Jason Williams and Yazan, two widely followed Bitcoin analysts, have proposed a target of $0.05 for Shiba Inu in this bull market.
Williams and Yazan, in their individual social media posts, have unequivocally stated that their target for Shiba Inu in this cycle is $0.05. This bold prediction is part of their comprehensive outlook for the leading cryptocurrencies in the market, including Bitcoin, Ethereum, and XRP.
In his post, Yazan argued Shiba Inu would hit five cents in a scenario where Bitcoin attains $777K this season. On the other hand, Williams proposed the $0.05 outlook SHIB should Bitcoin reach $250K.
At press time, Shiba Inu trades at $0.0000249 with four leading zeros. Essentially, the Bitcoin analysts expect SHIB to have eliminated three more zeros by 2025. For Shiba Inu to pull this stunt, the dog-themed token must rally by 200,703% within the next year.
Can Shiba Inu Reach $0.05 Next Year?
Notably, Shiba Inu soared by 884,400% after the Bitcoin 2020 halving brought a bull market that ended in 2021. While the optimism for SHIB to repeat history remains high, analysts’ popular outlook in such a scenario is for the asset to eliminate one zero and trade around $0.0001 or slightly above.
For instance, analyst Dona, known for accurate Dogecoin predictions, believes Shiba Inu’s price will not exceed $0.000114 this bull season. Similarly, Analysts Eunice Wong and Bunchhieng on TradingView have targeted $0.0001 for Shiba Inu in the near future, drawing from the asset’s history.
Moreover, analysts at prediction platform Telegaon proposed a 2040 date for Shiba Inu to reach $0.05, sixteen years away.
Converesely, experts at Changelly do not believe Shiba Inu could attain $0.05 in any foreseeable future. In particular, they proposed no date for such a price target, suggesting $0.033 as Shiba Inu’s potential highest value by 2050.
Essentially, the suggestion of Shiba Inu attaining $0.05 this season is an isolated projection, which does not entirely eliminate its possibility.
Meanwhile, at a price of $0.05, SHIB’s market capitalization would soar to $29 trillion, far surpassing Bitcoin’s current market cap of $1.3 trillion. Even if Bitcoin’s value were to climb to $500,000 by next year, its market cap would still fall short of $29 trillion.
