Shiba Inu (SHIB) has been a topic of discussion among crypto influencers and platforms, with varying predictions on when it will reach its target price of $0.00017. Currently, SHIB is trading at $0.00002378, which is 49% lower than its peak price in early March.
While some analysts believe that SHIB will hit $0.0001 by 2025, others, like Oscar Ramos, have a more optimistic projection of a potential rise to $0.00017 by the same year.
Oscar Ramos, a prominent figure in the cryptocurrency community, recently suggested that despite the prevailing bearish sentiment, Shiba Inu (SHIB) could reach a price of $0.00017 by 2025. This forecast comes at a time when SHIB has struggled in the market, currently trading at $0.00002296, experiencing a significant 49% decline from its early March high.
Taking a closer look at the potential price movements of Shiba Inu, Ramos aligns his prediction with the expected end of the crypto bull season next year, indicating a possible 640% gain for those who invest in SHIB at its current price.
In contrast, experts from the trading platform Changelly anticipate that it could take up to six years for SHIB to achieve the $0.00017 mark, suggesting a more conservative peak of $0.000059994 for the upcoming bull season.
Similarly, prediction platform Telegaon also takes a cautious stance, while other market analysts remain bullish, foreseeing SHIB surpassing the $0.0001 mark by 2025 based on its historical performance and recent market actions.
Looking at expert analysis and community expectations, SHIB experienced a notable rally nine weeks ago, surging 373% from $0.0000095 to $0.000045 in just eight days. Market analyst Eunice Wong suggests that this trend could repeat and potentially propel SHIB to $0.000125.
Another enthusiast, Kuro, based in Japan, believes that SHIB could stabilize at $0.00011 as its new floor price, especially after its recent performance against the JPY on Binance Japan.
Shiba Inu has also been actively expanding its partnerships, recently joining the CDSA consortium, which includes major companies like Netflix, Apple, and Amazon, to leverage its Shibarium technology in addressing piracy issues.
Following this development, SHIB’s lead developer, Shytoshi Kusama, announced a significant new agreement, emphasizing ongoing efforts to enhance SHIB’s market position and utility.
