SHIB Price Prediction: Trader Reveals Timeline for Shiba Inu Coin Bull Run
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Shiba Inu (SHIB), often called the “Dogecoin Killer,” has undergone a surprising transformation. This meme-inspired cryptocurrency has clawed its way up from an internet joke to a potential powerhouse in the digital asset market. But is it ready to truly take off?
Amid recent market fluctuations, renowned crypto trader Coach K Crypto has shared a timeline predicting when Shiba Inu might enter a full bull market, using historical data to back up his forecasts.
Dive deeper to find out what Coach K Crypto predicts and what the future might hold for SHIB.
Shiba Inu’s Market PerformanceIn the face of a recent market dip, Shiba Inu’s price briefly drops to $0.00002080 before recovering slightly to $0.00002167 within the last 24 hours.
This dip comes on the heels of a significant surge earlier this year, during which SHIB skyrocketed by over 372% from February 25th to March 6th, achieving a new yearly high above $0.000047. However, the following correction saw SHIB losing much of these gains, though it has managed to stay above its pre-rally levels.
Shiba Inu ($SHIB) launched July 31st in 2020.@Shibtoken went up then simmered down for a few months before ripping from September to April or so.
We're at the exact timing, summer before the real BULL!
Touch Grass, spend time with loved ones.
FULL BULL IS COMING SOON!!! pic.twitter.com/k3G0iBmbSw
Coach K Crypto has noted that SHIB’s current price movements are similar to its past behavior. When SHIB launched on July 31, 2020, it experienced periodic surges, peaking at $0.00003532 in early May 2021.
However, this was followed by a significant correction, with SHIB dropping 80% to $0.00000698 by May 22, 2021. SHIB then entered a bearish phase, struggling to break through resistance levels for several months.
In late September 2021, SHIB began to recover, coinciding with the second phase of the 2021 bull run. This led SHIB to reach an all-time high of $0.00008845 in October 2021.
Bull Run ExpectationsCoach K Crypto believes SHIB might follow a similar pattern in the current bull market, expecting a “real bull” season after summer. While specific price targets aren’t set, analysts predict a range of outcomes for SHIB’s future.
For July, estimates range from a minimum of $0.0000128 to a maximum of $0.0000581, with a potential ROI of 152.6%. Looking ahead to October, experts anticipate SHIB’s price could peak at $0.0000721, with a potential ROI of 213.5%. Further into the future, analysts foresee SHIB maintaining its momentum in 2025, with price expectations ranging from $0.000241 to $0.00053.
Shiba Inu’s journey from a meme coin to a serious digital asset highlights its resilience and the growing interest from investors. With predictions of another bull run on the horizon, SHIB continues to capture the attention of the crypto community.
What are your investment goals for SHIB? Share your strategies and learn from others in the community!