{"id":12209,"date":"2024-10-08T07:22:33","date_gmt":"2024-10-08T07:22:33","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=12209"},"modified":"2024-10-08T07:22:33","modified_gmt":"2024-10-08T07:22:33","slug":"top-shiba-inu-shib-price-predictions-is-a-bull-run-this-month-still-possible","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=12209","title":{"rendered":"Top Shiba Inu (SHIB) Price Predictions: Is a Bull Run This Month Still Possible?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

SHIB faced a sharp correction after a brief rally in September but is showing signs of recovery.
\nSome analysts predict a potential bull run, but extreme targets (e.g., $0.01) are unrealistic.<\/p>\n

<\/a><\/span><\/h2>\n

SHIB Rally in the Following Weeks?<\/h2>\n

The popular meme coin made the headlines at the end of last September, with its price reaching a three-month high and its market capitalization briefly exceeding $12.5 billion. <\/span>The community expected that October <\/span>will<\/span> offer additional gains given <\/span>the fact that it has been<\/span> a historically good period <\/span>for the entire cryptocurrency industry<\/span>.<\/span>\u00a0<\/span><\/p>\n

Contrary to the presumption, though, the sector experienced a severe correction. Shiba Inu (SHIB) was among the worst-affected assets, dropping to a local low of around $0.00001570 on October 3. Since then, it has recovered some <\/span>of the<\/span> losses and is currently trading at approximately $0.00001738 (per CoinGecko\u2019s data).
\n<\/span><\/p>\n

<\/a>SHIB Price, Source: CoinGecko<\/p>\n

Despite the shaky performance <\/span>as of late<\/span>, some analysts remain optimistic that SHIB will enter <\/span>into<\/span> a bull run mode in the weeks to come.<\/span> The X user CRYPTO SHERIFF supports that thesis. The enthusiast <\/span>noted<\/span><\/a> the asset\u2019s resurgence following the pullback, predicting that \u201cthe rise will accelerate\u201d soon.\u00a0<\/span><\/p>\n

Another <\/span>popular<\/span> analyst who envisioned good days ahead for SHIB is the X user Yoddha. <\/span>Earlier this week, they <\/span>claimed<\/span><\/a> the price pattern had formed a specific triangular shape, which could be followed by a 130% rally\u00a0<\/span>if broken to the upside<\/span>.<\/span>\u00a0<\/span><\/p>\n

How <\/span>About<\/span> a <\/span>SHIB <\/span>Price Explosion<\/span> to<\/span> $0.1?<\/span><\/h2>\n

Some hardcore proponents of the meme coin often tease the target of 1 cent, believing SHIB has much more room for growth in the <\/span>next<\/span> years.<\/span><\/p>\n

It is worth noting that such an impressive rally would require its market cap to the absurd $58 trillion. <\/span>Currently,<\/span> the total capitalization of the entire cryptocurrency sector is less than $2.3 trillion, making the assumption sound ridiculous.<\/span><\/p>\n

The X user Altcoin Daily chipped in on the matter, <\/span>explaining<\/span><\/a> how unlikely such a scenario <\/span>really<\/span> is:<\/span><\/p>\n

\u201cI heard someone talking about <\/span>they bought<\/span> SHIB because if it only goes to 1c next year <\/span>then<\/span> they will be a millionaire. This is literally not possible with SHIB\u2019s current market cap. Learn how to value coins in market cap <\/span>vs<\/span> price.\u201d<\/span><\/p>\n

\u00a0<\/p>\n

The post Top Shiba Inu (SHIB) Price Predictions: Is a Bull Run This Month Still Possible?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR SHIB faced a sharp correction after a brief rally in September but is showing signs of recovery. Some analysts predict a potential bull run, but extreme targets (e.g., $0.01) are unrealistic. SHIB Rally in the Following Weeks? The popular meme coin made the headlines at the end of last September, with its price reaching […]<\/p>\n","protected":false},"author":0,"featured_media":12210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-12209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/12209"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12209"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/12209\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/12210"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}