Shiba Inu (SHIB) Cryptocurrency Price Prediction: Experts Forecast 450% Gain by 2025

The Shiba Inu (SHIB) cryptocurrency has experienced a significant price surge, with experts forecasting a potential 450% gain by 2025.

Experts predict that Shiba Inu (SHIB) cryptocurrency could surge by 450% to reach $0.000081 by 2025. This prediction follows a recent period of volatility for the meme coin, which saw a decline of 25% in the past month.

As of February 26, Shiba Inu is trading at $0.00001418, showing a gain of 0.71% over the past 24 hours. However, in the past month, SHIB has experienced a decline of 24.96%, according to data from Bitstamp.

Cryptocurrency analyst Javon Marks has identified a long-term trend for SHIB that could indicate a massive price rally in the future.

According to Marks, “Shiba Inu continues to hold its breakout which took place in late 2022/early 2023 and prices are still majorly positive since then.”

This breakout, which began at $0.000005 in November 2022, has seen SHIB’s price triple to $0.000015 at the time of writing.

Moreover, SHIB has managed to stay above the 2022 lows of $0.000007, which is another key factor to watch.

“If we see a break of this 2022 low, then we might see a return to the 2021 lows,” Marks added.

Key Price Target

One key price target to watch is $0.000081, which represents a 450% surge from current levels.

According to Marks, on-chain data is showing “textbook bull signals” in long-term charts.

At present, the price is encountering resistance at the 700 Fibonacci level, which could serve as a final point of resistance before a breakout.

Other experts have also made bullish predictions for Shiba Inu.

One analyst, who uses the pseudonym DaVinci on the social media platform X (formerly Twitter), has predicted that SHIB will hit $1 by 2028.

Another analyst, who goes by the username ‘Crypto_Mimo’ online, has pointed out that Shiba Inu is currently the second most discussed cryptocurrency on web3.

This is closely followed by Bitcoin (BTC), while the third most discussed token is a new ecosystem that is launching in Q1 2024.

Shiba Inu Is Now Second Most Discussed Cryptocurrency On Web3 – After Bitcoin (BTC) 🦇

The third most discussed token is a new ecosystem that is launching in Q1 2024 and has already begun teasing its arrival. 🤫

Which token do you think it is? 🧐

— mimo (@CryptoMimo) February 25, 2024

Shiba Inu Remains In Focus

Meanwhile, TradingView analyst Paul Endeo says that the direction of Shiba Inu will depend on whether it can hold the support level at $0.147.

If this level breaks down, then a 20% rebound to $0.1718 can be realized. However, if the support holds, then a 10% gain to $0.1611 is possible.

But if this support fails, then a 14% decline to $0.1261 is on the cards.

At the moment, the price is in a downward channel and a break above the resistance at $0.1554 is needed to negate the broader downtrend.

“Breaking this channel to the upside would open the door for a move toward $0.1718,” Endeo said.

Shibarium Launch

Shiba Inu’s new layer-two scaling solution, Shibarium, has been a hot topic in the crypto community.

The blockchain is capable of offering Ethereum-compatible transactions with reduced fees.

According to the project’s founders, Shibarium will also offer faster transaction speeds than Ethereum.

Shibarium is also designed to be more energy-efficient than other blockchain networks.

This is achieved through a unique consensus mechanism that combines the best aspects of proof-of-work (PoW) and proof-of-stake (PoS).

Shibarium is a modular blockchain, which means that it can be easily adapted to meet the needs of different dApps and projects.

This flexibility will allow Shibarium to become a hub for innovation in the Web3 space.

Moreover, Shibarium will be powered by its own native token, which will be used for paying transaction fees and securing the network.

The token will also grant holders the right to vote on proposals that affect the future of the blockchain.

Shiba Inu’s large community is a key factor in the coin’s success.