Shiba Inu is currently trading at $0.000013, with four zeros on the chart. The dog-themed token has been trading mostly sideways this month, with few price spikes. SHIB’s last big surge in value came in March of this year, when it surged 280% in one month.
The rally follows Bitcoin’s halving event, which coincided with the ETF’s launch. It’s been six months since the token rose in the index, and the developments are testing investors’ patience.
However, prominent cryptocurrency analyst Krao shared a chart on TradingView and predicted that Shiba Inu price is currently stable. The analyst predicted that once the stabilization phase ends, SHIB may rise and remove the two zeros.
Shiba Inu: SHIB predicted to reach $0.001 in Q1 2025
Crypto analyst Krao predicted that Shiba Inu is on the verge of a price surge. The analyst gave a tentative timeline of targeting $0.001 in January-February 2025, which is another four to five months from today and is considered a short-term hold.
A $1,000 investment today could become $77,000 if the January-February 2025 forecast is accurate. However, a 7,600% surge over the next four to five months seems doubtful given the state of the global market. The Shiba Inu would need to rise at least 1,500% each month for the next five months.
There is no guarantee that SHIB will be able to soar this fast in such a short period of time, the market is volatile and both ways to cause losses to investors are being cut.
We recommend that you do thorough research before taking an entry position on any token. Cryptocurrencies are more likely to fall and lose all previous gains than they are to rise.
