Cryptocurrency

Analyst Sets $0.001 Shiba Inu (SHIB) Price After Bitcoin Halving

With the anticipated Bitcoin halving inching closer, cryptocurrency enthusiasts are eagerly awaiting its potential impact on the market, particularly for altcoins like Shiba Inu (SHIB). Industry experts have issued a range of predictions for SHIB’s post-halving performance, with some analysts expressing significant optimism.

$0.001 and Beyond?

Armando Pantoja (@_TallGuyTycoon), a prominent crypto analyst, has thrown his hat in the prediction race with a recent post on X.

Read Also: Google Gemini Predicts XRP Price If Bitcoin Hit $400,000 After Halving 

Pantoja set a bold target for Shiba Inu, projecting its price to surpass $0.001 following the halving event. This prediction aligns with similar forecasts from another prominent analyst who believes SHIB can reach $0.001 in the current bullish cycle.

However, achieving this target would necessitate a substantial price increase for SHIB. The digital asset is trading at $0.00002743. A surge to $0.001 would require a staggering 3,545% climb. SHIB has climbed 2.34% in the past 24 hours, and this small sign of recovery has renewed hope of larger climbs soon.

Understanding the Bitcoin Halving and its Potential Impact

For those unfamiliar with the concept, the Bitcoin halving is a pre-programmed event within Bitcoin’s code that halves miner rewards roughly every four years. The upcoming halving is expected to occur around April 20, 2024. This event reduces the rate at which new Bitcoins enter circulation, potentially influencing its price due to principles of supply and demand.

Historically, the three previous Bitcoin halvings have coincided with bullish surges in the cryptocurrency market. Analysts anticipate the upcoming halving might replicate this trend, potentially triggering a positive price movement for altcoins like SHIB.

Read Also: Three Developments To Send Terra Classic (LUNC) to $0.01 After Bitcoin Halving

Other Varying Predictions

While some analysts hold a bullish outlook for SHIB post-halving, others maintain a more cautious perspective. For instance, cryptocurrency exchange Changelly predicts that SHIB might not reach the $0.001 target before 2033. However, ChatGPT believes SHIB can achieve this target sooner.

While some analysts express optimism, projecting a surge towards $0.001 or above, others maintain a more conservative outlook. Despite the uncertainty, more analysts seem to lean toward bullish predictions, suggesting SHIB could soon experience a significant surge.

The Shiba Inu ecosystem is also rapidly developing, further bolstering the bullish sentiment. While no one can predict SHIB’s price after the halving with 100% certainty, the consensus is that the meme coin has a bright future.


Follow us on Twitter, Facebook, Telegram, and Google News

Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

Recent Posts

Binance Coin Hits New Highs, Ripple (XRP)’s SEC Drama Continues: Why Furrever Token Could Be the Sleeper Hit?

Many cryptos are seeing green with the start of the week, igniting optimism across the…

1 hour ago

Projected Timeline For XRP to Hit $1 Based On Two Major Factors

XRP, the top option for cross-border payments in the cryptocurrency market, has not had an…

2 hours ago

Shiba Inu (SHIB) Price Prediction: Analyst Spots Bullish Pennant. Here’s the Significance

Shiba Inu (SHIB) recently drew the attention of Clifton fx (@clifton_ideas), a prominent analyst on…

3 hours ago

Highest ROI Crypto: Investors Pick BlockDAG’s $28.5M Presale Amidst Poilkadot and Avalanche’s Price Looks for Recovery

Polkadot and Avalanche are showing signs of recovery from their recent slump. Investors are now…

3 hours ago

Bitboy Discusses Looming Ripple-SEC Case Settlement, Sees Massive XRP Rally

Prominent crypto influencer Ben Armstrong, known online as Bitboy Crypto, has offered a ray of…

4 hours ago

Analyst Says Calculated Move Could Send XRP Up 1,000%. Here’s how

XRP has been the subject of much debate within the cryptocurrency community. While some remain…

4 hours ago