Shiba Inu, the popular memecoin, has remained a focal point of investor discussions since its meteoric rise in 2021, when it delivered an unprecedented 45,000,000% gain. Many holders anticipate another major rally, with a $0.001 price target dominating expectations.
Currently trading at $0.00001281, SHIB must increase by over 7,000% to reach this milestone. Multiple analysts have shared projections suggesting that such a surge could be possible under specific market conditions. Below is a breakdown of some key predictions made over the past year regarding SHIB’s potential to hit $0.001.
Crypto Sheriff – October 2024
In October 2024, market analyst Crypto Sheriff suggested that SHIB was in a strong position to begin a rally toward $0.001. This prediction came after the token broke out of a descending triangle pattern that had emerged since the previous month. At that time, Crypto Sheriff identified key resistance levels at $0.00002, $0.0002, and ultimately $0.001. SHIB was trading at $0.00001855 when this analysis was published.
LuckSide Crypto – September 2024
One month earlier, LuckSide Crypto, a widely followed cryptocurrency YouTuber, also projected a breakout for SHIB. His forecast was based on increasing whale accumulation and the observation that SHIB faced minimal resistance in its upward trajectory. He highlighted $0.000016 as a crucial resistance level that needed to be surpassed for SHIB to gain momentum.
Krao – September 2024
Another respected analyst, Krao, echoed this sentiment in September 2024. He analyzed SHIB’s monthly candlestick chart, noting that the token had been in a downtrend since 2021. According to his projection, if SHIB successfully broke out of this pattern, it could reach $0.001 between January and February 2025. However, as of March 7, 2025, this prediction has yet to materialize.
Armando Pantoja – August 2024
In August 2024, Armando Pantoja anticipated a surge in market excitement around SHIB, driven by fear of missing out (FOMO). He argued that a relative strength index (RSI) divergence and a descending channel breakout on SHIB’s daily chart suggested an upcoming rally to $0.001.
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Coinpedia Markets – July 2024
In July 2024, Coinpedia Markets published an analysis predicting that SHIB could experience a 10x to 100x price increase. This prediction was based on anticipation surrounding the potential approval of exchange-traded funds (ETFs) that track Ethereum’s spot price. Analysts suggested that institutional investments in Ethereum could lead to a broader market rally, benefiting correlated assets like SHIB. If this projection had materialized, SHIB’s price would have ranged between $0.0001679 and $0.001679.
Is $0.001 Feasible?
While these predictions have generated excitement, achieving a price of $0.001 presents significant challenges. SHIB currently has a circulating supply of 589 trillion tokens, meaning that reaching $0.001 would require a market capitalization of approximately $589 billion—a valuation higher than that of many of the world’s largest financial institutions.
A significant decrease in SHIB’s circulating supply could be a key driver of this potential price surge. Some analysts believe that token burns, particularly those associated with SHIB’s Layer 2 blockchain, Shibarium, are important in reducing circulating supply and driving demand. However, the scale of token burns required to support a sustainable move to $0.001 remains a topic of debate.
SHIB’s journey to $0.001 is a topic of ongoing speculation among investors and analysts. While several experts have predicted a breakout, the feasibility of reaching this target depends on multiple factors, including market sentiment, whale activity, token burns, and broader crypto trends. Although past forecasts have suggested timelines for such a surge, as of March 2025, none have yet come to fruition. Investors should approach these predictions prudently and consider all market dynamics before making investment decisions.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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