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Notable crypto investor Increasity expects Shiba Inu (SHIB) to clinch this bull season’s coveted $0.001 price level.
In the wake of the latest bull run, top market analysts have been making favorable predictions regarding the performance of various crypto assets, including Shiba Inu.
SHIB to Hit $0.001 This Season
While most analysts see SHIB breaching its previous ATH in this cycle, some experts have further set lofty price targets for the token. In a few of these projections, the analysts expect Shiba Inu to surge to $0.001 at the peak of this bull run.
This prediction was recently shared by Increasity, a popular crypto community figure who has been investing in digital assets since 2014. In a recent X post, Increasity gave his bull phase prediction for the top crypto assets.
Notably, the expert sees Bitcoin surging above $100K, Ethereum rising to the $10K mark, Binance Coin (BNB) at $1,000, and Shiba Inu hitting the coveted $0.001 price.
My crypto predictions for this cycle:#Bitcoin: $100,000+#Ethereum : $10,000#BNB: $1,000#EGLD : $1,000$WAN : $200+$GAL : $200+$MINA : $100$VOXEL : $100$ADA : $6$XRP : $6$JASMY $3$Shib: $0.001
Let me know if there's anything I'm missing here
👇— Increasity (@Increasity) March 23, 2024
Other Analysts Provide Potential Timelines for SHIB Surge to $0.001
It bears mentioning that analysts have always been optimistic about SHIB claiming the ambitious $0.001 price. However, only a few experts think Shiba Inu might achieve the feat in this bull cycle.
For instance, analysts at leading crypto platform Changelly predicted that Shiba Inu would clinch the coveted price of $0.001 by 2033, nine years from now.
Also, crypto analytics platform Telegaon expects Shiba Inu to reach the $0.001 threshold between 2031 and 2035. Interestingly, Increasity thinks Shiba Inu would attain the $0.001 price level in this bull cycle, much earlier than these platforms predict.
SHIB Marketing Lead Price Projections
As reported earlier, some experts, including marketing lead Lucie, expect SHIB to reach a new all-time high (ATH) in this bull cycle. The previous ATH of $0.00008845 was set on October 28, 2022. However, SHIB is currently down 68.26% from this value.
Meanwhile, Lucie also provided a higher target for Shiba Inu, emphasizing that SHIB will reach $0.01 in the future. While she does not expect Shiba Inu to rally towards the $0.01 price territory immediately, she believes that SHIB will eventually achieve the feat someday. “Everything takes time,” she echoed.
Can Shiba Inu Replicate Its 2021 Rally This Season?
During bull seasons, the prices of various crypto assets usually skyrocket tremendously, setting new all-time highs. For instance, Shiba Inu rallied significantly in the 2021 bull cycle and eventually peaked at $0.00008845 in October 2021.
Several crypto proponents expect the canine-themed token to replicate the feat in this bull season. Shiba Inu recently demonstrated its prowess in generating impressive gains during a bull market when it rallied over 350% to around $0.000045 in just eight days this month.
Interestingly, several proponents believe Shiba Inu’s rally earlier this month is just the tip of the iceberg of what will come at the peak of the bull run. Based on this positive outlook, Shiba Inu might end up clinching the $0.001 price target this season, as predicted by Increasity.