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HomeNewsShiba Inu Surges 20% Post Bitcoin Halving: Can SHIB Hit $0.0001?

Shiba Inu Surges 20% Post Bitcoin Halving: Can SHIB Hit $0.0001?

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  • The price of Shiba Inu is currently $0.00002776, indicating a recent increase along with major technological advancements that improve its ecosystem.
  • Experts see significant growth for SHIB, bolstered by past successes and current bullish trends following the halving of Bitcoin.

The crypto community is buzzing from the 2024 Bitcoin halving event, and there are now increased expectations that a new bull season might be coming closer.

As for the stock that has been getting increasingly popular, Shiba Inu (SHIB) could be on the verge of a possible upward turn. This encouraging signal is a joy to market analysts and participants alike.

Current SHIB Market Dynamics 

The price of Shiba Inu is presently at $0.00002756, up 0.73% over the previous day, based on the most recent data from CoinMarketCap. SHIB has increased by a noteworthy 16.54% in the last week, indicating that the market is gaining bullish momentum.

Before the halving, marketing specialist Lucie, who works inside the Shiba Inu ecosystem, had predicted that SHIB would likely retest its 2021 peak of $0.00008845 around the time of the halving, thanks to a stunning 350% spike earlier in the month. Despite not reaching this height, which peaked that day at $0.00002353, hope is still high.

More optimistic forecasts are provided by market analysts Rafaela Ligo and Javon Marks. Ligo, observing a pattern resembling the 2021 rally, predicts that SHIB may rise to $0.00014. Assuming SHIB recovers its $0.00008 threshold, Marks suggests a more ambitious goal of $0.0001553.

AI Insights and Futuristic Projections

Prominent Bitcoin investor Armando Pantoja sees amazing potential for SHIB. He believes it might reach $0.001 during the next bull market, meaning it could climb by 3,660% by 2025. These durations span a decade, according to more cautious projections from other platforms like Changelly and Telegaon.

From a tech-forward standpoint, artificial intelligence projections from platforms such as Gemini (previously Google Bard) suggest even more promising results for SHIB, subject to the performance of Bitcoin following its halving.

If Bitcoin were to hit $100,000, for instance, SHIB could rise to $0.00005564, then to $0.00013856 at $150,000, and finally to $0.00014 at $250,000. Watch the YouTube video below for a deeper look at this development.

Developments in Technology and User Base

In addition to integrating with well-known wallets like MetaMask and Coinbase, the latest enhancements to Shibarium are designed to improve user interaction and expand its community. Its expected to drive future price hikes and bolster SHIB’s market position, as previously reported by ETHNews.

Taking into account the 721% price increase that Bitcoin had following its 2020 halving, SHIB’s own post-2020 gains were an astounding 884,400%. If prior trends continue, SHIB might just rocket to an all-time high of $0.196, mirroring its previous remarkable rise.

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Syofri
Syofri
Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: info@ethnews.com Phone: +49 160 92211628
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