Expert Says Shiba Inu’s 89,030% Rise Could Repeat Sooner Than Expected

Pseudonymous expert Master Kenobi praised the Shiba Inu’s perfectly engineered technology, stating that the chances of finding projects of such caliber are one in a few hundred.

In a November 3 job, Kenobi insisted that Shiba Inu has been dynamic and continues to exceed expectations in its four years of existence. He highlighted how difficult it is to realize a project with such exceptional innovation.

Additionally, Kenobi praised Shiba Inu’s pseudonymous founders, who launched the meme coin with a “meticulously planned and designed” goal, which is rare among today’s projects.

He noted that the precision of capital creation and deployment shows that the creators have fully understood blockchain technology and how to use it to effectively create financial freedom.

Analyst says Shiba Inu rise to prominence will happen soon

While applauding the Shiba Inu’s rare technology, Kenobi claimed he sees a repeat of the famous January 2021 rally. As a reminder, SHIB resumed an explosive rally that month, with bullish momentum pushing the same coin to new highs. extraordinary.

Shiba Inu has jumped 89,030% in 280 days since January 25, 2021peaking at its current all-time high of $0.0000845 nine months later. This explosive run propelled SHIB into the top 10 in terms of market capitalization, with the token generating a valuation of $38 billion.

Kenobi expects a similar rise in the price of the Shiba Inu, projecting that it could “even happen sooner.” Although he does not present a specific price target, he remains optimistic about an upward trend. However, in the unlikely event that the 89,030% rally completely repeats itself, it would push the second-largest coin to $0.0149 and its market cap to $8.8 trillion.

Furthermore, the market expert claimed that Shiba Inu exceeded the Market capitalization of $100 billion by the end of this bull cycle, it’s a possibility. He added that the meme coin would re-enter the top 10 in the cryptocurrency market cap rankings, projecting at least a two-step move from 12th place in the current market.

Notably, the prediction of a possible rise in SHIB above $0.01 is not new. Lucie, Shiba Inu marketing manager, asserted that the major coin itself will eventually reach the price in the future.

Analyst Says Shiba Inu Will Rival Dogecoin

Meanwhile, Kenobi predicted a hotly contested top spot in the meme coin sector this bull cycle. The analyst believes that Shiba Inu is a real competitor for Dogecoin and expects a hotly contested battle.

However, the pseudonymous expert insisted that the chances of Shiba Inu outperforming Dogecoin in this bull cycle remain even. He claimed that Shiba Inu had an equal chance of surpassing Dogecoin.

At the same time, Dogecoin’s 38% rise over the past 30 days has allowed it to occupy 8th place, with a market capitalization of $22 billion, more than double the current valuation of Shiba Inu. SHIB corrected 6.65% in the same period of time, capped at $9.8 billion.