Shiba Inu is among the top-performing cryptocurrencies this month as it spiked more than 250% in just 14 days. SHIB is attracting heavy bullish sentiments and is bringing memories of the 2021 bull run. For the uninitiated, Shiba Inu had spiked 1,000% in just one month in October 2021 and reached its all-time high of $0.00008616.
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If that wasn’t enough, SHIB had also spiked 85,000,000% (85 million percent) between August 2020 to October 2021. SHIB made early holders turn millionaires with a mere investment of $1,000 and more. Read here to know how an investor made $1 million with an investment of $8,000 between 2020 and 2021.
Shiba Inu: SHIB Could Repeat Its 2021 Price Run, Rally 822% & Reach $0.00029, Predicts Analyst
Leading cryptocurrency analyst Alan Santana has predicted that Shiba Inu could rally another 822% from its current price of $0.000031. The analyst shared a chart on TradingView indicating that SHIB might soon take off leaving its current price much behind. Now that Shiba Inu remains in the green, the token could maintain its momentum and rally in the indices.
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According to his price prediction, SHIB could go 6x from here with a potential rise of 822%, he wrote. Therefore, SHIB’s price could hit a new all-time high of $0.00029, he forecasted. On the downside, if the cryptocurrency market dips, he urged investors to keep a stop-loss at the $0.00000722 level.
However, he explained that the forecast is for long-term holders only and investors who aim to make quick money must not pay heed. He also stressed that this could be the “final call before take-off” that could make SHIB surge in price.
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At press time, Shiba Inu was trading at $0.000031 and is down nearly 10% in the 24-hours day trade. Moreover, SHIB is also down close to 63% from its all-time high of $0.00008616, which it reached in October 2021.