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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Cryptocurrency analysts predict that if this happens, the Shiba Inu price will reach $0.0001
A cryptocurrency analyst has raised the possibility of Shiba Inu (SHIB) rising to $0.0001. As part of his analysis, he highlighted certain factors that could cause the meme coin to experience a parabolic price spike.
Crypto analyst Bunchhieng said in his analysis that SHIB could reach such a price level if history repeats itself, and SHIB reflects the bullish pattern of the 2021 bull market. He confirmed that based on the pattern he observed from previous bull runs, SHIB has a "very likely" chance of hitting $0.0001.
The analyst also tried to dispel the doubts of those who believe that such a price spike is unlikely given SHIB's market capitalization, stating that anything is possible in the crypto world. At the same time, he added that the SHIB burn rate continues to grow exponentially, which is another factor that could have a "positive impact" on the value of the meme coin.
Bunchhieng's price prediction also looks feasible when taking into account recent analysis by crypto analyst Rekt Capital, who said in his analysis that SHIB is already mirroring price action since 2021. At the time, he revealed that SHIB, similar to 2021, had successfully retested the price of $0.000026041: a new support level.
In a recent update, Rekt Capital also stated that SHIB has shown enough strength to achieve a similar move as in 2021, and said that SHIB's current support level became a resistance level for meme tokens in early 2022.
Bunchhieng isn't the only crypto analyst who thinks SHIB could hit $0.0001. Cryptocurrency analyst Javon Marks also predicts that once the Meme coin reaches the $0.000081 price range, it could rise to $0.0001553. Interestingly, these are not even the most optimistic predictions for Shiba Inu.
Cryptocurrency analyst Armando Pantoja recently outlined price targets for different crypto tokens, and he predicted that the meme coin could rise to $0.001 after the Bitcoin halving. Meanwhile, crypto analyst Ali Martinez predicts that SHIB could rise to $0.011, although he didn't give a specific timeline for when this unprecedented price spike will occur.
Although price predictions vary, it is clear that SHIB is likely to hit a new all-time high (ATH) in this bull run. Xanrox, an anonymous cryptocurrency analyst and trader, believes that this could happen as early as July and predicts that the cryptocurrency token will rise to $0.00008854 by then.
(Source: Scott Matherson)
The last round of big bulls, the big bulls in September 20 ~ April 21, completed 95% of the total increase in the entire bull market, and from the perspective of the whole rhythm, it is obviously faster than the big bulls in 2016 ~ 17.
The last round of bear market fell to 17,500 in June in the middle of 22 years, completing 90% of the total decline in the bear market, which is also significantly faster than the 18-year bear market. Whether it is the process of a bull market or a bear market, the main ups and downs are concentrated in the middle and early stages.
The main force not only wants to ensure the smooth progress of the bull market and bear market, but also does not want too many people to hold spot and contract leverage when the bull market or bear market starts, so the main force will start the process of the bull market and bear market in advance, and accelerate the completion of the main rise and fall in the middle and early stages.
This is also one of the important bases for judging why the big bull will come ahead of schedule at the end of August and early September last year, when 25,000 knives, in addition to the technical form