Two leading Bitcoin experts recently published new compelling analysis on OG crypto token Shiba Inu. The experts claim that SHIB is closely aligned with Bitcoin’s movements and may soon breach the $0.04 price level. Let’s take a look at what the analysis says about the future price pace of SHIB.
Bitcoin Expert Analysis and SHIB’s Future Price Trend
Bitcoin Experts Bullish on SHIB
Two prominent Bitcoin experts, Yazan and Williams, appeared on X to share their own price analysis on the next bull cycle. The analysts predicted their respective price targets for multiple cryptocurrencies, including Bitcoin and Shiba Inu.
According to Williams, if Bitcoin hits the $255,000 price level soon, SHIB could easily capture the $0.05 price level.
In addition to this, another crypto analyst, Yazan, also shared his price analysis, adding that if BTC hits the $777,000 price level, SHIB may break through the $0.05 price level.
Current market position of Shiba Inu
Shiba Inu has been stable in the bearish atmosphere for a long time and is trading at a price level of $0.000013. The token’s ecosystem has also launched ShibTorch, a new burning feature for Shibarium, to stabilize the supply and demand and boost the price level.
Lucy’s Marketing Insights
In the midst of all this, Shiba Imu’s Head of Marketing, Lucie, has developed a new trader call to ensure investors feel at ease.
In a recent tweet, Lucy shared that September is often referred to as “Rectember,” or the month to clean out your portfolio. Similarly, she shared that in the crypto world, October is known as “Uptober,” meaning that it’s a profitable month for investors.
“Some people don’t know this 🫢😂 Based on past experience of certain traders. 1. November: – September wipes out portfolios and dreams 2. October: – October brings the long-awaited pu……”
Future price movement of the token
Given the current market momentum and latest price trajectory, SHIB still has a long way to go. According to Finder, the platform’s distinguished panelists have suggested three new price paths that SHIB should gradually garner.
Finders experts announced that SHIB could trade at $0.00001 at the end of 2024. Analysts then announced that SHIB could reach $0.000025 by 2025 and $0.000045 by 2030.
“On average, our panelists believe that the value of a Shiba Inu (SHIB) will be $0.00001 by 2024, rising to $0.000025 in 2025, and $0.000045 in 2030.”
Expert opinion on the future of the Shiba Inu
Experts believe that the popularity of the Shiba Inu and its growing use for practical purposes could push its price even higher in the long term.
“I am optimistic about Shiba Inu’s future price trajectory,” said Sammy Ben Barmed, manager at Sustanakum. “This is based on the expectation that growing utility and adoption of the Shiba Inu ecosystem could drive demand and, consequently, price growth. Additionally, growing interest in decentralized finance (DeFi) and non-fungible tokens (NFTs), which are primarily hosted on the Ethereum blockchain that Shiba Inu leverages, could have a positive impact on its value.”
