In a bold forecast that has energized the SHIB community, prominent analyst “Smile” released a set of predictions for various crypto assets, notably projecting that Shiba Inu (SHIB) could surge to $0.05 if Bitcoin (BTC) reaches $150,000 by 2025.
The forecast, shared on X on Sep. 10, outlined an optimistic scenario for the cryptocurrency market, with Bitcoin leading the charge at a predicted value of $150,000 in 2025. Notably, this surge would represent an increase of about 165% from its current price, implying more substantial growth for altcoins.
The analyst further suggested that if Bitcoin reaches the projected $150,000 mark, Shiba Inu, the second-largest meme cryptocurrency, could experience a significant rally, potentially climbing to $0.05. Such a surge would represent an astronomical gain of nearly 390,000% from its current price, delivering substantial returns for early SHIB holders and marking a pivotal moment for the coin in the broader crypto market.
Notably, the analyst’s predictions extended beyond Bitcoin and Shiba Inu, forecasting significant growth for several major cryptocurrencies. For instance, he expects that Ethereum (ETH), the second-largest by market cap, will reach $10,000 if BTC hits his target. Other bold projections include Dogecoin (DOGE) surging to $25.50, XRP climbing to $200, and Cardano (ADA) hitting $2.60.
That said, it’s important to note that for Shiba Inu to reach $0.05, it would demand a substantial increase in market capitalization and adoption. Currently, Shiba Inu is trading at around $0.00001368, with a market cap of $8 billion. Given its circulating supply of approximately 590 trillion SHIB, critics argue that a surge to $0.05 may be overly ambitious.
Last week, analyst Zach Humphries predicted a potential 10x rise for SHIB but advised caution against excessive optimism. The pundit emphasized that for SHIB to experience such a substantial price increase, the focus must be on Shibarium’s burn mechanism, which could drastically reduce the token’s supply, potentially igniting a significant price surge.
That said, despite the skepticism, the SHIB community remains committed to increasing the token’s burn rate, which has surged significantly in recent months. Notably, in the past 24 hours alone, the burn rate skyrocketed by an impressive 8,193.59%, with 3,106,197 SHIB tokens removed from circulation.
Elsewhere, other analysts, like “Heaven Gurdian,” see SHIB surging to new highs based on a recent breakout from an ascending triangle pattern formation. He further identified multiple price targets based on Fibonacci levels, projecting SHIB to reach around $0.000029 in the next cycle.
At press time, SHIB was trading at $0.0000137, reflecting a 1.63% drop over the past 24 hours.
