Shiba

Shiba Inu

A crypto analyst has made a <a href="https://bitcoinist.com/shiba-inu-price-analysis-predicting-the-path-of-shiba-inu-today/">bullish prediction about Shiba Inu</a>, highlighting the immense profits investors could potentially reap if the cryptocurrency’s price experiences this exponential growth.&nbsp; 
<h2 id="shiba-inu-roadmap-to-0-0001">Shiba Inu Roadmap To $0.0001</h2> 
In a recent X (formerly Twitter) post, cryptocurrency investor and analyst, Oscar Ramos expressed strong belief in the bullish outlook for Shiba Inu, <a href="https://x.com/realoscarramos1/status/1764346313166999951?s=46" rel="nofollow" target="_blank">predicting</a> that the price of the doggy-themed <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-memecoins-3000-spike-volume-rally/" rel="nofollow noopener" target="_blank">memecoin</a> could shed off a zero to attain a price of $0.0001. The crypto analyst asserts a 100% likelihood of Shiba Inu ascending to this price level during the 2<a href="https://bitcoinist.com/diversify-your-portfolio-as-2024-bull-run-kicks-off/">024 bullish cycle.</a> 
Ramos based his forecasts on Shiba Inu’s historical price actions, emphasizing the cryptocurrency’s <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-blasts-into-top-10/" rel="nofollow noopener" target="_blank">massive rally</a> to an all-time high of $0.00008 in October 2021. The analyst has suggested that <a href="https://bitcoinist.com/whale-abandons-massive-pepe-position-for-shiba-inu-how-much-shib-did-they-buy/">SHIB</a> could experience explosive price growth if fuelled by an optimal combination of hype, momentum and <a href="https://bitcoinist.com/feeling-the-fomo-swimming-in-shiba-memus-3-2m-could-it-be-the-best-new-crypto-of-2023/">Fear Of Missing Out (FOMO).&nbsp;</a> 
He also disclosed that the involvement of retail investors will have a notable influence on SHIB’s market dynamics, predicting that a substantial influx of retail funds into SHIB could propel the cryptocurrency’s price to $0.0001. 
Sharing a price chart of SHIB, Ramos noted that the cryptocurrency is currently in its candle week, anticipating a potential surge of over 140% from $0.00008 to $0.0002. He highlighted that Shiba Inu has been steadily advancing towards this price level, demonstrating a noteworthy bullish trajectory, even before the <a href="https://bitcoinist.com/7-altcoins-poised-to-beat-bitcoin-in-2024/">altcoin season</a> and the <a href="https://bitcoinist.com/bitcoin-halving-supply-shock-significant-heres-why/">2024 Bitcoin halving.</a> 
The crypto investor has underscored the considerable profit potential for <a href="https://bitcoinist.com/shiba-inu-whale-transactions/">Shiba Inu investors</a>, emphasizing that investors who had initially purchased the token at $0.00008 would now be reaping gains of over 150% in value.&nbsp; 
<h2 id="shib-s-1-price-surge-remains-uncertain">SHIB’s $1 Price Surge Remains Uncertain</h2> 
In his forecasts, Ramos revealed that achieving the coveted $1 or $0.1 price mark for Shiba Inu was unlikely during this<a href="https://bitcoinist.com/golden-cross-altcoins-crypto/"> bullish cycle.&nbsp;</a> 
The analyst pointed out the limited impact of <a href="https://bitcoinist.com/shiba-inu-burn-rate-shib-price/">SHIB burns</a> in enhancing the cryptocurrency’s value, citing SHIB’s extensive total supply extending to trillions of tokens. He also pointed out that Shiba Inu “must have a total market capitalization of over $60 billion” before it can reach a price of $0.0001.&nbsp; 
Despite his reservations about <a href="https://bitcoinist.com/shiba-inu-to-1-ai/">SHIB’s potential to reach $1</a>, the crypto analyst has disclosed possibilities for SHIB to surpass his earlier predictions of $0.0001.&nbsp; 
Ramos has suggested that if Shiba Inu undergoes unprecedented growth, achieving an explosive price of $0.002 during the altcoin season, it could signify the cryptocurrency’s peak price. He advised investors to exit the market during this time before a potential price correction occurs.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/VK7jTtUB/" alt="Shiba inu price chart from Tradingview.com" width="3286" height="1530">

Crypto Analyst Says Shiba Inu Price Is 100% Going To $0.0001, Here’s Why

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