Shiba Inu Analyst Warns of Market Realities

Crypto expert and YouTuber Zach Humphries sent a gloomy report to Shiba Inu investors, highlighting the reality of the meme coin's market expectations.

Crypto YouTuber and expert Zach Humphries has sent a gloomy report to Shiba Inu investors, highlighting the reality of the meme coin’s market expectations.

According to Humphries, a large portion of the crypto world is expecting a strong bull run for Shiba Inu that will span anywhere from 8 to 12 months and maybe even 15 months. In due time, there will be a huge bull run for Shiba Inu, but Humphries warns that it will not happen overnight.

Shiba Inu's Past Price Surge Unlikely to Repeat

As reported by Bitcoinist.com, Humphries stated in his video that the days of SHIB prices surging thousands of percent in a matter of weeks or months are done.

He explained that SHIB did continue its meteoric rise, becoming the fifteenth-largest cryptocurrency by market capitalization and that the meme coin did become an asset worth tens of billions of dollars. However, Humphries warned investors to be realistic with their expectations for making it in the green.

Skepticism Over $0.1 Price Target

According to the crypto YouTuber, there is still room for Shiba Inu to grow in the short and long term. However, he expressed skepticism that the meme coin will reach $0.1 soon.

He compared the slim chance of Shiba Inu suddenly becoming worth $1 to the slim chance of XRP suddenly becoming worth $1,000, concluding that “it's not gonna happen.”

Shiba Inu's Potential 10X Rise

While Humphries does not believe that SHIB will reach $1 anytime soon, he does remain hopeful that the cryptocurrency could still 10X this cycle and reach new all-time highs.

He predicts that Shiba Inu could reach a valuation of over $100 billion in the event of a full-blown altcoin season. These bullish projections for the future are heavily dependent on the price action and momentum of Ethereum (ETH).

Shibarium Burn Mechanism Could Change SHIB’s Future

As Humphries revealed, the creation of a burn mechanism for Shibarium could drastically alter the fate of SHIB. According to the YouTuber, a SHIB burn has long been championed by a large number of retail investors, as it would drastically reduce the token's supply and potentially drive its price through the roof.

Finally, Humphries warned investors to avoid making rash decisions when dealing with highly speculative assets like cryptocurrencies.

The above is the detailed content of Shiba Inu Analyst Warns of Market Realities. For more information, please follow other related articles on the PHP Chinese website!