Shiba Inu Set for Monumental Rally to $0.00022, Says Top Trader

Valeriya, a prominent crypto trader with a substantial community following, argues that Shiba Inu is set for a 1,000% surge this month. Shiba Inu has maintained the $0.000022 price level despite the ongoing market dip. Although it bottomed out at $0.00002112 in the last 24 hours, SHIB has seen slight relief, currently trading at $0.00002207. This value represents a more than 15% loss from the previous week but only a 1.75% decline over the last month. Optimism remains high for a significant turnaround in June.

5 Coins Primed for 10X Surge in June:

$5SCAPE $TON $PLAY $SHIB $PEPE

Thoughts on June moon shots?
— Valeriya (@valeriyaApex) June 5, 2024

In a post on X, crypto trader Valeriya claimed Shiba Inu is on track for a 10X rally this month. She highlighted Shiba Inu along with other high-performing tokens like Toncoin (TON) and PEPE as candidates for a 1,000% price increase. A 10X surge would set it a new historical path, potentially trading at $0.00022 with just three leading zeros. While such projections are popular, the specific timeline for June 2024 is less common.

Other Analysts’ Projections

Shiba Inu community analyst SHIB Knight also suggested the asset could make history this June, targeting a value of $0.0001. This would require a 300% surge. SHIB Knight’s forecast is based on his observation of its market trends rather than mere speculation.

Meanwhile, Shiba Inu’s ecosystem market specialist Lucie recently hinted at a potential price surge to $0.0002858 for SHIB, citing ongoing developments within its ecosystem. Drawing from past performance, such as the 1,126% rise in October 2021, Lucie believes the strengthened ecosystem could lead to an even greater increase. However, she did not provide a timeline for this optimistic outlook.

Extended Timeline From Analysts

Analysts from the Changelly crypto exchange predict Shiba Inu could reach $0.0002 by October 2028, revising an earlier forecast of $0.00024 by 2031. Similarly, Telegaon analysts project a minimum price of $0.000207 and an average of $0.000289 for SHIB in 2028. While a 10X surge driving Shiba Inu to $0.00022 this month is contestable, it remains possible given Shiba Inu’s history.

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While the outlook for a 10X surge in June is debated, its past performance and ongoing developments keep the possibility alive.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.