Shiba Inu (SHIB) Price Predictions: Experts Forecast Potential 1440% Gains by 2025

The dog-themed meme coin Shiba Inu (SHIB) has seen a notable price recovery over the past 24 hours amid the broader market rally.

The dog-themed meme coin Shiba Inu (SHIB) has seen a notable price recovery over the past 24 hours amid the broader market rally.

After hitting a five-month low of $0.00001274 on July 5, the coin has gained 8% in the past 24 hours and is up a steady 20% over the past week.

However, a prediction report published by Forbes suggests that the Ethereum-based altcoin is poised for major price gains throughout the rest of the year and may even surpass all-time highs.

Expert Insights For SHIB

According to the report, industry experts such as Himanshu Maradiya, founder and chairman of CIFDAQ Blockchain Ecosystem, offered a prediction for SHIB’s price by 2024-2025, ranging from $0.0001 to $0.0003, depending on favorable market conditions and continued ecosystem development.

This would position SHIB’s price for a potential gain of 416% in the scenario of reaching the $0.0001 mark and even a substantial increase of 1440% in the case of reaching the $0.0003 benchmark.

On the other hand, Utkarsh Tiwari, Chief Strategy Officer of KoinBX, highlighted the difficulty of predicting cryptocurrency prices, including SHIB. Nonetheless, he noted the bullish sentiment surrounding SHIB and suggested a more conservative approach, stating a potential price range of $0.0000298 to $0.0000396 by the end of 2024.

Tiwari also highlighted the importance of monitoring price movements, stating that if SHIB surpasses $0.00003682 and continues its upward trajectory, it could target $0.00006697 in 2024. Conversely, a price reversal could see SHIB drop to $0.000010, indicating the presence of decline risks.

Shiba Inu Price Predictions

According to the prediction algorithm of the crypto data platform Coincodex, Shiba Inu’s price predictions for the coming years are as follows:

Possibility of Reaching $0.01: While the enthusiasm surrounding SHIB is evident, reaching $0.01 would require a staggering gain of 46,144.44%. However, according to Coincodex’s prediction algorithm, SHIB is unlikely to reach $0.01. According to the algorithm, the highest expected price is estimated to be $0.000852 by January 1, 2049.

At the time of writing, SHIB is trading at $0.0001939, still recording losses of 6.7% in the monthly time frame, illustrating the price correction the meme coin has undergone. According to CoinGecko data, it is still up 141% in the year-to-date time frame.

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