Crypto Analyst Says Shiba Inu Price Is 100% Going To $0.0001, Here’s Why

A crypto analyst has made a bullish prediction about Shiba Inu, highlighting the immense income buyers may doubtlessly reap if the cryptocurrency’s value experiences this exponential development. 

Shiba Inu Roadmap To $0.0001

In a latest X (previously Twitter) publish, cryptocurrency investor and analyst, Oscar Ramos expressed robust perception within the bullish outlook for Shiba Inu, predicting that the worth of the doggy-themed memecoin may shed off a zero to realize a value of $0.0001. The crypto analyst asserts a 100% chance of Shiba Inu ascending to this value degree throughout the 2024 bullish cycle.

Ramos based mostly his forecasts on Shiba Inu’s historic value actions, emphasizing the cryptocurrency’s large rally to an all-time excessive of $0.00008 in October 2021. The analyst has recommended that SHIB may expertise explosive value development if fuelled by an optimum mixture of hype, momentum and Worry Of Lacking Out (FOMO). 

He additionally disclosed that the involvement of retail buyers may have a notable affect on SHIB’s market dynamics, predicting {that a} substantial inflow of retail funds into SHIB may propel the cryptocurrency’s value to $0.0001.

Sharing a value chart of SHIB, Ramos famous that the cryptocurrency is at present in its candle week, anticipating a possible surge of over 140% from $0.00008 to $0.0002. He highlighted that Shiba Inu has been steadily advancing in direction of this value degree, demonstrating a noteworthy bullish trajectory, even earlier than the altcoin season and the 2024 Bitcoin halving.

The crypto investor has underscored the appreciable revenue potential for Shiba Inu buyers, emphasizing that buyers who had initially bought the token at $0.00008 would now be reaping positive aspects of over 150% in worth. 

SHIB’s $1 Worth Surge Stays Unsure

In his forecasts, Ramos revealed that reaching the coveted $1 or $0.1 value mark for Shiba Inu was unlikely throughout this bullish cycle. 

The analyst identified the restricted influence of SHIB burns in enhancing the cryptocurrency’s worth, citing SHIB’s in depth whole provide extending to trillions of tokens. He additionally identified that Shiba Inu “should have a complete market capitalization of over $60 billion” earlier than it might probably attain a value of $0.0001. 

Regardless of his reservations about SHIB’s potential to achieve $1, the crypto analyst has disclosed potentialities for SHIB to surpass his earlier predictions of $0.0001. 

Ramos has recommended that if Shiba Inu undergoes unprecedented development, reaching an explosive value of $0.002 throughout the altcoin season, it may signify the cryptocurrency’s peak value. He suggested buyers to exit the market throughout this time earlier than a possible value correction happens. 

SHIB value at $0.00004 | Supply: SHIBUSDT on Tradingview.com

Featured picture from Cash.ph, chart from Tradingview.com