Shiba

when

Shiba Inu

Emily

<p>Crypto analyst Eljaboom has provided insights into how <a href="https://bitcoinist.com/shiba-inu-etf-petition-10000/" rel="nofollow">Shiba Inu (SHIB)</a> could rise in <a href="https://bitcoinist.com/bitcoin-bull-market-glassnode/" rel="nofollow">this bull run</a>. The analyst alluded to history to show that the second-largest meme coin by market cap can still reach <a href="https://bitcoinist.com/122000-surge-shiba-inu-price/" rel="nofollow">unprecedented heights</a>.&nbsp;&nbsp;</p> 
<h2 id="shiba-inu-to-reach-0-00024-in-this-bull-run">Shiba Inu To Reach $0.00024 In This Bull Run</h2> 
<p>Eljaboom suggested in an X (formerly Twitter) <a href="https://x.com/Eljaboom/status/1799411824665776584" rel="nofollow">post</a> that Shiba Inu will rally by over 1,000% to reach $0.00024 in this bull run. This came following his remarks that history was repeating itself for SHIB. The accompanying chart he shared showed that the analyst was expecting Shiba Inu to experience a similar price surge <a href="https://bitcoinist.com/bitcoin-shatters-profit-taking-streak-2021-bull-run/" rel="nofollow">as it did in 2021</a>, although way higher this time around.</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-624265" src="https://www.newsbtc.com/wp-content/uploads/2024/06/Shiba-Inu.png?w=460&amp;resize=460%2C456" alt="Shiba Inu" width="460" height="456" srcset="https://www.newsbtc.com/wp-content/uploads/2024/06/Shiba-Inu.png?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/06/Shiba-Inu.png?w=460&amp;resize=460%2C456 460w, https://www.newsbtc.com/wp-content/uploads/2024/06/Shiba-Inu.png?w=42 42w, https://www.newsbtc.com/wp-content/uploads/2024/06/Shiba-Inu.png?w=75 75w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
<p>Crypto analyst Crypto Emily seemed to agree with Eljaboom’s prediction, <a href="https://x.com/Crypto__emily/status/1799412830451499195" rel="nofollow">stating</a> that anyone who has lost faith in Shiba Inu is “clueless.” Meanwhile, Eljaboom’s prediction aligns with other crypto analysts who predict that Shiba Inu will shed another zero and rise to $0.0001. One is Javon Marks, who <a href="https://www.newsbtc.com/shiba-inu/crypto-analyst-shiba-inu-target/">predicts</a> that SHIB will eventually rise to $0.0001553.&nbsp;</p> 
<p>Crypto analyst Capt Toblerone <a href="https://www.newsbtc.com/news/shiba-inu-coin/shiba-inu-elliot-wave-count/">shared</a> a similar prediction to Eljaboom’s own while using the Elliot Wave Theory to analyze Shiba Inu’s chart. The chart showed that SHIB will rise to $0.00022 when wave 3 of the five-way sequence occurs. Interestingly, the analyst suggested that Shiba Inu’s rise to this price level could happen by September this year.&nbsp;</p> 
<p>Meanwhile, other crypto analysts, like Armando Pantajo, have made more bullish price predictions for SHIB in this bull run. Pantajo <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-price-5000-0-001/#:~:text=Pantoja%20predicted%20in%20an%20X,considering%20SHIB's%20current%20price%20level.">predicted</a> that Shiba Inu would shed two zeros and rise to $0.001. Crypto analyst Ali Martinez went one further and <a href="https://bitcoinist.com/122000-surge-shiba-inu-price/" rel="nofollow">predicted</a> that Shiba Inu could shed three zeros and rise to $0.011.</p> 
<h2 id="factors-that-can-spark-shiba-inu-s-unprecedented-price-surge">Factors That Can Spark Shiba Inu’s Unprecedented Price Surge</h2> 
<p>Several factors could contribute to Shiba Inu’s parabolic rise to such heights. One is the institutional adoption of the meme coin. The <a href="https://bitcoinist.com/shiba-inu-wallet-scam/" rel="nofollow">Shib community</a> has been actively working towards achieving this by petitioning <a href="https://bitcoinist.com/grayscale-michael-sonnenshein-steps-down-as-ceo/" rel="nofollow">Grayscale</a> to consider launching a <a href="https://bitcoinist.com/shiba-inu-lead-dev-hints-at-shib-spot-etf-coming/" rel="nofollow">SHIB ETF</a>. Interestingly, this petition has gained over 10,000 signatures, highlighting the community’s dedication to the cause.&nbsp;</p> 
<p>The potential launch of a Shiba Inu ETF would bring new money into the meme coin’s ecosystem, which could trigger this parabolic price surge. New money is also expected to flow into the SHIB ecosystem when the team finally launches the proposed <a href="https://bitcoinist.com/shiba-inu-12-million-develop-layer-3/" rel="nofollow">privacy-focused layer-3 network</a>. More users are expected to troop into the Shiba Inu ecosystem to enjoy such utility.</p> 
<p>Meanwhile, <a href="https://bitcoinist.com/shiba-inu-shibarium-transactions/" rel="nofollow">layer-2 network Shibarium</a> undoubtedly still has a significant role to play in SHIB’s growth. The network has already committed to using some of the network fees earned for <a href="https://bitcoinist.com/shiba-inu-burns-bright-shib/" rel="nofollow">Shiba Inu token burns</a>. As such, Shibarium can be expected to carry out massive token burns again once daily transactions on the network pick up.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/gDGV8KTs/" alt="Shiba Inu price chart from Tradingview.com" width="3286" height="1576">

Historical Trends Suggest Shiba Inu Price Will Rally 1,000% To $0.00024, Analyst Reveals When

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