Shiba Inu Could Rise To As High As $0.00014, But Unlikely To Replicate Its 2021 Bull Run, Crypto Analyst Says

Crypto analyst Zach Humphries has made a bullish case for Shiba Inu (SHIB), predicting that the crypto token could rise to as high as $0.00014 in this market

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Crypto analyst Zach Humphries is bullish on Shiba Inu (SHIB), predicting that the meme coin could rise as high as $0.00014 in the current market cycle. However, Humphries also cautioned against having unrealistic expectations, suggesting that SHIB is unlikely to experience the same magnitude of gains as it did in 2021.

Shiba Inu Could Hit $0.00014, Near $100 Billion Market Cap

In a video uploaded to his YouTube channel, Humphries stated that Shiba Inu could “definitely” enjoy a 10x run from its current price level, potentially reaching a new all-time high (ATH) of $0.00014 in this bull cycle. Such a price increase would also bring SHIB close to hitting a $100 billion market capitalization, a possibility noted by the crypto analyst.

This price rally from Shiba Inu is expected to occur if the crypto market experiences another altcoin season. Humphries added that this altcoin season will be largely dependent on Ethereum, and the second largest cryptocurrency by market cap will need to be making new highs for SHIB to also make its run.

According to Humphries, SHIB is the largest ERC-20 token. With this, it only makes sense that the second-largest meme coin by market cap also witnesses a significant price rally as Ethereum makes its move during the altcoin season. This is not the first time that Humphries has made an ultra-bullish price prediction for Shiba Inu. In June, he mentioned that the meme coin will reach a $100 billion market cap in this market cycle.

Meanwhile, other crypto analysts, like Oscar Ramos, have also predicted that Shiba Inu will delete another zero from its current price. Ramos previously stated that the meme coin could rise to $0.0001, while Javon Marks predicted that Shiba Inu could surge to as high as $0.0001553.

SHIB Unlikely To Replicate Its 2021 Bull Run

Despite his bullish prediction for Shiba Inu, Humphries warned that the meme coin’s days of recording massive gains in weeks are long gone, suggesting that the meme coin cannot replicate its 2021 bull run. Shiba Inu recorded a price gain of 157 million percent in the 2021 bull run, as its price continued to skyrocket for weeks before reaching an ATH of $0.00008845 in October 2021.

The crypto analyst remarked that Shiba Inu’s investors and potential ones must be “realistic” about their expectations for potential gains from the meme coin. Humphries noted that unlike in 2021, SHIB has now become among the top cryptos by market cap with a multi-billion dollar market cap. As such, he suggested that the meme coin has less room now to run to the upside. In line with this, the crypto analyst warned investors about listening to those who say Shiba Inu can run to $0.01 or even $1.

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