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With a few weeks left before the next Bitcoin halving, market expert Armando Pantoja speculates that Shiba Inu would hit the ambitious $0.001 price target after the event.
As the highly anticipated Bitcoin halving event edges closer, top industry commentators have issued favorable post-halving predictions for Shiba Inu (SHIB).
Popular investor Armando Pantoja issued his post-halving target for Shiba Inu in a recent X post. The analyst expects Shiba Inu to hit a massive target of $0.001 and above after the highly anticipated Bitcoin halving event.
In addition to Shiba Inu, Pantoja also set post-halving price targets for other top crypto assets. After the upcoming halving, the pundit expects Bitcoin to rally to $250,000, Ethereum (ETH) to $20,000, XRP (XRP) to $10, and Solana (SOL) to $800.
My #Crypto price targets after the halving$BTC: $100k-$250k$ETH: $10k – $20k$ENS: $100+$SOL: $650-$800$XRP: $10+$PRO: $10+$SHIB: $0.001+$DOGE: $1+$ADA: $3-$10
Thoughts? Did I miss one?
— Armando Pantoja (@_TallGuyTycoon) April 5, 2024
Shiba Inu’s Road to $0.001
Pantoja’s $0.001 price target for Shiba Inu coincides with other experts’ predictions. As reported earlier, prominent crypto community figure Increasity also sees Shiba Inu hitting the $0.001 target in this bull cycle.
Given its current price, hitting the $0.001 target could seem daunting. Shiba Inu was changing hands at $0.00002732 at the time of writing.
To hit the $0.001 target from this point, Shiba Inu must rally 3,660% from its current price. It is noteworthy that the $0.001 post-halving target set for Shiba Inu is also 1,130% higher than its ATH record of $0.00008845, registered on October 28, 2021.
Will This Upcoming Halving Usher in a Bull Run?
For the uninitiated, the upcoming Bitcoin halving is expected to occur this month. Analysts predict the event will take place between April 16 and 20 of this year.
The remarkable event, which occurs every four years, sees Bitcoin miners’ rewards slashed in halves. Once this halving occurs, miners’ rewards will drop from 6.25 BTC to 3.125.
The upcoming halving is expected to usher in a bullish market trend like the three previous events since Bitcoin’s inception in 2009.
Changelly and Telegaon Don’t See Shiba Inu Hitting $0.001 Target Anytime Soon
Although some analysts see Shiba Inu hitting the $0.001 territory after halving, others do not expect the token to achieve this feat anytime soon.
For instance, experts from crypto exchange Changelly speculate that Shiba Inu will not hit the $0.001 target before 2033. Additionally, crypto analytic platform Telegaon project the price of SHIB will rally to $0.001 by 2035.