Bitrabo Editorial
Despite a strong performance in 2024, Shiba Inu is yet to surpass its all-time high of $0.00008, leading to speculation about its potential to reach new milestones like $0.0001. A recent analysis by a crypto analyst suggests a 300% increase in the Shiba Inu price, setting a new all-time high.
Potential for Shiba Inu to Reach $0.0001
The Shiba Inu community is optimistic after analysis by Shib Knight indicated possible support forming at $0.000025, paving the way for a price surge.
The analyst’s target of over $0.0001 was initially projected in the 2021 bull market but fell short at $0.00008 before plummeting by 90% in the bear market.
However, there is renewed momentum for Shiba Inu to reclaim this level, with projections indicating a nearly 350% increase. The timeframe for this surge, predicted to occur by June, has captured the attention of investors.
$SHIB to 0.0001 this June!
Why not?
pic.com/sLh2TXIVzU
— $SHIB KNIGHT (@army_shiba) June 3, 2024
SHIB Showing Resilience Amid Market Turmoil
Shiba Inu has demonstrated its ability to retain value during market downturns. Despite Bitcoin’s recent drop below $69,000 causing widespread losses, Shiba Inu has remained relatively stable.
While other meme coins like BONK and PEPE experienced significant declines, Shiba Inu’s loss of 6.2% during the downturn places it just behind Dogecoin in terms of resilience, making it one of the strongest performers in the meme coin category.