Shiba Inu: SHIB To Surge 400%, Trade At $0.000081, Analyst Predicts

Juhi Mirza
shiba inu bokeh lights shib
Source: Pixabay

Price predictions in the cryptocurrency realm play a vital role in helping investors track their investment journey. In one such prediction, notable crypto analyst Javon Marks shared how Shiba Inu is following its organic price path and may soon note a 400% rally in its price, a prediction that each SHIB enthusiast is looking forward to.

Shiba Inu To Rally 400%, Analyst Says

shiba inu shib coin
Source: DailyHodl

To elaborate more on details, notable crypto analyst Javon Marks took to X to share a bullish price prediction for SHIB. Per the analyst, SHIB could soon climb a staggering 406% to trade at a stellar price pedestal of $0.000081. The analyst believes that SHIB is consistently working its way to ascend to the top. The token has recently broken a key resistance level, which compelled the analyst to make the bold prediction.

“Shiba Inu’s target at $0.000081 has not changed as prices continue to hold well-broken free of the once-clear trend. With this being, this could entail an over 405% run from here to be in development to reach this target. A >5X may be awaiting Shiba!”

Mark’s new prediction about Shiba Inu has sent waves of frenzy within the Shib community. Several crypto enthusiasts were noted making comments on Mark’s post, adding how excited they were about the impending SHIB rally.

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At the same time, the Shiba inu one-cent dream is the core phenomenon, which has lately been driving the token to reach new highs. However, per technical platforms, the coin will need to surge by nearly 62,000% to reach the $0.01 price level.

“Shiba Inu would need to gain 62,822.95% to reach $0.01. According to our Shiba Inu prediction algorithm, the price of Shiba Inu will not reach $0.01. The highest expected price our algorithm estimates is $0.002168 by January 1, 2049.”

Mark’s bold price prediction was later reposted by Lucie, Shiba Inu’s marketing lead on X. The repost was a subtle acknowledgment of how the asset’s future price path appears promising to many crypto analysts, experts, and enthusiasts.

July Price Prediction

The month of July seems to bring mixed signals for the token. At one point, technical platforms like CoinCodex predict SHIB to ascent and trade at $0.00002548 by July 15.

“The Shiba Inu price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these projections, SHIB will be changing hands at $0.00002548 on July 15, 2024, gaining 63.63% in the process.”

On the other hand, SHIB may note an additional downturn of 4% by the end of July to trade at a bearish price pedestal of $0.00001486.

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“According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to drop by -4.54% and reach $0.00001486 by August 7, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 28 (fear). Shiba Inu recorded 12/30 (40%) green days with 13.25% price volatility over the last 30 days.”