Shiba Inu is currently trading at the $0.000012 mark on Wednesday and is mostly moving sideways in the charts. A recent price analysis from a cryptocurrency expert indicates that SHIB has room for a 500% jump from here. The latest forecast estimates that the token will come close to its all-time high of $0.00008616, which it reached in October 2021.
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The analyst explained that Shiba Inu is consolidating its prices and could soon experience a breakout in the charts. This makes SHIB a must-have cryptocurrency in investors’ wallets as it could be poised to generate bigger profits. Taking an entry position now could be lucrative if the analysts’ price prediction turns out to be accurate.
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Shiba Inu: 500% Rise Projected For SHIB
Leading cryptocurrency analyst Javon Marks shared a chart on X predicting that Shiba Inu could surge 500% next. “We maintain our $0.000081 breakout target for SHIB, projecting a nearly +500% uphill run to reach it,” he wrote. The price target comes close to its ATH of $0.00008616 but might be able to breach it. Read here to know when SHIB might delete its next zero in the indices.
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We maintain our $0.000081 breakout target for $SHIB (Shiba Inu), projecting a nearly +500% uphill run to reach it… https://t.co/8OdILFYB5q pic.twitter.com/jTxSAGqiWA
— JAVON⚡️MARKS (@JavonTM1) May 3, 2025
The last time Shiba Inu had skyrocketed over 500% was in October 2021 when it hit a new ATH. It surged around 1,000% in a month but failed to replicate its run since then. The highest it spiked was around 280% last March on the heels of the Bitcoin halving. SHIB has barely surged after the events and remains at the mercy of the broader market’s performance.
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Read here to know the two major takeaways traders need to know before investing in SHIB in 2025. The markets are on a different cycle as trade wars and tariffs control the prices. Navigating carefully in Shiba Inu during this period of uncertainty is the key to maintaining a balance between risk and greed.