A few weeks before the next Bitcoin halving, market expert Armando Pantoja said: Shiba Inu He is of the opinion that the coin will reach its ambitious $0.001 price target after the event.
Pantoja set post-halving price targets for SHIB as well as other top crypto assets. After the upcoming halving, the expert predicts that Bitcoin will reach $250,000. Additionally, we expect Ethereum to rise to $20,000, XRP to $10, and Solana to $800. waiting.
My #Crypto price targets after the halving$BTC: $100k-$250k$ETH: $10k – $20k$ENS: $100+$LEFT: $650-$800$XRP: $10+$PRO: $10+$SHIB: $0.001+$DOGE: $1+$ADA: $3-$10
Thoughts? Did I miss one?
NEWS CONTINUES BELOW— Armando Pantoja (@_TallGuyTycoon) April 5, 2024
Shiba Inu’s Path to $0.001
Pantoja’s $0.001 price target for the Shiba Inu matches other experts’ predictions. As previously reported, Increasity, one of the leading names in the crypto community, is also of the opinion that Shiba Inu will reach the $0.001 target this bull cycle.
Considering its current price, reaching the $0.001 target may seem daunting. Shiba Inu is trading at $0.00002732 at the time of writing.
To reach the $0.001 target from this point, the Shiba Inu would need to rise 3,660% from its current price. It is noteworthy that the post-halving target of $0.001 set for SHIB is also 1,130% higher than the ATH record of $0.00008845 recorded on October 28, 2021.
Will This Upcoming Halving Be a Harbinger of a Bull Run?
Bitcoin halving is expected to happen this month. Analysts predict that the event will take place between April 16-20 this year.
This extraordinary event, which occurs every four years, sees Bitcoin miners’ rewards halved. When this halving occurs, miners’ rewards will drop from 6.25 BTC to 3,125.
The upcoming halving is expected to start a bullish market trend like the previous three events since Bitcoin’s inception in 2009.
Some analysts are of the opinion that Shiba Inu will reach $0.001 after halving. However, others do not expect the token to achieve this success anytime soon.
For example, crypto- Experts from exchange Changelly predict that SHIB will not reach its $0.001 target before 2033. Additionally, crypto analytics platform Telegaon predicts that SHIB price will rise to $0.001 by 2035.
Source : The Crypto Basic