As the Shiba Inu (SHIB) rally continues to ramp up, several crypto market analysts have given their predictions for the second largest memecoin.
In a recent video, the popular crypto YouTube influencer, Oscar Ramos, shared his new price expectations for the meme coin. He pointed out that SHIB will certainly break its former all-time high (ATH) records to reach $0.0001 during the bull run. Ramos said,
“It is 100% accurate, and it’s just going to happen.”
Is $0.0001 SHIB Possible?
The influencer explained that his prediction is based on his experience with how SHIB’s price quickly skyrocketed during the 2021 bull run. He expressed his conviction that the meme coin would experience a similar surge in the current market cycle.
Ramos also noted that the $0.0001 price prediction for SHIB is the most logical based on the token’s supply and demand. He said,
“I typically keep my expectations realistic on every single token. But I have witnessed what happened in October 2021. I know just how fast this token, with the right hype, the right momentum, the right FOMO, and the right retail money can do.”
Ramos further explained that the growing number of Ethereum whales holding a lot of SHIB would contribute to a massive surge in the memecoin’s price. He pointed out that ETH has currently not witnessed a significant increase despite the overall bullish market conditions.
However, when ETH finally rallies, it would affect other Ethereum-based tokens, including SHIB, taking the memecoin’s price to new unprecedented levels.
Ramos’ predictions come at a time when SHIB is garnering massive attention, especially as several retail investors continue to accumulate the memecoin. The significant inflow of capital, in addition to bullish sentiments across the broader crypto market, has pushed SHIB’s price to $0.00002.
Earlier today, SHIB dethroned many popular cryptocurrencies, including MATIC, TRX, LINK, and DOT, to become the 11th largest cryptocurrency by market capitalization.
A Warning Sign
Ramos, however, warned that investors should immediately exit their SHIB positions when prices start getting insane. He said,
“When you start seeing the delusional prices that I wasn’t even thinking about, let’s say we go to $0.0002. That is an unbelievable amount of money that is put in a project. Absolutely a clear sign of a bubble. Abandon the SHIB!”
