Shiba Inu (SHIB) Investors have received a major reality check as crypto analysts have issued a more cautious and pessimistic outlook for the meme coin’s price. While they still have confidence in the long term bullish potentialThe analyst urged investors to temper their expectations, warning that a dramatic price increase would occur. It is unlikely that this will happen anytime soon.
Shiba Inu days of explosive price increases are over
In a recent YouTube videoCrypto analyst Zach Humphries gave a sobering update to Shiba Inu investors, revealing the truth about the Meme Coin Price OutlookHumphries stated that his message was intended to inform and educate all Shiba Inu investors, including those interested in participating in The SHIB ecosystem somehow.
The analyst shared that many in the crypto community expect Shiba Inu to be a powerful bull run which will last 8 to 12 months, possibly even 15 months. While Humphries agrees that Shiba Inu will eventually outperform the market, the analyst cautioned that this massive bull run won’t happen right away.
In his video, Humphries stated that The Shiba Inu Era Is Skyrocketing by thousands of percentage points within weeks or months. He based this prediction on SHIB’s impressive growth over the yearsnoting that the meme coin has grown into a multi-billion dollar asset and is now the 15th largest cryptocurrency. Given this, Humphries advised investors to temper their expectations and adopt a more realistic outlook for potential gains.
The crypto analyst revealed that there was still potential growth for Shiba Inu’s short and long-term prospects. However, he doubted the likelihood of the meme coin reaching $0.1 anytime soon. He compared the idea of Shiba Inu Suddenly Surges to $1 on the unlikelihood of XRP rising to $1,000, stating emphatically, “that’s not going to happen.”
It is important to note that the price of Shiba Inu at the time of writing is $0.000012, while the value of XRP is $0.52, according to CoinMarketCap.
While Humphries doesn’t see SHIB hitting $1, he is optimistic that the cryptocurrency can potentially make a 10X rally this cycle and reach new all-time highs. He also predicts The market capitalization of Shiba Inu reaching $100 billion, provided there is a full altcoin seasonHowever, this optimistic outlook for the future is largely dependent on favorable price movements and positive momentum from Ethereum (ETH) is a cryptocurrency.
Finally, Humphries advised investors not to be emotional when investing in highly speculative assets like cryptocurrencies. As a meme coin, Shiba Inu is significantly affected by social sentiment and speculation, so making investment decisions based on emotions could potentially lead to unnecessary losses.
SHIB price growth linked to combustion mechanism
During his video, Humphries revealed that the development of a Shibarium fire mechanism could have a significant and positive impact on SHIB’s price. The analyst revealed that numerous retail investors have been constantly calling for a SHIB burn, as it would greatly reduce the token’s total supply and potentially cause a price increase.
Main image created with Dall.E, chart from Tradingview.com