Can Shiba Inu (SHIB) Reach $0.001 This Year? Legendary Investor Shares Opinion

Armando Pantoja (@_TallGuyTycoon) has shocked the crypto world with bold predictions for multiple cryptocurrencies. One notable cryptocurrency on his list is Shiba Inu, which he suggests can reach $0.001 by the end of 2024 or 2025.

This target will require a significant climb for SHIB, as the meme coin is trading at $0.00002529 with a slight decline over the past 24 hours. SHIB will need a remarkable 3,854.1% rally to reach $0.001, deleting two zeros from its current price and blowing its all-time high of $0.00008845 out of the water.

Read Also: Here Are Top Forecasts For Shiba Inu (SHIB) Price to Reach $0.001

Is a 3,854% Surge Possible for Shiba Inu (SHIB)?

While such a significant increase may seem improbable, historical precedent offers some basis for cautious optimism. During the 2021 bull run, SHIB experienced a phenomenal surge of 884,400%, solidifying its place in the cryptocurrency spotlight. Notably, this upswing occurred within ten months, showcasing SHIB’s potential for rapid growth.

There are also hints that SHIB might recreate this remarkable 884,000% surge, potentially making Pantoja’s target a minor footnote in SHIB’s journey.

However, it’s crucial to consider the context behind this past surge. In 2021, SHIB primarily rode the wave of meme-coin popularity with limited utility or real-world applications.

The current landscape for SHIB is demonstrably different. The project has undertaken initiatives to expand its utility beyond its meme-coin origins. Partnerships with various organizations and the launch of utility-driven projects suggest a more robust foundation for future growth.

Pantoja does not provide technical analysis or details on how SHIB can achieve this goal. However, it can be interpreted as an expectation that SHIB can replicate its historical growth pattern within the context of a new bull market fueled by its increasing utility and expanding role in the crypto market.

Read Also: If History Repeats, Shiba Inu (SHIB) Could Surge 2,168% in One Week

Other Opinions on SHIB’s Future

It’s important to acknowledge that other market forecasts for SHIB vary considerably. Platforms like Telegaon offer a more conservative outlook, expecting SHIB to surpass $0.001 by 2035, where it set a maximum price of $0.00216. Telegaon set a maximum price of $0.0000728 for SHIB in 2025.

Increasity (@Increasity), a well-known crypto investor, who has been trading since 2014, shares Pantoja’s optimism. He also expects SHIB to reach $0.001 this bull cycle, which many believe will conclude in 2025.

While past performance suggests the possibility for significant growth, achieving this lofty price point within such a timeframe would require a confluence of favorable market conditions and continued development of SHIB’s utility. However, Shiba Inu’s developers are working hard, and with the community’s support, the meme coin might reach this target.

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