Shiba Inu Price Prediction: When Will SHIB Hit $0.00017?

Various crypto influencers and platforms provide differing timelines for Shiba Inu to reach the $0.00017 target amidst current market conditions.

SHIB is currently trading at $0.00002378, which is 49% below its peak price from early March.

While some analysts expect SHIB to hit $0.0001 by 2025, others, like Oscar Ramos, project a potential rise to $0.00017 by the same year.

A prominent figure in the cryptocurrency community, Oscar Ramos, recently suggested that Shiba Inu (SHIB) could reach a price of $0.00017 by 2025 despite the prevailing bearish sentiment.

This forecast comes at a time when SHIB has struggled in the market, currently trading at $0.00002296, marking a significant 49% decline from its early March high.

Analyzing Shiba Inu's Potential Price Movements

Ramos, known for his optimistic views on Shiba Inu, aligns his prediction with the expected end of the crypto bull season next year, indicating a potential 640% gain for those investing in SHIB at its current price.

In contrast, experts from the trading platform Changelly anticipate it could take up to six years for SHIB to achieve the $0.00017 mark, suggesting a more conservative peak of $0.000059994 for the upcoming bull season.

Furthermore, prediction platform Telegaon shares a similar cautious stance, while other market analysts remain bullish, foreseeing SHIB surpassing the $0.0001 mark by 2025 based on its historical performance and recent market actions.

$SHIB $0.00017 Coming this 2025 IMO. https://t.co/76XtSKeaqV before it's too late pic.twitter.com/hgTHseJlHK

— Oscar Ramos (@realOscarRamos1) May 2, 2024

Expert analysis and community expectations

In a notable rally nine weeks ago, SHIB surged 373% from $0.0000095 to $0.000045 in just eight days. Eunice Wong, a market analyst, cited this trend to suggest a possible repeat that could propel SHIB to $0.000125.

Additionally, Kuro, a Japan-based enthusiast, believes SHIB could stabilize at $0.00011 as its new floor price, particularly after its recent performance against the JPY on Binance Japan.

Shiba Inu has also been active in expanding its partnerships, recently joining the CDSA—a consortium that includes major companies like Netflix, Apple, and Amazon—to leverage its Shibarium technology in addressing piracy issues.

Following this, Shytoshi Kusama, SHIB's lead developer, announced a significant new agreement, underscoring ongoing efforts to enhance SHIB's market position and utility.