Forecasts indicate Shiba Inu’s Potential Surge to $0.05 in Case of Bitcoin Reaching $150,000 by 2025
In a recent optimistic outlook, analyst “Smile” has generated excitement within the SHIB community by unveiling bullish predictions for several cryptocurrencies. A standout projection suggests that Shiba Inu (SHIB) could reach $0.05 if Bitcoin (BTC) hits $150,000 by the year 2025.
Posted on X on September 10, the forecast paints a bright picture for the crypto market, with Bitcoin at the forefront with a speculated value of $150,000 in 2025. This surge would represent a 165% increase from its current price, indicating significant growth potential for alternative coins like SHIB.
According to Smile’s assessments, should Bitcoin indeed reach the anticipated $150,000 mark, Shiba Inu, currently the second-largest meme cryptocurrency, could potentially witness a notable rally towards $0.05. This surge would signify an impressive 390,000% gain from its current valuation, promising substantial returns for early backers and positioning the coin as a prominent player in the crypto sphere.
Apart from SHIB, Smile’s predictions also extend to major cryptocurrencies such as Ethereum (ETH), Dogecoin (DOGE), XRP, and Cardano (ADA), all primed for growth if Bitcoin attains the projected threshold.
However, attaining a price of $0.05 for Shiba Inu would necessitate substantial market capitalization expansion and widespread adoption. Critics highlight SHIB’s current price of $0.00001368, coupled with its $8 billion market cap and circulating supply of approximately 590 trillion SHIB, casting doubt on the achievability of reaching such ambitious price points.
Recently, analyst Zach Humphries has floated the idea of a potential 10x increase for SHIB, emphasizing the significance of Shibarium’s burn mechanism in reducing token supply, a factor likely to trigger a notable price spike. Despite skepticism, the SHIB community remains committed to enhancing the token’s burn rate, evident in the remarkable 8,193.59% surge in tokens removed from circulation in the last 24 hours.
In another analysis, analyst “Heaven Guardian” has highlighted SHIB’s breakout from an ascending triangle pattern, establishing differing price targets based on Fibonacci levels, predicting a potential SHIB value of around $0.000029 in the upcoming cycle.
Presently, SHIB is being traded at $0.0000137, reflecting a 1.63% dip in the previous 24 hours. While the future holds uncertainties, the promising forecasts and increasing community backing suggest that SHIB might be on the brink of significant expansion and heightened market acknowledgment.
