-fold increase would barely bring it to $0.001, which is still just a tenth of the desired value. The Motley Fool also states that Shiba Inu’s massive supply makes the prospect of $1 virtually impossible. To do so, the token would need to increase by an astounding 9,816,570%.
Any possibility of a price breakout in the next bull run, then?
The crypto market is finally thawing out after a long, cold winter! Analyst Javon Marks thinks he’s seen a sign that SHIB is ready to make a big move – a “bull flag” that could send its price soaring. This breakout, he argues, could lead to a significant rally, and SHIB may see a more than 210% run to the $0.000081 target, which is over three times its current price.
The post Shiba Inu Price Prediction 2024 – 2025: Is $0.1 Within Reach for SHIB? What’s the Possibility of a Price Breakout in the Next Bull Run? appeared first on Coinfomania.
