{"id":624259,"date":"2024-06-12T20:00:58","date_gmt":"2024-06-12T20:00:58","guid":{"rendered":"https:\/\/www.shenyangcang.com\/?p=624259"},"modified":"2024-06-12T14:55:31","modified_gmt":"2024-06-12T14:55:31","slug":"shiba-inu-price-rally-1000-0-00024","status":"publish","type":"post","link":"https:\/\/www.shenyangcang.com\/shiba-inu\/shiba-inu-price-rally-1000-0-00024\/","title":{"rendered":"Historical Trends Suggest Shiba Inu Price Will Rally 1,000% To $0.00024, Analyst Reveals When"},"content":{"rendered":"

Crypto analyst Eljaboom has provided insights into how <\/span>Shiba Inu (SHIB)<\/span><\/a> could rise in <\/span>this bull run<\/span><\/a>. The analyst alluded to history to show that the second-largest meme coin by market cap can still reach <\/span>unprecedented heights<\/span><\/a>.\u00a0\u00a0<\/span><\/p>\n

Shiba Inu To Reach $0.00024 In This Bull Run<\/h2>\n

Eljaboom suggested in an X (formerly Twitter) <\/span>post<\/span><\/a> that Shiba Inu will rally by over 1,000% to reach $0.00024 in this bull run. This came following his remarks that history was repeating itself for <\/span>SHIB<\/span>. The accompanying chart he shared showed that the analyst was expecting Shiba Inu to experience a similar price surge <\/span>as it did in 2021<\/span><\/a>, although way higher this time around.<\/span><\/p>\n

Related Reading: Bitcoin Turns Weakness Into Strength: Analyst Identifies Major Liquidity Zone At $73,000<\/a><\/div>\n
\"Shiba
Source: X<\/figcaption><\/figure>\n

Crypto analyst Crypto Emily seemed to agree with Eljaboom\u2019s prediction, <\/span>stating<\/span><\/a> that anyone who has lost faith in Shiba Inu is \u201cclueless.\u201d Meanwhile, Eljaboom\u2019s prediction aligns with other crypto analysts who predict that Shiba Inu will shed another zero and rise to $0.0001. One is Javon Marks, who <\/span>predicts<\/span><\/a> that SHIB will eventually rise to $0.0001553.\u00a0<\/span><\/p>\n

Crypto analyst Capt Toblerone <\/span>shared<\/span><\/a> a similar prediction to Eljaboom\u2019s own while using the Elliot Wave Theory to analyze Shiba Inu\u2019s chart. The chart showed that SHIB will rise to $0.00022 when wave 3 of the five-way sequence occurs. Interestingly, the analyst suggested that Shiba Inu\u2019s rise to this price level could happen by September this year.\u00a0<\/span><\/p>\n

Meanwhile, other crypto analysts, like Armando Pantajo, have made more bullish price predictions for SHIB in this bull run. Pantajo <\/span>predicted<\/span><\/a> that Shiba Inu would shed two zeros and rise to $0.001. Crypto analyst Ali Martinez went one further and <\/span>predicted<\/span><\/a> that Shiba Inu could shed three zeros and rise to $0.011.<\/span><\/p>\n

Factors That Can Spark Shiba Inu\u2019s Unprecedented Price Surge<\/h2>\n

Several factors could contribute to Shiba Inu\u2019s parabolic rise to such heights. One is the institutional adoption of the meme coin. The <\/span>Shib community<\/span><\/a> has been actively working towards achieving this by petitioning <\/span>Grayscale<\/span><\/a> to consider launching a <\/span>SHIB ETF<\/span><\/a>. Interestingly, this petition has gained over 10,000 signatures, highlighting the community\u2019s dedication to the cause.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Crash Below $67,000 Sends Market Spiraling, Here Are The Levels To Watch<\/a><\/div>\n

The potential launch of a Shiba Inu ETF would bring new money into the meme coin\u2019s ecosystem, which could trigger this parabolic price surge. New money is also expected to flow into the SHIB ecosystem when the team finally launches the proposed <\/span>privacy-focused layer-3 network<\/span><\/a>. More users are expected to troop into the Shiba Inu ecosystem to enjoy such utility.<\/span><\/p>\n

Meanwhile, <\/span>layer-2 network Shibarium<\/span><\/a> undoubtedly still has a significant role to play in SHIB’s growth. The network has already committed to using some of the network fees earned for <\/span>Shiba Inu token burns<\/span><\/a>. As such, Shibarium can be expected to carry out massive token burns again once daily transactions on the network pick up.\u00a0<\/span><\/p>\n

\"Shiba
SHIB price jumps | Source: SHIBUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto analyst Eljaboom has provided insights into how Shiba Inu (SHIB) could rise in this bull run. The analyst alluded to history to show that the second-largest meme coin by market cap can still reach unprecedented heights.\u00a0\u00a0 Shiba Inu To Reach $0.00024 In This Bull Run Eljaboom suggested in an X (formerly Twitter) post that Shiba Inu will rally by over 1,000% to reach $0.00024 in this bull run. This came following his remarks that history was repeating itself for SHIB. The accompanying chart he shared showed that the analyst was expecting Shiba Inu to experience a similar price surge as it did in 2021, although way higher this time around. Related Reading: Bitcoin Turns Weakness Into Strength: Analyst Identifies Major Liquidity Zone At $73,000 Crypto analyst Crypto Emily seemed to agree with Eljaboom\u2019s prediction, stating that anyone who has lost faith in Shiba Inu is \u201cclueless.\u201d Meanwhile, Eljaboom\u2019s prediction aligns with other crypto analysts who predict that Shiba Inu will shed another zero and rise to $0.0001. One is Javon Marks, who predicts that SHIB will eventually rise to $0.0001553.\u00a0 Crypto analyst Capt Toblerone shared a similar prediction to Eljaboom\u2019s own while using the Elliot Wave Theory to analyze Shiba Inu\u2019s chart. The chart showed that SHIB will rise to $0.00022 when wave 3 of the five-way sequence occurs. Interestingly, the analyst suggested that Shiba Inu\u2019s rise to this price level could happen by September this year.\u00a0 Meanwhile, other crypto analysts, like Armando Pantajo, have made more bullish price predictions for SHIB in this bull run. Pantajo predicted that Shiba Inu would shed two zeros and rise to $0.001. Crypto analyst Ali Martinez went one further and predicted that Shiba Inu could shed three zeros and rise to $0.011. Factors That Can Spark Shiba Inu\u2019s Unprecedented Price Surge Several factors could contribute to Shiba Inu\u2019s parabolic rise to such heights. One is the institutional adoption of the meme coin. The Shib community has been actively working towards achieving this by petitioning Grayscale to consider launching a SHIB ETF. Interestingly, this petition has gained over 10,000 signatures, highlighting the community\u2019s dedication to the cause.\u00a0 Related Reading: Bitcoin Crash Below $67,000 Sends Market Spiraling, Here Are The Levels To Watch The potential launch of a Shiba Inu ETF would bring new money into the meme coin\u2019s ecosystem, which could trigger this parabolic price surge. New money is also expected to flow into the SHIB ecosystem when the team finally launches the proposed privacy-focused layer-3 network. More users are expected to troop into the Shiba Inu ecosystem to enjoy such utility. Meanwhile, layer-2 network Shibarium undoubtedly still has a significant role to play in SHIB’s growth. The network has already committed to using some of the network fees earned for Shiba Inu token burns. As such, Shibarium can be expected to carry out massive token burns again once daily transactions on the network pick up.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":624288,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83740],"tags":[167,6664,26263,14690,83668,89178,84473,83667,89157,86437,84562,84558],"class_list":["post-624259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-shib","tag-shib-news","tag-shib-price","tag-shiba-inu","tag-shiba-inu-news","tag-shiba-inu-price","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\nHistorical Trends Suggest Shiba Inu Price Will Rally 1,000% To $0.00024, Analyst Reveals 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. 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