Analyst Expects Shiba Inu to Hit $0.001 After Bitcoin Halving

With a few weeks left until the next Bitcoin halving, market expert Armando Pantoja estimates that Shiba Inu will hit its ambitious price target of $0.001 after the event.

As the highly anticipated Bitcoin halving event approaches, top industry pundits have released positive post-halving predictions for Shiba Inu (SHIB).

Popular investor Armando Pantoja set out his goals for Shiba Inu after the halving in a recent X post. Analysts expect Shiba Inu to hit the lofty target of above $0.001 after the long-awaited Bitcoin halving event.

In addition to Shiba Inu, Pantoja also set post-halving price targets for other top crypto assets. After the upcoming halving, experts predict Bitcoin to rise to $250,000, Ethereum (ETH) to $20,000, XRP (XRP) to $10, and Solana (SOL) to $800.

Shiba Inu’s path to $0.001

Pantoja’s Shiba Inu price target of $0.001 is in line with other experts’ predictions. As previously reported, prominent crypto community figure Increaseity also sees Shiba Inu reaching its $0.001 target in this bullish cycle.

Given the current price, reaching the $0.001 goal may seem difficult. At the time of writing, Shiba Inu was trading at $0.00002732.

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To reach the $0.001 target from this point, Shiba Inu would need to rise 3,660% from its current price. It is worth noting that the post-halving target amount of $0.001 set for Shiba Inu is also 1,130% higher than the ATH record of $0.00008845 registered on October 28, 2021.

Will the upcoming halving result in a bull market?

For the uninitiated, the Bitcoin halving is expected to occur this month. Analysts predict that the event will take place between April 16th and 20th this year.

This notable event, which occurs every four years, cuts Bitcoin miners’ rewards in half. When this halving occurs, the miner’s reward will decrease from his 6.25 BTC to 3.125 BTC.

The upcoming halving is expected to result in a bullish market trend, similar to the previous three events since Bitcoin’s creation in 2009.

Changelly and Telegaon don’t think Shiba Inu will reach the $0.001 goal anytime soon

Some analysts see Shiba Inu reaching $0.001 territory after the halving, but others do not expect the token to achieve this feat anytime soon.

For example, experts at crypto exchange Changelly estimate that Shiba Inu will not reach its $0.001 goal until 2033. Furthermore, the virtual currency analysis platform Telegaon, project The price of SHIB will rise to $0.001 by 2035.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. We encourage our readers to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.

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