Crypto Analyst Predicts Shiba Inu Price To Rise 5000% To $0.001 – Here’s When

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Crypto expert Armando Pantoja recently shared his predicted prices for various cryptocurrencies following the upcoming Bitcoin Halving event. He presented his views on Bitcoin and Ethereum, but it was his bold prediction for Shiba Inu (SHIB) that generated buzz within the crypto world.

Shiba Inu To Hit $0.001 After The Halving

Pantoja recently made a prediction on X (previously Twitter) that Shiba Inu could reach $0.001 following the Bitcoin Halving, scheduled for later this month. This forecast has generated some surprise given SHIB‘s current value. A jump to $0.001 would mean a staggering 5,000% increase for the meme token. Already, SHIB seemed to have exhausted its bullish energy during the 2021 bull market when it experienced a price surge of over 46 million percent.

Interestingly, Pantoja’s prediction isn’t the most bullish price prediction made for Shiba Inu so far. Crypto analyst Ali Martinez previously predicted that the meme coin could rise to as high as $0.011, although he didn’t state when exactly this would happen. Some other crypto analysts have also given their thoughts on SHIB’s future trajectory, although not as bullish as Pantoja and Martinez’s predictions. 

Xanrox, an anonymous crypto expert, forecasted a potential 300% increase in the value of SHIB by the end of the year. Moreover, he projected that SHIB might reach a new peak price of $0.00008854. Analyst Javon Marks also speculated that Shiba Inu could potentially surge to $0.0001553 during this market trend.

Cautioning crypto investors, Altcoin Sherpa, a well-known crypto analyst, advised against expecting SHIB to deliver the same astounding returns it did during the previous bull market. Investors putting money into this meme coin should not anticipate a gain of more than 20 times their initial investment.

XRP To Rise To $10

Pantoja forecasted that XRP might increase its value from its current level, reaching anywhere between $3 and $10. This estimation is noteworthy given XRP‘s underperformance compared to other cryptocurrencies, which have experienced significant growth in the crypto market as a whole.

Pantoja isn’t the only crypto expert with high expectations for XRP; CrediBULL Crypto voiced a similar opinion, suggesting that XRP reaching $10 is plausible given Ethereum‘s potential to reach $10,000. Likewise, Nick from Web3Alert shares this belief. He previously projected that XRP could hit $10 if Bitcoin and Ethereum both reach $150,000 and $10,000 respectively.

Pantoja may have arrived at the same price projections for XRP as he did for Bitcoin and Ethereum for this reason; his estimates suggested that Bitcoin could reach prices ranging from $150,000 to $250,000, while Ethereum was predicted to climb between $10,000 and $20,000.

Crypto Analyst Predicts Shiba Inu Price To Rise 5000% To $0.001 – Here’s When

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2024-04-08 20:46