Expert in the market Armando Pantoja predicts that Shiba Inu will reach the audacious $0.001 price target following the event, with only a few weeks until the next Bitcoin halving.
Leading industry analysts have released positive post-halving projections for Shiba Inu (SHIB) as the much awaited Bitcoin halving event draws nearer.
In a recent X post, well-known investor Armando Pantoja revealed his post-halving aim for Shiba Inus. The analyst believes that following the much awaited Bitcoin halving event, Shiba Inu will reach a significant target of $0.001 and above.
Pantoja established post-halving price targets for several popular cryptocurrency assets in addition to Shiba Inu. The analyst believes that following the impending halving, cryptocurrencies like Bitcoin would rise to $250,000, Ethereum (ETH) to $20,000, XRP (XRP) to $10, and Solana (SOL) to $800.
Journey of Shiba Inu to $0.001
Shiba Inu’s $0.001 price target set by Pantoja aligns with the forecasts of other experts. As previously reported, well-known member of the cryptocurrency community Increasity believes that current bull cycle will see Shiba Inu reach the $0.001 target.
At its present pricing, reaching the $0.001 goal would seem impossible. As of writing, $0.00002732 was being exchanged for Shiba Inu.
Shiba Inu needs to rise 3,660% from its present price in order to reach the $0.001 aim from this point. Remarkably, Shiba Inu’s $0.001 post-halving aim is 1,130% greater than its all-time high of $0.00008845, set on October 28, 2021.
Will There Be a Bull Run After This Upcoming Halving?
For those who don’t know, this month is anticipated to see the forthcoming Bitcoin halving. Analysts estimate that this year’s event will occur between April 16 and April 20.
The amazing event, which takes place every four years, sees the earnings for Bitcoin miners cut in half. The incentives for miners will decrease from 6.25 BTC to 3.125 BTC after this halving.
Similar to the three previous occasions since Bitcoin’s launch in 2009, the impending halving is anticipated to bring in a favorable market trend.
Telegaon and Changelly I don’t think Shiba Inu will reach its $0.001 target very soon.
While some observers predict that Shiba Inu will reach $0.001 following its halving, others do not believe this will happen anytime soon.
For example, analysts at cryptocurrency exchange Changelly predict that Shiba Inu won’t reach the $0.001 mark before 2033. Furthermore, Telegaon, a cryptocurrency analytics platform, predicts that SHIB’s price will increase to $0.001 by 2035.
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