Crypto Analyst Predicts 3,000% Surge For Shiba Inu – Here’s The Timeline

Crypto
analyst
Davie
Satoshi
has
dropped
a
bullish
prediction
for
Shiba
Inu
as
part
of
what
might
be
the
future
outlook
for
major
meme
coins.
According
to
the
analyst,
SHIB
is
one
of
the
meme
coins
with
the
potential
to
go
on
a
1,000%
to
3,000%
price
surge
amidst
a
flurry
of
cryptocurrencies
in
the
meme
coin
niche.
SHIB,
on
the
other
hand,
is
currently
struggling
with
bearish
price
action
as
the
bulls
find
themselves
outnumbered
by
the
bears.  

Surge
Potential
For
Shiba
Inu

The
crypto
market
is


full
of
different
meme
coins,
each
with
its
own
community.
Particularly,
meme
coin
demand
has
shot
up
this
year,
with
many
new
meme
coins


shooting
up
in
value.
However,
investing
in
meme
coins
has
its
own
demerits.
This
is
because
the
value
of
these
cryptocurrencies
is
driven
by
hype
and
sentiment,
as
most
of
them
do
not
have
a
real-world
utility
to
back
up
their
value.
As
a
result,
some
of
them
can
tank
quickly
and
go
back
to
zero
as
easily
as
they
shot
up.

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Despite
this
risk,
some
of
these
meme
cryptocurrencies
have
established
themselves
as
major
industry
players
over
the
years.


According
to

Davie
Satoshi,
SHIB
is
one
of
the
few
cryptocurrencies
that


fall
in
this
safe
category

and
can
“never
go
to
zero.”

From
his
viewpoint,
SHIB
can
go
on
a
10x
to
30x
journey
in
the
current
market
cycle.
This
translates
to
a
1,000%
to
3,000%
surge
to
a
price
range
of
$0.0002250
to
$0.0006750.
Interestingly,
this
prediction
is
way
above
the
current
SHIB
all-time
high,
which
is
at
$0.00008616.

How
Feasible
Is
This
Price
Target
For
SHIB?

SHIB
is
no
stranger
to
price
rises
of
epic
proportions.
After
the
last
halving,
SHIB
went
on
an
800,000%
price
surge
and
turned
many
of
its
early
holders
into
crypto
millionaires
overnight.
However,
the
crypto
landscape
has
evolved
since
then
and
SHIB
would
need
to
gain
a
better
mainstream
adoption
and
develop
utility
before
a
similar
price
surge
can
occur. 

SHIB
has
grown
over
the
years
from
its
early
days
as
a
meme
cryptocurrency
and
now
stands
behind
only
DOGE
in
terms
of
meme
coin
market
cap.
The
Shiba
Inu
ecosystem
is
now
home
to
its
own
community
projects
including
a
layer-2
scaling
solution
(Shibarium),
other
tokens
like
BONK
and
LEASH,
and
many
others. 

Shiba
Inu’s
team
members


are
actively
working

to
transform
the
cryptocurrency
into
a
utility-based
cryptocurrency.
According
to
a
similar
prediction
from


crypto
analyst
Xanrox,
Shiba
Inu
will
definitely
go
higher
later
this
year.
Per
his
analysis,
the
best
price
to
get
in
and
catch
the
bounce
to
the
upside
is
$0.00002249. 

At
the
time
of
writing,
SHIB
is
trading
at
$0.00002181
and
is
down
by
3.45%
in
the
past
24
hours.
Davie
Satoshi
also
mentioned
DOGE,
PEPE,
WIF,
and
COQ
as
meme
cryptocurrencies
with
the
potential
to
grow
by
10x
to
30x.

SHIB bulls push price to $0.000023 | Source: SHIBUSDT on Tradingview.com

Featured
image
from
Reddit,
chart
from
Tradingview.com