Shiba Inu on the way to the new record high: analysts optimistic!

Shiba Inu on the way to the new record high: analysts optimistic!

The Shiba-Inu community is optimistic despite adverse circumstances and hopes to soon reach a new all-time high (ATH) for its token. This enthusiastic mood comes, while the crypto market is under pressure, due to liquidations and geopolitical conflicts, which create noticeable vibrations throughout the sector, especially in the Middle East.

In October, the expected high returns for various cryptocurrencies, including Shiba Inu, did not appear. Instead, the token experienced a stagnation and ultimately reached a price of $ 0.00002156 on September 27, before it was currently sagging about $ 0.00001648, which means a decrease of over 23 %. In addition, the price in the past week fell by 12 %, which intensified the concerns of investors. Nevertheless, the hope remains that Shib can increase again to the level of the old highs in the upcoming market cycle of 2024/2025.

market analysis and community support

The last ATH for Shiba Inu was registered on October 28, 2021 when the token reached its high of $ 0.00008616. It is currently almost 81 % below this record. Analysts and market observers, however, are confident that changes in the Shiba-Inu ecosystem will attract the attention of investors, among other things, through the development of Shibarium and an increased token burning.

The market analyst Alan Santana has set up an ambitious new ATH goal of $ 0.00023179 for Shiba Inu, which in his opinion could possibly be reached by 2025. That would be an impressive increase of 1,306 % compared to the current price. Another analyst, Oscar Ramos, predicts a forecast ATH of $ 0,00017 next year, which would be more significant.

In a variety of discussions within the community, one voice stands out: JD, the founder of Pawzone, has taken on the matter and asked many members to capture the goals. He assured that he informed the community about all developments and forecasts regarding a potential new ATH and welcoming new members.

However, the circumstances remain tense. The crypto sector still reports liquidations that affect the trust of investors. Nevertheless, the Shiba-Inu community is determined to look optimistically into the future and to promote the growth of the token both within their own crypto ecosystems and with regard to increasing number of users.

The potential for an increase in Shiba Inu remains unclear, and both the investors and the community are looking forward to the next steps in the market. It remains to be seen how the token will develop in the coming time, in particular in view of the forecast market movements and the optimistic predictions for the near future, as reports www.crypto-news-flash.com .