Top analyst says Shiba Inu has to 30X, never go to zero

Widely followed analyst Davy Satoshi has argued that Shiba Inu is a prime candidate among crypto assets capable of rallying as much as 3,000% this bullish season.

Davy resonant In a recent post on X he expressed this sentiment while expressing his thoughts on meme coins that are here to stay in the crypto landscape and will never fail. Notably, the analyst boldly claimed that Shiba Inu is one of the meme-based crypto assets he believes can achieve 10 to 30x returns without falling to zero.

Why can’t Shiba Inu go to zero?

The market pundit did not detail the reasons for his confidence in SHIB’s potential 30x upside and its resilience against falling to zero. However, given the historical data, this optimism is not unfounded.

As reported by The Crypto Basic, Shiba Inu’s performance following Bitcoin’s last halving was nothing short of remarkable, with gains of over 800,000%. The returns are even more surprising considering SHIB’s lowest ever level.

Furthermore, the meme-inspired Shiba Inu project is nearing its four-year anniversary, and it continues to maintain significant influence in the crypto landscape. Shiba Inu survived the onslaught of bears in the crypto market until 2022 and 2023. Notably, it consistently maintained its position in the top 20 most valuable cryptos.

Meanwhile, other meme coins that made waves in the crypto market in the past have either been phased out or pushed to the very back seat. Interestingly, some of the meme coins launched in this early bull market phase have already been delisted.

Basically, the Shiba Inu has proven its enduring potential over the years. Furthermore, the Shiba Inu development team is actively releasing meaningful updates. They continue to build strategic partnerships that not only benefit SHIB but also have the potential to positively impact the broader technology sector.

– Advertisement –

Shiba Inu doing 30X

Currently priced at $0.00002251, Davy predicts that SHIB will experience growth of 1,000% to 3,000%, he estimates that the Shiba Inu token could reach between $0.0002251 and $0.0006753 within the next year.

These price levels would represent new highs for Shiba Inu, surpassing its 2021 peak of $0.00008845. Furthermore, Davy is not alone in his bullish outlook. Other analysts have also estimated similar targets for Shiba Inu in the current bull market.

Estimated to have 30x gains over other meme coins

Notably, other meme coins included in Davy’s list include the most valuable, Dogecoin (DOGE), and close contenders like PEPE and Dogwifht (WIF). Meanwhile, Davy sees 30X potential in Coq Inu (COQ), a new contender in the meme coin landscape.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may constitute the personal opinion of the author and do not reflect the opinion of Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.

-Advertisement-



#

Disclaimer : The content in this article is for educational and informational purposes only.

Leave a Reply

Your email address will not be published. Required fields are marked *