Crypto: Is A Spectacular Leap Of 235% For Shiba Inu On The Horizon?

If a memecoin has been on a roller coaster lately, it’s definitely Shiba Inu. Sometimes at the top, sometimes at the bottom, it has been making headlines in the crypto market. But, surprise! Some analysts believe that the best is yet to come. Focus on predictions that turn heads and impressive figures that could revive this altcoin.

Shiba Inu: A quick rise of 235% expected?

As the crypto market wobbles under the shocks of bitcoin, Shiba Inu seems to be holding strong. After hitting a critical threshold of $0.0000185, SHIB has rebounded impressively, recording a 28% increase and settling at $0.00002216.

According to analyst Dollars Maker, the potential for growth is enormous:

• First step: an increase of 92%, reaching $0.00003339;
• Second level: a progression of 163%, flirting with $0.00004566;
• Ultimate goal: a spectacular rise of 235%, setting the target at $0.00005816.

For reference, the last annual peak of SHIB, in March 2024, was $0.000045. If the forecasts turn out to be accurate, this memecoin could shatter its previous record. Dollars Maker, quoted on TradingView, states: “It’s only a matter of time before SHIB reaches these heights.“

The crypto market bets on the revival of SHIB

Optimism is not solely based on the bold predictions of analysts. Since September, Shiba Inu has seen its capital soar from $7.57 billion to $19.41 billion, boosting its total capitalization to $18.28 billion in December. This spectacular increase of 208% in 2024 shows the persistent enthusiasm of investors.

Shiba Inu benefits from its resilience and its engaged community. The memecoin appeals to meme crypto enthusiasts, attracting new capital and consolidating its position in the altcoin market.

It remains to be seen whether this dynamic will hold despite the regular shocks affecting the entire crypto market.

But if Shiba Inu has recently dropped, it is the result of an unstable market and doubts about its sustainability. However, analysts like Dollars Maker are betting on its revival, provided the community remains true to its flair.