CoinDesk Report:
Price predictions in the cryptocurrency space play a crucial role in helping investors track their investment journey. In one such prediction, renowned cryptocurrency analyst Javon Marks shared how Shiba Inu is following its organic price path and could soon be noticed for its potential 400% price surge, a forecast eagerly awaited by every SHIB enthusiast.
Analyst states Shiba Inu to surge 400%
Source: DailyHodl
To elaborate on the details, renowned cryptocurrency analyst Javon Marks shared a bullish price prediction for SHIB on X. According to the analyst, SHIB could soon climb by 406% to an astonishing price of $0.000081. The analyst believes that SHIB has been striving to reach the top. The token recently broke through a key resistance level, prompting the analyst to make this bold prediction.
“The target of $0.000081 for Shiba Inu remains unchanged as the price continues to maintain good breakthroughs, breaking away from previously defined trends. Therefore, it may take over 405% of funds to achieve this target. More than five times the funds may be waiting for Shiba!”
Mark’s new prediction about Shiba Inu has sparked waves of excitement in the Shib community. Several cryptocurrency enthusiasts commented on Mark’s post, expressing their excitement for the upcoming SHIB rebound.
Meanwhile, the dream of Shiba Inu reaching one cent is a core phenomenon that has recently propelled the token to new highs. However, according to technical platforms, the coin would need to skyrocket by nearly 62,000% to reach a price level of $0.01.
“Shiba Inu would need to gain a profit of 62,822.95% to reach $0.01. According to our Shiba Inu prediction algorithm, the price of Shiba Inu will not reach $0.01. By January 1, 2049, our algorithm estimates the highest expected price to be $0.002168.”
Mark’s bold price prediction was later retweeted by Lucie, the marketing director of Shiba Inu on X. This retweet subtly acknowledges the hopeful future price path of the asset for many cryptocurrency analysts, experts, and enthusiasts.
July Price Predictions
July seems to bring mixed signals for the token. Technical platforms like CoinCodex once predicted that by July 15, SHIB would rise to a trading price of $0.00002548.
“The price prediction for Shiba Inu in the next 30 days is based on the prediction of positive and negative trends over the past 30 days. Based on these predictions, SHIB will change hands on July 15, 2024, at a price of $0.00002548, representing a 63.63% increase.”
On the other hand, SHIB could potentially be noticed for a further 4% decline by the end of July, trading at a bearish price of $0.00001486.
“Based on our current prediction for the price of Shiba Inu, it is expected that by August 7, 2024, the price of Shiba Inu will decrease by -4.54% to reach $0.00001486. According to our technical indicators, the current sentiment is bearish, with fear and greed index showing 28 (fear). Shiba Inu has recorded 12/30 (40%) green days, with a price fluctuation of 13.25% over the past 30 days.”