The cryptocurrency market is showing signs of life again, with major players like Bitcoin (BTC) and Ethereum (ETH) experiencing significant gains. Shiba Inu (SHIB), the popular meme coin, hasn’t seen a surge in the last week, but it’s holding steady after a positive two-week stretch.
Analysts believe the recent market upswing is likely fueled by Bitcoin reclaiming the $67,000 mark. This rally reportedly came on the heels of the assassination attempt on Donald Trump, a known cryptocurrency advocate. With Trump’s potential win in the upcoming US presidential election, investors are anticipating relaxed regulations for the crypto market under his leadership.
So, can Shiba Inu reach $0.000025 by the end of the week? Some analysts think it might even surpass that target. CoinCodex predicts a significant breakout rally for SHIB, with a potential high of $0.00004001 by July 26th. This translates to a staggering 123% increase from its current price. However, CoinCodex also cautions of a potential correction soon after, suggesting the price might not hold at that level for long.
Changelly echoes a similar sentiment, forecasting a rise to $0.00003916 by July 26th, followed by a price adjustment. Both platforms seem to agree that a short-term rally for SHIB is on the horizon, but long-term stability remains uncertain.
An additional factor to consider is the possibility of an Ethereum ETF launch this month. Similar to the launch of a Bitcoin ETF in January, a successful ETH ETF debut could trigger a market-wide surge, potentially pushing SHIB even higher than current predictions.
While these forecasts offer a glimpse into the near future of Shiba Inu, it’s crucial to remember that the cryptocurrency market is inherently volatile. Investors should conduct thorough research and consider their risk tolerance before making any investment decisions.
