Shiba Inu (SHIB) has been caught in a persistent correction for over a week, giving up crucial support levels, including the psychological $0.00002 mark. Despite these bearish price movements, some market analysts remain confident about SHIB’s long-term potential. Among them is Shib Knight, a popular community figure with nearly half a million followers on X, who has bold predictions for Shiba Inu’s future price trajectory.
Shib Knight, known for his optimism, continues to maintain that SHIB could reach $0.001, despite recent price declines. His stance is based on the coin’s overall upward trajectory, including a significant 142% surge from last August’s price of $0.00001380 to its peak of $0.00003343 in December. Although the price has dropped from this high, SHIB is still up 34% from Shib Knight’s original prediction, suggesting that the coin is better positioned now than it was months ago.
$0.0001 is quite realistic for $SHIB
— $SHIB KNIGHT (@army_shiba) August 31, 2024
$0.001 is possible! 💪🏻 pic.twitter.com/BCSD2INgXB
To reach the ambitious $0.001 price target, SHIB would need a staggering 5,308% increase from its current price of $0.00001849. However, Shib Knight also sees $0.0001 as a more achievable near-term target, calling it “quite realistic.” SHIB’s closest attempt to hit this level was in October 2021 when it reached an all-time high of $0.00008845. With the current market conditions, a 13% rally to $0.0001 is now considered a likely scenario by many analysts.
Mama Whale, another prominent community pundit, also believes in SHIB’s potential. Last December, Mama Whale shared a chart illustrating SHIB’s impressive rise from $0.000000000510 in August 2020 to $0.0000073 by September 2023. They predict that Shiba Inu could hit $0.0001 by February 2025, with further price targets of $0.0005 by March and $0.001 by April 2025. However, given the current market volatility, these predictions remain uncertain, and investors should exercise caution.
🚨 THE LEGEND OF $SHIB: HISTORY WILL REPEAT ITSELF
— Meme whale# (@Salah3436797099) December 24, 2024
~~~~~~~~~~~~~~~~~~~~$SHIB BLUEPRINT 2025🦊
~~~~~~~~~~~~~~~~~~~~
> 2025 January all time high
> 2025 February $0.0001+
> 2025 March $0.0005+
> 2025 april $0.001+
✨️ $SHIB $0.01 ✨️Q1 2025$shib #1centdream #soon pic.twitter.com/Gj4hcUlG4v
Despite the recent price correction, SHIB enthusiasts continue to hold on to hopes of a future rally, with $0.0001 appearing to be the more achievable milestone in the short term.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Shiba Inu Whale Invests $4.6M in SHIB Amid Price Drop, Fuels Bullish Momentum