Cryptocurrency luminary and early Bitcoin prophet Davinci Jeremie has projected that Shiba Inu (SHIB), the self-proclaimed “Dogecoin-killer,” is set to experience a meteoric rise of over 100%.
In a tweet on Tuesday, Jeremie confidently stated, “Once it’s finished going down, and it breaks out, could break out above the 0.000025 or the 0.00003, that’s it… it’s going all the way to 0.00006, so that’s why I’m going to get some Shiba.”
His tweet promptly captured the attention of Shytoshi Kusama, the lead developer of Shiba Inu, and the fervent SHIB community, which resonated with his outlook.
This isn’t the first time Jeremie has shown faith in SHIB. Last month, the pundit advocated for including SHIB in investors’ portfolios, emphasizing its potential alongside Bitcoin. His endorsement carries weight within the crypto community, given his track record of accurately predicting early Bitcoin booms.
In 2011, the pundit famously advised investing a mere dollar into Bitcoin, stating, “I suggest you take one dollar $1, buy some Bitcoins and put it away…the way I see it um that will be worth a million dollars…but the odds are most of you 90% of you are not going to buy even $1 worth of Bitcoins for what reason I have no idea. Anyways if you take my advice um that’s great if not, that’s the way it is.” Since then, he’s earned the moniker “I told you so” guy.
Elsewhere, crypto analyst Armando Pantoja echoed Jeremie’s optimism, foreseeing a future where SHIB reaches $0.001 in the next 1 to 2 years. Pantoja cited three factors underpinning his conviction: the burgeoning retail hype, favorable market conditions driven by the Bitcoin halving, and SHIB’s pronounced correlation with BTC’s price movements.
SHIB’s recent ascent has been remarkable, catapulting it into the global top 10 crypto assets, momentarily surpassing Cardano (ADA) earlier on Tuesday. This milestone coincides with a broader positive sentiment towards meme coins, exemplified by significant gains in tokens like Floki and Dogwifhat.
Several catalysts fuel SHIB’s rally, including strategic partnerships, resurging investor interest, and recent technological enhancements within the Shiba Inu ecosystem. Notably, the project’s burning mechanism, coupled with an accelerated burning rate, aims to curtail supply and heighten scarcity. Furthermore, the recent upgrade to Shibarium, a layer-2 scaling solution, fortifies the network’s stability and augments user experience.
At press time, SHIB was trading at $0.000025, reflecting a 4.35% loss over the past 24 hours, according to CoinMarketCap.
