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Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
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Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Crypto Analyst Predicts Shiba Inu Price To Rise 5000% To $0.001 – Here’s When

Scott Matherson
Scott Matherson
1 year ago
3 mins read
Shiba Inu price

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Crypto analyst Armando Pantoja recently outlined his price targets for several crypto tokens after the fast-approaching Bitcoin Halving. Although he included price targets for Bitcoin and Ethereum, his ambitious price target for Shiba Inu (SHIB) was what caught the attention of the crypto community. 

Shiba Inu To Hit $0.001 After The Halving

Pantoja predicted in an X (formerly Twitter) post that Shiba Inu could rise to $0.001 after the Bitcoin Halving occurs later this month. As expected, this price prediction has raised eyebrows, considering SHIB’s current price level. Moreover, a rise to $0.001 represents a 5,000% gain for the meme coin, which already looked to have used up its bullish momentum in the 2021 bull run when it recorded a price increase of 46,000,000%.

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Interestingly, Pantoja’s prediction isn’t the most bullish price prediction made for Shiba Inu so far. Crypto analyst Ali Martinez previously predicted that the meme coin could rise to as high as $0.011, although he didn’t state when exactly this would happen. Some other crypto analysts have also given their thoughts on SHIB’s future trajectory, although not as bullish as Pantoja and Martinez’s predictions. 

Pseudonymous crypto analyst and trader Xanrox predicted that SHIB could see a 300% gain before year-end. Additionally, he suggested that the meme coin could see a new all-time high of $0.00008854. Crypto analyst Javon Marks also predicted that Shiba Inu could rise to as high as $0.0001553 at some point in this market cycle. 

Crypto analyst Altcoin Sherpa, for his part, cautioned crypto investors against expecting similar returns to the one SHIB recorded in the last bull run. He stated that those investing in the meme coin are unlikely to see as much as a 20 times return on their investment. 

XRP To Rise To $10

Pantoja also predicted that XRP could rise to between $3 and $10 after the Halving. This is another eye-catching price prediction considering XRP’s current price level and how much the crypto token has continued to lag despite the impressive gains recorded in the broader crypto market. 

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However, Pantoja isn’t the only crypto analyst who believes that XRP could rise to $10. Crypto analyst CrediBULL Crypto recently mentioned that XRP rising to $10 is possible since Ethereum rising to $10,000 is feasible. Nick, the founder of Web3Alert, also shares similar sentiments. He previously predicted that XRP could rise to $10 based on predictions that Bitcoin and Ethereum will rise to $150,000 and $10,000, respectively. 

This might also have been why Pantoja predicted that XRP could attain this price level; he also predicted that Bitcoin could rise to between $150,000 and $250,000 while Ethereum could rise to between $10,000 and $20,000. 

Shiba Inu price chart from Tradingview.com (Crypto analyst)

SHIB price begins to show strength | Source: SHIBUSDT on Tradingview.com
Featured image from Coinpedia, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

Read more

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

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