{"id":629288,"date":"2024-07-11T20:00:01","date_gmt":"2024-07-11T20:00:01","guid":{"rendered":"https:\/\/uniquehot.com\/?p=629288"},"modified":"2024-07-11T15:05:06","modified_gmt":"2024-07-11T15:05:06","slug":"forbes-shiba-inu-price-0-0003","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/forbes-shiba-inu-price-0-0003\/","title":{"rendered":"Forbes Says Shiba Inu Price Will Rise 1,700% To Reach $0.0003 ATH, Here\u2019s When"},"content":{"rendered":"

The Shiba Inu price<\/a> and where it could be headed has long been a bone of contention among analysts. While some see the meme coin struggling for the foreseeable future, others expect the coin to resume its rally and actually reach a new all-time high. A new Forbes report falls in the latter category, expecting a significant surge in price towards new highs.<\/p>\n

Shiba Inu Price To Reach New ATH<\/h2>\n

In the Forbes report<\/a>, the Shiba Inu token is lauded for its development and growing utility, pushing it to become the 13th-largest cryptocurrency in the space. However, over the last few years, the price has struggled and has failed to reclaim its $0.00008 all-time high despite the bitcoin price reaching new highs.<\/p>\n

Related Reading: Dogecoin Price In Trouble Amid 108 Million DOGE Dump On Robinhood<\/a><\/div>\n

The report points to a number of predictions, while tracing the performance of Shiba Inu through the years. One notable prediction is that of Utkarsh Tiwari, the chief strategy officer of KoinBX. Tiwari predicts that the price of SHIB could rally more than 100% from its current level to reach above $0.00003. The strategist believes that this could happen for the meme coin<\/a> sometime around the end of 2024.<\/p>\n

However, for Forbes, a more realistic price point for the meme coin was set at $0.0001 to $0.0003. This deviates from Tiwari\u2019s upper bound of $0.000396 for 2024, as it is a reasonable distance away from the current SHIB price of $0.000016.<\/p>\n

In the longer time frame, Tiwari predicts that\u00a0<\/span>the Shiba Inu price<\/a> could go as high as $0.0000456 in favourable market conditions by 2025.<\/span>\u00a0However, pointing to \u201ctechnological advancements and regulatory updates,\u201d the report puts the price as high as $0.00007488 for 2025.<\/p>\n

SHIB Sees Dwindling Pressure<\/h2>\n

Amid the high expectations for the Shiba Inu price, the meme coin has continued to struggle in the market. The market sell-offs affected the price <\/a>over the last week, pushing it down to retest the support at $0.000016. Although the support held, it has shown how much pressure the bears are putting on the price.<\/p>\n

Related Reading: Crypto Analyst Says Bitcoin Could Reach $100,000, But What About Altcoins?<\/a><\/div>\n

On the volume front, the SHIB token is still struggling,<\/a> as CoinMarketCap data shows a 22% decline in the last 24 hours alone. However, this could be good for the meme coin as it could mean that sellers are running out of steam, which could see the price push back up once again.<\/p>\n

For now, bulls continue to maintain the Shiba Inu price<\/a> above $0.000016, getting a small boost from inflation data coming in lower than expected at 3%.<\/p>\n

\"Shiba
SHIB bears push down price | Source: SHIBUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The Shiba Inu price and where it could be headed has long been a bone of contention among analysts. While some see the meme coin struggling for the foreseeable future, others expect the coin to resume its rally and actually reach a new all-time high. A new Forbes report falls in the latter category, expecting a significant surge in price towards new highs. Shiba Inu Price To Reach New ATH In the Forbes report, the Shiba Inu token is lauded for its development and growing utility, pushing it to become the 13th-largest cryptocurrency in the space. However, over the last few years, the price has struggled and has failed to reclaim its $0.00008 all-time high despite the bitcoin price reaching new highs. Related Reading: Dogecoin Price In Trouble Amid 108 Million DOGE Dump On Robinhood The report points to a number of predictions, while tracing the performance of Shiba Inu through the years. One notable prediction is that of Utkarsh Tiwari, the chief strategy officer of KoinBX. Tiwari predicts that the price of SHIB could rally more than 100% from its current level to reach above $0.00003. The strategist believes that this could happen for the meme coin sometime around the end of 2024. However, for Forbes, a more realistic price point for the meme coin was set at $0.0001 to $0.0003. This deviates from Tiwari\u2019s upper bound of $0.000396 for 2024, as it is a reasonable distance away from the current SHIB price of $0.000016. In the longer time frame, Tiwari predicts that\u00a0the Shiba Inu price could go as high as $0.0000456 in favourable market conditions by 2025.\u00a0However, pointing to \u201ctechnological advancements and regulatory updates,\u201d the report puts the price as high as $0.00007488 for 2025. SHIB Sees Dwindling Pressure Amid the high expectations for the Shiba Inu price, the meme coin has continued to struggle in the market. The market sell-offs affected the price over the last week, pushing it down to retest the support at $0.000016. Although the support held, it has shown how much pressure the bears are putting on the price. Related Reading: Crypto Analyst Says Bitcoin Could Reach $100,000, But What About Altcoins? On the volume front, the SHIB token is still struggling, as CoinMarketCap data shows a 22% decline in the last 24 hours alone. However, this could be good for the meme coin as it could mean that sellers are running out of steam, which could see the price push back up once again. For now, bulls continue to maintain the Shiba Inu price above $0.000016, getting a small boost from inflation data coming in lower than expected at 3%. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":629296,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[83668,89178,84473,83667,89157,86437,84562,84558],"class_list":["post-629288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-shib","tag-shib-news","tag-shib-price","tag-shiba-inu","tag-shiba-inu-news","tag-shiba-inu-price","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\nForbes Says Shiba Inu Price Will Rise 1,700% To Reach $0.0003 ATH, Here\u2019s When<\/title>\n<meta name=\"description\" content=\"The Shiba Inu price and where it could be headed has long been a bone of contention among analysts, without ample conclusion.\" \/>\n<meta name=\"robots\" content=\"index, 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Forbes Says Shiba Inu Price Will Rise 1,700% To Reach $0.0003 ATH, Here\u2019s When","url":"http:\/\/uniquehot.com\/news\/shiba-inu-coin\/forbes-shiba-inu-price-0-0003\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/shiba-inu-coin\/forbes-shiba-inu-price-0-0003\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/Shiba-Inu-price.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/Shiba-Inu-price.jpeg?fit=1792%2C1024"},"articleSection":"Shiba Inu Coin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["shib","shib news","shib price","shiba inu","shiba inu news","shiba inu price","shibusd","shibusdt"],"dateCreated":"2024-07-11T20:00:01Z","datePublished":"2024-07-11T20:00:01Z","dateModified":"2024-07-11T20:00:01Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Forbes Says Shiba Inu Price Will Rise 1,700% To Reach $0.0003 ATH, Here\\u2019s When\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/shiba-inu-coin\\\/forbes-shiba-inu-price-0-0003\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/shiba-inu-coin\\\/forbes-shiba-inu-price-0-0003\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Shiba-Inu-price.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Shiba-Inu-price.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Shiba Inu Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"shib\",\"shib news\",\"shib price\",\"shiba inu\",\"shiba inu news\",\"shiba inu price\",\"shibusd\",\"shibusdt\"],\"dateCreated\":\"2024-07-11T20:00:01Z\",\"datePublished\":\"2024-07-11T20:00:01Z\",\"dateModified\":\"2024-07-11T20:00:01Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/Shiba-Inu-price.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/629288"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=629288"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/629288\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/629296"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=629288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=629288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=629288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}