Crypto Analyst Predicts Shiba Inu Price To Rise 5000% To $0.001 – Here’s When
08 April 2024 - 7:30PM
NEWSBTC
Crypto analyst Armando Pantoja recently outlined his price targets
for several crypto tokens after the fast-approaching Bitcoin
Halving. Although he included price targets for Bitcoin and
Ethereum, his ambitious price target for Shiba Inu (SHIB) was what
caught the attention of the crypto community. Shiba Inu To
Hit $0.001 After The Halving Pantoja predicted in an X (formerly
Twitter) post that Shiba Inu could rise to $0.001 after the Bitcoin
Halving occurs later this month. As expected, this price prediction
has raised eyebrows, considering SHIB’s current price level.
Moreover, a rise to $0.001 represents a 5,000% gain for the meme
coin, which already looked to have used up its bullish momentum in
the 2021 bull run when it recorded a price increase of 46,000,000%.
Related Reading: ADA Price Ready To Soar As Cardano Network Hits
New 88.6 Million Transaction Milestone Interestingly, Pantoja’s
prediction isn’t the most bullish price prediction made for Shiba
Inu so far. Crypto analyst Ali Martinez previously predicted that
the meme coin could rise to as high as $0.011, although he didn’t
state when exactly this would happen. Some other crypto analysts
have also given their thoughts on SHIB’s future trajectory,
although not as bullish as Pantoja and Martinez’s
predictions. Pseudonymous crypto analyst and trader Xanrox
predicted that SHIB could see a 300% gain before year-end.
Additionally, he suggested that the meme coin could see a new
all-time high of $0.00008854. Crypto analyst Javon Marks also
predicted that Shiba Inu could rise to as high as $0.0001553 at
some point in this market cycle. Crypto analyst Altcoin
Sherpa, for his part, cautioned crypto investors against expecting
similar returns to the one SHIB recorded in the last bull run. He
stated that those investing in the meme coin are unlikely to see as
much as a 20 times return on their investment. XRP To Rise To
$10 Pantoja also predicted that XRP could rise to between $3 and
$10 after the Halving. This is another eye-catching price
prediction considering XRP’s current price level and how much the
crypto token has continued to lag despite the impressive gains
recorded in the broader crypto market. Related Reading:
Breakout Of The Year? Crypto Analyst Predicts Where NEAR Is Headed
Next However, Pantoja isn’t the only crypto analyst who believes
that XRP could rise to $10. Crypto analyst CrediBULL Crypto
recently mentioned that XRP rising to $10 is possible since
Ethereum rising to $10,000 is feasible. Nick, the founder of
Web3Alert, also shares similar sentiments. He previously predicted
that XRP could rise to $10 based on predictions that Bitcoin and
Ethereum will rise to $150,000 and $10,000, respectively.
This might also have been why Pantoja predicted that XRP could
attain this price level; he also predicted that Bitcoin could rise
to between $150,000 and $250,000 while Ethereum could rise to
between $10,000 and $20,000. SHIB price begins to show
strength | Source: SHIBUSDT on Tradingview.com Featured image from
Coinpedia, chart from Tradingview.com
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