Here Are Top 5 Price Predictions for Shiba Inu After Bitcoin Halving

This article outlines Shiba Inu’s top 5 bullish predictions after Bitcoin’s fourth halving.

The long-awaited Bitcoin halving in 2024 has finally materialized, and the cryptocurrency market is expected to enter a full-fledged bullish season soon. However, in the build-up to the halving event, multiple predictions have emerged about where Shiba Inu prices will go thereafter.

This article summarizes the main predictions for Shiba Inu this season from prominent organizations. Interestingly, Shiba Inu has already started a bullish rally just 24 hours after the Bitcoin halving. At the time of writing, SHIB is trading at $0.00002586, marking a 13% rise in the past 24 hours.

Shiba Inu Chart
Shiba Inu Chart | Coin Market Cap

Shiba Inu price will drop to $0.00008845 “soon” after halving

In particular, $0.00008845 is the Shiba Inu’s peak in 2021.At the end of last month, Shiba Inu Ecosystem Marketing Specialist Lucy express confidence loudly SHIB will regain $0.00008845 before April 19th or “immediately after” the halving.

Her bold outlook was inspired by a 350% increase in Shiba Inu numbers early last month. According to Lucie, the Shiba Inu is a digital asset that can pull off the miraculous stunt of hitting all-time highs within weeks.

However, the highest price of Shiba Inu yesterday when Bitcoin was halved was $0.00002353. Although he was unable to regain his ATH goal before SHIB was halved, Shiba Inu ecosystem officials expect that to happen sooner after the event.

This season SHIB ~ $0.0001553

2 weeks ago, renowned market watcher Raffaella Rigo I got it. The Shiba Inu’s current behavior is strikingly similar to the pattern observed in 2021. Notably, the 2021 pattern led to a 1,164% spike in SHIB over 30 days. Based on this observation, analysts have predicted a potential target price for Shiba Inu at $0.00014.

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Similarly, analyst Javon Marks said: It was communicated There was a similar sentiment in his analysis of the Shiba Inu prospects last month. Specifically, Marks argued that once SHIB re-enters the $0.00008 range, the path to $0.0001553 will become more fluid.

Shiba Inu reaches $0.001 after halving

Earlier this month, Bitcoin investor Armando Pantoja shared his outlook on various cryptocurrencies, including Shiba Inu. Specifically, he argued for the following possibilities. SHIB reaches $0.001 In a bull market after a halving event.

His price target suggests SHIB needs to rise 3,660% by 2025. However, forecasting platforms such as Changelly and Telegaon disagree with this outlook, proposing a 10-year timeline.

SHIB price if Bitcoin reaches $100,000, $150,000, or $250,000 after halving

Meanwhile, AI-powered platforms like Gemini, formerly known as Google Bard, Proposed potential stock price target for SHIB In a scenario where BTC reaches a high price such as $250,000 after Bitcoin halving.

Gemini’s bullish prediction for Shiba Inu is that if Bitcoin reaches $100,000, the price is $0.00005564. Additionally, the company’s ambitious estimate for Shiba Inu is $0.00013856, which would result in Bitcoin skyrocketing to $150,000 after the halving, and $0.00014 if BTC rises to $250,000.

Shiba Inu, history repeats like Bitcoin after halving

Remarkably, after the 2020 halving, Bitcoin surged approximately 721% to an 18-month high of $64,863. If history repeats itself, Bitcoin’s 2024 half-day low of $59,651 could push its price above $489,000.

In contrast, the Shiba Inu experienced something amazing. Profit of at least 884,400% After the 2020 halving. If this historical pattern repeats, it would suggest a potential for his SHIB price of $0.196.

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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