dark
Hand-Picked Top-Read Stories
Trending Tags
2 minute read

Shiba Inu: What Could a $1,000 SHIB Investment Yield in 2025?

Vignesh Karunanidhi
Vignesh Karunanidhi
January 17, 2024
With Shiba Inu (SHIB) recently erasing one zero from its price, a top market analyst has uncovered the key target and support levels to watch out for going forward. Shiba Inu price erased one zero to trade at a 24-hour high of $0.00001462. Though the token had shown signs of an imminent rally for weeks, the current market momentum pushed its price to the highest level in more than 52 weeks. Judging by the current outlook, market analyst SHIB KNIGHT affirmed that Shiba Inu has surpassed all of his previous targets. To showcase the confidence in the current uptrend, SHIB KNIGHT dropped new targets and support levels to watch. Shiba Inu to $0.00001668? Per an accompanying price chart, the 3 targets and support levels unveiled are relatively bullish, as none of the latter targets shows a slump below the $0.00001 level. According to $SHIB KNIGHT, the current momentum might push Shiba Inu to $0.00001466, a price point that will slightly outpace the 52-week high. On a more promising basis, the analyst foresees SHIB soaring to $0.00001545, a level that is about 9.886% from the current level. SHIB KNIGHT is also optimistic Shiba Inu could rally as high as $0.00001668 and even beyond, per earlier projections. Though the potential timeline to achieve this feat was not highlighted, the projections have set the community on edge with pent-up anticipation of what to watch out for. Cautionary SHIB Note Amid the bullish targets, SHIB KNIGHT left room for unforeseen circumstances that might trigger a reversal in Shiba Inu’s uptrend. At the time of writing, Shiba Inu has maintained a 24-hour growth of 13.06%, taking its price and market cap to $0.00001409 and $8,285,705,642 respectively. Exactly $2,271,151,442 SHIB has been traded within the same time span. There are no guarantees that the market would not record a correction. Riding on this, SHIB KNIGHT pegged the first support level at $0.00001343 with a subsequent target of $0.00001306 if the selloffs persist. To cap his bullish disposition, the analyst believes the support zone at $0.00001258 is a formidable one for SHIB, a point at which another trend reversal might be recorded.

Shiba Inu has recently exhibited a decent rally in 2024. This recent rally has sparked renewed interest and speculation about the coin’s potential trajectory leading up to 2025. What could a $1,000 investment in Shiba Inu Coin look like by 2025?

Shiba Inu showing rising optimism in 2024

Enthusiasts within the SHIB community express strong beliefs that the meme coin could not only reclaim but surpass its all-time high price of $0.00008616 by 2025. This optimism has led many to ponder the hypothetical gains one might reap by investing today and holding until the speculated peak.

Also read: What Could a $1,000 BONK Investment Yield in 2025?

Shiba Inu: Next Shibarium Hard Fork Will Make It Faster

If an investor were to make a $1,000 investment in Shiba Inu at its current price of $0.000009685, they would acquire a substantial 103,238,363.58 coins. While this might seem like an impressive sum, it’s crucial to acknowledge Shiba Inu’s ambitious maximum supply.

How much would a $1000 SHIB investment be worth in 2025?

Techopedia offers a prediction of Shiba Inu’s price in 2025 and what a $1,000 investment today would be worth by then. Should SHIB indeed reach the predicted price of $0.000068832 by 2025, those initially acquired 103,238,363.58 coins could transform into a noteworthy total of $7106. This implies a substantial, nearly 7X return on the initial investment, assuming the coin revisits its previous peak value.

However, it’s paramount for potential investors to exercise prudence. Cryptocurrency investments inherently carry risks, and SHIB is no exception. As with any financial endeavor, conducting thorough research is imperative. Understanding the intricacies of the project, the dynamics of its community, and the inherent risks involved is crucial.

Also read: Shiba Inu: Man Makes $1.7 Million With a $650 Investment in SHIB

For those undeterred by risk and enticed by the potential rewards, the current prices of Shiba Inu could present an intriguing speculative opportunity. It’s a reminder, however, to adhere to the golden rule of crypto investing: only invest what one can afford to lose entirely.

Tweet
Share
Share
Share