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Shiba Inu’s lead, Shytoshi Kusama, proposed a blockchain-backed economic plan for Trump. Can it raise the SHIB price to $0.0001?
Shiba Inu (SHIB) has experienced big gains following Donald Trump’s re-election as the 47th president of the United States. SHIB, which moved close to adding another zero to its price in early September, is hovering around the $0.000025 level.
Interestingly, some community members are confident that the recent surge marks the beginning of a major rally for Shiba Inu. They project that Trump’s victory, alongside other developments like Shytoshi Kusama’s S.H.I.B proposal, might take Shiba Inu to loftier targets like $0.0001.
Kusama Economic Proposal to Trump
On Election Day, November 5, Shiba Inu’s leader, Shytoshi Kusama, proposed an initiative to the next U.S. president, dubbed Strategic Hub for Innovation in Blockchain (S.H.I.B)
The $2.35 billion plan requires the incoming administration to develop a Silicon Valley for blockchain, where the technology would be used to boost the U.S. economy and create jobs. Per Kusama’s projection, the plan could generate an annual revenue of $5 billion while creating 20,000 jobs.
Given Trump’s pro-crypto stance, Kusama’s S.H.I.B proposal has a higher chance of adoption under his administration compared to its potential success under a Kamala Harris-led government.
Shiba Inu’s Potential Rise to $0.0001
The potential adoption of this proposal could put Shiba Inu in the limelight, boosting its price to the much-coveted $0.0001 target. Hitting the $0.0001 target requires Shiba Inu to rally 413.87% from its current price. It would mark a new all-time high (ATH) for SHIB, surpassing the previous record of $0.00008616.
At a price of $0.0001, Shiba Inu’s market cap would surge to $58.92 billion from the current $11.41 billion.
SHIB $0.0001 Predictions
The $0.0001 prediction has been gaining popularity within the Shiba Inu community. Several experts project that SHIB will hit the target in this bull run. However, others believe it could take longer for the prediction to materialize.
Earlier this year, analysts from popular media outlet Forbes projected that Shiba Inu would hit the $0.0001 target on or before 2025 end. Interestingly, these experts believe that SHIB’s price might spike all the way to $0.0003 within this period.
Seasoned crypto analyst Eunice Wong forecasted that the $0.0001 target might become a reality in the second phase of the 2024/2025 bull run.
However, experts from crypto trading firm Changelly do not think Shiba Inu will hit the $0.0001 target anytime soon. According to their latest prediction, SHIB will surge to this level by 2027, potentially hitting a minimum target of $0.000103. This prediction aligns with their previous target set earlier this year in July.
It remains to be seen whether Trump will adopt Kusama’s economic proposal. Hence, it is imperative to invest with caution to avoid incurring significant losses.