thecryptobasic.com
Prominent Bitcoin investor Armando Pantoja has argued that Shiba Inu could be at $0.001 this year or 2025 at worst.
Pantoja issued this bold call in a recent post on X, unveiling his price projections for 11 prominent cryptocurrencies. Shiba Inu featured on the list, with the Bitcoin investor suggesting SHIB’s potential to trade above $0.001.
He specified a 2024 to 2025 timeline for his price forecasts to materialize. Remarkably, Shiba Inu trades with four leading zeros while the crypto pundit made this assertion. Essentially, Pantoja expects SHIB to have canceled out two more zeros this year or by 2025.
My #crypto price targets for 2024-2025$BTC: $100k-$250k$ETH: $10k-$15k$XRP: $3-$6$SHIB: $0.001+$DOGE: $1$SOL: $500-$1000$AVAX: $100+$ICP: $100+$INJ: $100-$200$PRO: $10-$20$HBAR: $5-$10
— Armando Pantoja (@_TallGuyTycoon) April 24, 2024
Notably, this is not the first time Pantoja has released $0.001 as his outlook for SHIB in this bull market. He has repeatedly called attention to the target, sometimes suggesting a 12-month timeline.
At press time, Shiba Inu trades at $0.00002459, marking a negative growth of 9.07% in the last 24 hours. To theoretically attain a price above $0.001 this year, Shiba Inu must advance by 3,966.69%.
Shiba Inu’s Likelihood to Attain $0.001
On the side of history, a 3,966% percentage growth rate is not a formidable feat for Shiba Inu. In the last bull run, Shiba Inu stunned the crypto market with an 884,400% upsurge, creating a massive sensation.
Remarkably, the 884,400% surge accounts for SHIB’s gain within a ten-month window in 2021. When considering its September 2020 bottom of $0.00000000008165, the gain becomes more staggering at 108,328,130%. This extraordinary outcome propelled many to the ranks of crypto millionaires and billionaires.
Moreover, Shiba Inu had barely any appeal or utility at the time beyond its meme-inspired nature. Now, Shiba Inu has secured numerous partnerships and launched utility-drive initiatives to potentially bolster its performance in the coming bull market.
Essentially, the Bitcoin investor is likely anticipating Shiba Inu to repeat history in this bull market as he provided no specific factor influencing his bullishness.
Furthermore, Pantoja anticipates BTC trading at $259K by next year. In this scenario, Google’s AI platform has argued an ambitious target of $0.00014 for Shiba Inu, reflecting Pantoja’s sentiment for $0.001.
Meanwhile, other platforms forecasting Shiba Inu’s ascent to $0.001 have not provided a 2025 timeline. For instance, Telegaon believes Shiba Inu’s maximum price by 2025 will be $0.0000728, which falls short of the asset’s all-time high. Telegaon thinks SHIB may attain $0.001 within the next ten years.