Crypto Price Prediction: Shiba Inu Expected to Surge 400%
Cryptocurrency price predictions play a crucial role in helping investors track their investment journeys. In one such prediction, renowned cryptocurrency analyst Javon Marks shared how Shiba Inu follows its organic price path and may soon notice a 400% price surge, a prediction eagerly anticipated by every SHIB enthusiast.
Analyst states Shiba Inu to surge 400%
Source: DailyHodl
To elaborate on more details, renowned cryptocurrency analyst Javon Marks shared a bullish price prediction for SHIB. According to the analyst, SHIB could soon climb 406% to a staggering price of $0.000081. The analyst believes that SHIB has been striving for the top. The token recently broke through a crucial resistance level, prompting the analyst to make bold predictions.
“The target of $0.000081 for Shiba Inu has not changed as the price continues to maintain a strong breakthrough, deviating from the previously defined trend. Therefore, it may take more than a 405% capital to achieve this target. Over five times the capital may be waiting for Shiba!”
Mark’s new prediction about Shiba Inu has sparked waves of enthusiasm in the Shib community. Several cryptocurrency enthusiasts commented on Mark’s post, expressing their excitement about the upcoming SHIB rebound.
Meanwhile, the dream of Shiba Inu reaching one cent is a core phenomenon that has recently propelled the token to new heights. However, according to technical platforms, the coin would need to surge by almost 62,000% to reach a price level of $0.01.
“Shiba Inu would need a return of 62,822.95% to reach $0.01. According to our Shiba Inu prediction algorithm, the price of Shiba Inu will not reach $0.01. The highest expected price estimated by our algorithm is $0.002168 by January 1, 2049.”
Mark’s bold price prediction was later retweeted by Lucie, the marketing director of Shiba Inu on X. This retweet subtly acknowledges the seemingly hopeful future price path of the asset for many cryptocurrency analysts, experts, and enthusiasts.
July price predictions
July seems to bring mixed signals for the token. Technical platforms like CoinCodex once predicted that by July 15th, SHIB would rise to a trading price of $0.00002548.
“The price prediction for Shiba Inu in the next 30 days is based on the forecast of positive and negative trends over the past 30 days. Based on these predictions, SHIB will change hands on July 15, 2024, at a price of $0.00002548, with a 63.63% increase.”
On the other hand, SHIB may notice a further decline of 4% by the end of July, trading at a bearish price of $0.00001486.
“Based on our current prediction for the Shiba Inu price, it is expected to decrease by -4.54% to $0.00001486 by August 7, 2024. According to our technical indicators, the current sentiment is bearish, with a fear and greed index showing 28 (fear). Shiba Inu has recorded 12/30 (40%) green days, with a price fluctuation of 13.25% over the past 30 days.”
