Shiba Inu Could Reach $0.0001 By the End of 2021, Claims Financial Analyst

Vinod Dsouza
Shiba Inu Token
Source: Pixabay

Shiba Inu grew exponentially in October 2021 as it spiked +900% in just 30-trading days. The stellar rise made SHIB the talk of the town in the crypto sphere. ICO Analytics released a data showing Shiba Inu was the most mentioned crypto on Twitter defeating giants Bitcoin and Ethereum.

However, its phenomenal rise came to a screeching halt in November as the coin is down more than -50%. The steep fall is now making investors to wait for further dips before throwing in their money on the token. The more ‘sell’ pressure the token attracts, the further its price dips in the coming days.

Nonetheless, a financial analyst revealed that SHIB’s downward trend is only temporary and it could pick up steam soon. The analyst stated that SHIB is less than two years old and one cannot write it off easily.

”The current fall in Shiba price is having most investors wondering if the coin is already past its prime. Objectively, the answer is no. It is still too early to write off a coin that is less than 2 years old in the market. Any experienced trader would agree this is just the beginning,” said the analyst in Contents Space.

”There is no doubt the recent fall in price will not continue indefinitely. At some point, the price is going to reverse with the right bullish momentum. This is normal in these types of markets where prices regularly move up and down. Any new price rally could see the price of SHIB getting to the sentimental value of 0.0001 dollars. This will be a new all-time high and represents a new milestone in the journey of getting the coin to 1 cent,” the analyst summed it up in Contents Space.

Shiba Inu: The 1 Cent Dream

Majority of investors are hoping and praying for SHIB to breach the 1 Cent mark soon. The $0.01 milestone can turn investors millionaires and lead them to a path of financial freedom. While some want to buy a house, the others want to experience peace and tranquility of not ‘breaking their backs’ to make a decent living.

SHIB carries a million dreams with it and its price movements are the heartbeat of a million investors. Crypto analyst Del Crxpto coined the phrase ‘1 Cent Dream’ and it caught up like a hurricane of social media.

Will SHIB reach the 1 Cent milestone? Only time will tell. Shiba Inu at the time of pulishing was trading at $0.00004359 and is down -5.85% in the day trade. Despite being down, the token has bullish sentiments and could propel to new highs by the end of the year.