{"id":651810,"date":"2024-11-06T11:00:40","date_gmt":"2024-11-06T11:00:40","guid":{"rendered":"https:\/\/uniquehot.com\/?p=651810"},"modified":"2024-11-06T06:04:11","modified_gmt":"2024-11-06T06:04:11","slug":"shiba-inu-set-for-takeoff-analyst-predicts-10-fold-surge-to-yearly-peak","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-set-for-takeoff-analyst-predicts-10-fold-surge-to-yearly-peak\/","title":{"rendered":"Shiba Inu Set For Takeoff? Analyst Predicts 10-Fold Surge To Yearly Peak"},"content":{"rendered":"<p>Shiba Inu (SHIB), the popular memecoin, is back in the news after a crypto expert issued a bold projection predicting a tenfold growth in its market capitalization.<\/p>\n<p>Zach Humphries outlined certain hopeful variables that might propel <a href=\"https:\/\/coinmarketcap.com\/currencies\/shiba-inu\/\" target=\"_blank\" rel=\"noopener nofollow\">SHIB<\/a> to a market capitalization of $100 billion, bringing its price to $0.000171\u2014a whopping 890% increase over present levels.<\/p>\n<p>Humphries, who has built a reputation for his memecoin market observations, feels SHIB&#8217;s surge is a real possibility, despite its present low price.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/q2-bitcoin-mining-costs-spike-to-nearly-50k-as-miners-look-to-ai-for-survival\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Mining Costs Spike To Nearly $50K As Miners Look To AI For Survival<\/a><\/div>\n<p>In his most recent research, Humphries focuses on the factors that he believes are SHIB&#8217;s most fundamental assets. Among these are its brand strength, loyal community, and the potential return of retail investors who may be willing to take another risk in the memecoin space.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">If <a href=\"https:\/\/twitter.com\/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$SHIB<\/a> does a 10x from current price levels, we will see the asset hit over a $100B market cap.<\/p>\n<p>Here\u2019s why it can happen \ud83e\uddf5<\/p>\n<p>BOOKMARK this. <a href=\"https:\/\/t.co\/SSfUNO6nIr\" rel=\"nofollow\">pic.twitter.com\/SSfUNO6nIr<\/a><\/p>\n<p>\u2014 Zach Humphries (@Z_Humphries) <a href=\"https:\/\/twitter.com\/Z_Humphries\/status\/76763069?ref_src=twsrc%5Etfw\" rel=\"nofollow\">November 5, 2024<\/a><\/p><\/blockquote>\n<h2>Brand Power &amp; Community Support<\/h2>\n<p>Humphries believes that SHIB&#8217;s excellent brand recognition contributes significantly to its attractiveness. Shiba Inu has made a name for itself in the world of memecoins, thanks in large part to its passionate community.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-651813 size-large\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_8f4e93.png?w=860&#038;resize=860%2C828\" alt=\"\" width=\"860\" height=\"828\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_8f4e93.png?w=864 864w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_8f4e93.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_8f4e93.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_8f4e93.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_8f4e93.png?w=750 750w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"><\/p>\n<p>Even after the 2021 rally waned, SHIB supporters remained engaged, helping to keep the organization relevant in a very competitive sector. Humphries claims that this brand strength, paired with SHIB&#8217;s established status in the meme token market, provides it an advantage that fresher tokens lack.<\/p>\n<p>Humphries also notes that for many first-time investors, a well-known token like <a href=\"https:\/\/www.coingecko.com\/en\/coins\/shiba-inu\" target=\"_blank\" rel=\"noopener nofollow\">Shiba Inu<\/a> may appear to be a safer bet in the volatile world of cryptocurrency. With increased demand, particularly if the broader cryptocurrency market becomes positive, SHIB&#8217;s price and reputation might skyrocket. According to Humphries, this flood of new investment could be what propels SHIB toward its $100 billion goal.<\/p>\n<figure style=\"width: 2475px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/XNYtt4Fy\/\" alt=\"\" width=\"2475\" height=\"1163\"><figcaption class=\"wp-caption-text\">SHIB market cap currently at $11.3 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<h2>Another Analyst Predicts 200% Rise<\/h2>\n<p>Analyst &#8220;World Of Charts&#8221; provided a technical forecast alongside Humphries. They observed a new breakout in SHIB, suggesting a 200% increase that might bring it closer to yearly highs. SHIB&#8217;s rebound to $0.00001784 has traders hopeful for future gains.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24Shib&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$Shib<\/a><a href=\"https:\/\/twitter.com\/hashtag\/Shib?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Shib<\/a> Already Running In 50% Profit So Far &amp; Now Verge On Another Descending Broadening Wedge Expecting Another 2x Incase Of Successful Breakout <a href=\"https:\/\/t.co\/YPxA9ByPk3\" rel=\"nofollow\">https:\/\/t.co\/YPxA9ByPk3<\/a> <a href=\"https:\/\/t.co\/ftL0x5HsSW\" rel=\"nofollow\">pic.twitter.com\/ftL0x5HsSW<\/a><\/p>\n<p>\u2014 World Of Charts (@WorldOfCharts1) <a href=\"https:\/\/twitter.com\/WorldOfCharts1\/status\/02802755?ref_src=twsrc%5Etfw\" rel=\"nofollow\">October 29, 2024<\/a><\/p><\/blockquote>\n<p>World Of Charts now sees that the breakout of SHIB over the key resistance trendline is another stimulus for further growth. This technical setup with the pattern of the descending expanding wedge makes SHIB jump again if the breakout is sustained.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-651815\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_6e5a98.png?resize=1024%2C582\" alt=\"\" width=\"1024\" height=\"582\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_6e5a98.png?w=1544 1544w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_6e5a98.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_6e5a98.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_6e5a98.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_6e5a98.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_6e5a98.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_6e5a98.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/six-months-1-billion-ton-networks-explosive-usdt-adoption-milestone\/\" target=\"_blank\" rel=\"noopener \">Six Months, $1 Billion: TON Network\u2019s Explosive USDT Adoption Milestone<\/a><\/div>\n<h3>Can Shiba Inu Hit The Target?<\/h3>\n<p>Humphries and World Of Charts paint a bright picture but not before it sets out difficulties ahead. A market capitalization of $100 billion is too ambitious, particularly for a memecoin, and would require sustained, continuous growth to make that possible.<\/p>\n<p><em>Featured image from DALL-E, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu (SHIB), the popular memecoin, is back in the news after a crypto expert issued a bold projection predicting a tenfold growth in its market capitalization. Zach Humphries outlined certain hopeful variables that might propel SHIB to a market capitalization of $100 billion, bringing its price to $0.000171\u2014a whopping 890% increase over present levels. Humphries, who has built a reputation for his memecoin market observations, feels SHIB&#8217;s surge is a real possibility, despite its present low price. Related Reading: Bitcoin Mining Costs Spike To Nearly $50K As Miners Look To AI For Survival In his most recent research, Humphries focuses on the factors that he believes are SHIB&#8217;s most fundamental assets. Among these are its brand strength, loyal community, and the potential return of retail investors who may be willing to take another risk in the memecoin space. If $SHIB does a 10x from current price levels, we will see the asset hit over a $100B market cap. Here\u2019s why it can happen \ud83e\uddf5 BOOKMARK this. pic.twitter.com\/SSfUNO6nIr \u2014 Zach Humphries (@Z_Humphries) November 5, 2024 Brand Power &amp; Community Support Humphries believes that SHIB&#8217;s excellent brand recognition contributes significantly to its attractiveness. Shiba Inu has made a name for itself in the world of memecoins, thanks in large part to its passionate community. Even after the 2021 rally waned, SHIB supporters remained engaged, helping to keep the organization relevant in a very competitive sector. Humphries claims that this brand strength, paired with SHIB&#8217;s established status in the meme token market, provides it an advantage that fresher tokens lack. Humphries also notes that for many first-time investors, a well-known token like Shiba Inu may appear to be a safer bet in the volatile world of cryptocurrency. With increased demand, particularly if the broader cryptocurrency market becomes positive, SHIB&#8217;s price and reputation might skyrocket. According to Humphries, this flood of new investment could be what propels SHIB toward its $100 billion goal. Another Analyst Predicts 200% Rise Analyst &#8220;World Of Charts&#8221; provided a technical forecast alongside Humphries. They observed a new breakout in SHIB, suggesting a 200% increase that might bring it closer to yearly highs. SHIB&#8217;s rebound to $0.00001784 has traders hopeful for future gains. $Shib#Shib Already Running In 50% Profit So Far &amp; Now Verge On Another Descending Broadening Wedge Expecting Another 2x Incase Of Successful Breakout https:\/\/t.co\/YPxA9ByPk3 pic.twitter.com\/ftL0x5HsSW \u2014 World Of Charts (@WorldOfCharts1) October 29, 2024 World Of Charts now sees that the breakout of SHIB over the key resistance trendline is another stimulus for further growth. This technical setup with the pattern of the descending expanding wedge makes SHIB jump again if the breakout is sustained. Related Reading: Six Months, $1 Billion: TON Network\u2019s Explosive USDT Adoption Milestone Can Shiba Inu Hit The Target? Humphries and World Of Charts paint a bright picture but not before it sets out difficulties ahead. A market capitalization of $100 billion is too ambitious, particularly for a memecoin, and would require sustained, continuous growth to make that possible. Featured image from DALL-E, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":651818,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,83767,83668,83667],"class_list":["post-651810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-meme-coins","tag-shib","tag-shiba-inu"],"acf":[],"yoast_head":"\n<title>Shiba Inu Set For Takeoff? 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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