Shiba Inu Expert Urges Holders to Remain Optimistic
The Shiba Inu (SHIB) cryptocurrency gained significant attention during the 2021 bull run due to its rapid surge. Created by Ryoshi in August 2020, SHIB quickly became the second-largest meme coin by market cap, surpassing even the expectations of Ethereum founder Vitalik Buterin.
Expert Advices SHIBArmy
Its remarkable growth turned a $12 investment into $1 million in just over a year, leading many investors to hope for a repeat performance. Optimism about SHIB’s potential to replicate its 2020-2021 rally has resulted in bullish projections, with some experts, such as market commentator Luis “Del Crxpto” Delgado, predicting a price target of $0.01, representing a 72,468% surge from current values.
Read Also: Terraform Lab Announces Final Chain Upgrade as TFL Nears Operational Wind-Down
While some analysts, including Shiba Inu marketing specialist Lucie, express confidence in SHIB reaching $0.01, they also note that this achievement may occur over a longer timeframe and not during the current market cycle.
Despite the optimism, some SHIB proponents have voiced concerns about the cryptocurrency’s failure to achieve new all-time highs, as it still trades 84% below its peak value in October 2021.
Del Crxpto addressed these concerns by pointing out the historical performance of Dogecoin, which took six years before investors saw significant gains. Drawing a parallel, he emphasized the importance of patience and realistic expectations for the future performance of Shiba Inu. Del Crxpto, who has previously profited from Dogecoin, has now invested his profits in SHIB, expecting a similar uptrend.
Read Also: Shiba Inu Price Drops – Essential Levels to Monitor for a Bullish Turnaround
Follow us on Twitter, Facebook, Telegram, and Google News
Meet Daniel Abang: Crypto guru, content creator, and analyst. With a deep understanding of blockchain, he simplifies complex concepts, guiding audiences through the ever-changing crypto landscape. Trusted for his insightful analysis, Daniel is the go-to source for staying informed and empowered in the world of cryptocurrency.
