thecryptobasic.com
Market experts have disclosed what they believe the price of Shiba Inu (SHIB) will be by the end of this year.
Shiba Inu remains one of the most popular cryptocurrencies in the market, with multiple speculations on what its price will be at different times in the future.
Of the many indices that point to the likelihood of Shiba Inu maintaining its current bullish run and hitting new milestones include its strong correlation with Bitcoin coming in at 0.92.
This correlation might help Shiba Inu trail a similar growth path to Bitcoin, the premier asset currently trading at its All-Time High (ATH) above $72,000.
For now, the primary focus of the Shib Army is to outrank Dogecoin (DOGE) and breach multiple pivotal milestones in the long term. Here’s what experts think 2024 holds for SHIB.
Shiba Inu’s Projected Target For 2024
Drawing insights from two experts, Shiba Inu is likely to trade between two extremes with a positive and negative twist to the price trend.
Alexander Kuptsikevich, a Senior Market Researcher at FxPro believes Shiba Inu has what it takes not just to retest its ATH of $0.00008845 but to also erase one zero to trade as high as $0.0001 by year-end.
Alexander noted that while Shiba Inu is not likely to trade as high as it did in the 2021 market cycle, “it can ride the future waves of the crypto market.”
Finder, a coalition of industry experts, is not as optimistic about the future price of SHIB. The platform pegged the year-end target for Shiba Inu at $0.00001, meaning the digital currency is on track to plummet by about 34.26% from its current price of $0.00003426.
Counterbalancing SHIB Predictions
In addition, Finder noted that it anticipates the price of SHIB to drop as low as $0.000025 by 2025 with a mildly optimistic target of $0.000045 by 2030.
However, unlike Finder, other analytics platforms like Changelly are more bullish with the projection that SHIB will rather trade at a maximum price of $0.0005789421 by 2030