This article presents the top five optimistic predictions for Shiba Inu following the completion of the fourth Bitcoin halving.
After much anticipation, the Bitcoin halving of 2024 has finally taken place, and the crypto market is eagerly awaiting a full-scale bull market. However, leading up to the halving, there were numerous projections regarding the potential price movement of Shiba Inu.
This article brings together the most prominent forecasts for Shiba Inu for this season. Interestingly, Shiba Inu has already started a bull rally just 24 hours after Bitcoin’s halving. Currently, SHIB is trading at $0.00002586, showing a 13% increase in the last 24 hours.
Shiba Inu Chart | CoinMarketCap
Shiba Inu Expected to Reach $0.00008845 “Shortly” After Halving
Notably, $0.00008845 is the highest price Shiba Inu reached in 2021. Last month, Lucie, a marketing specialist in the Shiba Inu ecosystem, confidently stated that SHIB would reclaim $0.00008845 by April 19 or shortly after the halving.
Lucie’s optimistic outlook was influenced by Shiba Inu’s impressive 350% gains earlier in the month. According to Lucie, Shiba Inu has the potential to achieve a remarkable feat by reaching a new all-time high in just a few weeks.
However, Shiba Inu’s highest price on the day of Bitcoin’s halving was $0.00002353. While SHIB failed to reach the ATH target before the halving, the official in the Shiba Inu ecosystem expects it to happen shortly after the event.
SHIB Expected to Reach $0.0001553 This Season
Two weeks ago, Rafaela Ligo, a prominent market watcher, noticed a striking similarity in Shiba Inu’s current behavior to a pattern observed in 2021. Notably, this pattern led to a 1,164% surge for SHIB in just 30 days. Based on this observation, Ligo projected a potential price target of $0.00014 for Shiba Inu.
Similarly, analyst Javon Marks expressed a similar sentiment in his analysis of Shiba Inu’s outlook last month. Marks argued that once SHIB re-enters the $0.00008 range, its path to $0.0001553 would be much smoother.
Shiba Inu Expected to Reach $0.001 After Halving
Earlier this month, Bitcoin investor Armando Pantoja shared his outlook for various cryptocurrencies, including Shiba Inu. He suggested that SHIB has the potential to reach $0.001 in the bull market that follows the halving event.
Pantoja’s price target implies a 3,660% rally for SHIB by 2025. However, prediction platforms like Changelly and Telegaon disagreed with this outlook, proposing a ten-year timeline instead.
SHIB Price in Different Bitcoin Scenarios After Halving
Meanwhile, AI-powered platforms like Gemini (formerly known as Google Bard) have provided potential price targets for SHIB in different scenarios where BTC reaches high levels, such as $250,000 after the Bitcoin halving.
Gemini’s bullish projection for Shiba Inu, if Bitcoin hits $100,000, is a price of $0.00005564. Additionally, their ambitious estimates for Shiba Inu stand at $0.00013856 if Bitcoin surges to $150,000 post-halving, and $0.00014 if BTC soars to $250,000.
Shiba Inu Following Bitcoin’s Historical Pattern After Halving
Remarkably, Bitcoin experienced a surge of approximately 721% after the 2020 halving, reaching an all-time high of $64,863 in 18 months. If history repeats itself, with Bitcoin’s halving-day low of $59,651 in 2024, its price could exceed $489,000.
In contrast, Shiba Inu saw an astounding gain of at least 884,400% after the 2020 halving. If this historical pattern repeats, it suggests a potential price of $0.196 for SHIB.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. The views expressed in this article are solely the author’s opinions and do not reflect the opinion of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions. The Crypto Basic is not responsible for any financial losses incurred.
