Renowned expert ‘Investment CEO’ sets an ambitious price target for Shiba Inu if Dogecoin and Pepe soar to unprecedented levels like $1.5 and $0.01, respectively.
The growing dominance of Bitcoin has negatively impacted the broader crypto market, particularly meme coins.
Analyst Sets New Targets for DOGE and PEPE
Despite the hefty collapse, the analyst is optimistic that these tokens will reach unprecedented levels in the future. The investment CEO outlined ambitious targets for all three meme coins.
According to the expert, Dogecoin’s price will rise to $1.50, representing a 362.96% surge from the current price of $0.324.
Also, the expert predicts a target price of $0.01 for the third-biggest meme coin by market cap. With PEPE trading at $0.00001331, it must rise by a whopping 75,031% to reach the projected price.
Shiba Inu Price If DOGE Reaches $1.5 and Pepe Hits $0.01
Furthermore, the analyst set an ambitious target of $0.001 for Shiba Inu if DOGE and PEPE reach $1.5 and $0.01, respectively. This move would see Shiba Inu eliminate two zeros from its price.
Reaching a target of $0.001 requires Shiba Inu to soar 5,210% from its current price of $0.00001883. At this price, Shiba Inu’s market cap will rise to $589.25 billion, up 5,210% from the current value of $11.09 billion.
To demonstrate the significance of this surge, a portfolio of 100 million SHIB worth $1,883 today will be valued at $100,000 if SHIB hits the $0.001 target.
Potential Timeline for SHIB’s Surge to $0.001
Meanwhile, the expert did not set a timeline for when SHIB will reach this target. Nonetheless, other market observers, including Changelly experts, have set different timelines on when the $0.001 target will materialize for SHIB.
Changelly experts set a timeline of 2033 for the $0.001 target to play out, while top prediction platform Telegaon believes it will be reached by 2035.
While this prediction looks promising, caution is still needed due to cryptos’ speculative nature. For this prediction to become a reality, several factors must align, including widespread adoption, increased community loyalty, and more SHIB burns.
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