A prominent crypto analyst, known as "Investments CEO", has put forth a bold prediction: Shiba Inu could reach a new all-time high if Dogecoin achieves a significant milestone of $1.50.

This forecast suggests a potential rally for both leading meme coins, with Shiba Inu eyeing a price of $0.001.

Dogecoin's Ambitious Target and Shiba Inu's Potential

Investments CEO, with a substantial following of nearly 600,000 on X, has projected that Dogecoin could surge to $1.50, marking a new all-time high for the original meme cryptocurrency.

Crucially, the analyst believes Shiba Inu would not be left behind in such a bullish market scenario.

The prediction for Shiba Inu (SHIB) is a price of $0.001, which would translate to a market capitalization of approximately $589 billion.

The Role of Community Engagement

Interestingly, the analyst did not provide specific fundamental catalysts to support these ambitious price targets for Dogecoin and Shiba Inu.

Instead, Investments CEO encouraged his followers to engage with the post, suggesting that increased interaction could attract new investors and fresh capital into these tokens.

This approach highlights the growing influence of social media and community sentiment in the cryptocurrency space.

Previous Price Predictions for Shiba Inu

The $0.001 price target for Shiba Inu is not an isolated prediction.

Several other analysts, including LuckSide, Crypto Sheriff, and Krao, have made similar forecasts.

One analysis estimated that at a consistent 30% annual price growth from July 2025, Shiba Inu could reach $0.001 in approximately 17 years and one month.

Market commentator Armando Pantoja also predicted in August 2024 a surge in demand that would push SHIB to $0.001. Furthermore, following the approval of spot Ethereum ETFs, some projections suggest Shiba Inu could experience a 10x to 100x price increase, potentially pushing its value beyond $0.001 to $0.0016.

August Performance Concerns for Shiba Inu

Despite these optimistic outlooks, data from CryptoRank indicates a potential bearish trend for Shiba Inu during the month of August.

Historically, Shiba Inu has only closed the month of August in positive territory twice since 2021. While August 2021 saw a 10.1% increase and August 2022 a 3.36% gain, August 2023 and August 2024 both ended with losses, experiencing drops of 5.44% and 13.3%, respectively.

This historical pattern suggests caution for investors looking at Shiba Inu's performance in August.

Key Takeaways:

• A crypto analyst predicts Shiba Inu could hit a new ATH if Dogecoin reaches $1.50.
• Shiba Inu's target price is projected at $0.001, implying a $589 billion market cap.
• Community engagement is cited as a potential driver for these price movements.
• Previous analysts have also forecasted Shiba Inu reaching $0.001.
• Historical data suggests August has been a bearish month for Shiba Inu.

Sources:

• Here’s Potential Price for Shiba Inu if Dogecoin Hits $1.50
• Shiba Inu (SHIB) Price History Leaves No Chance for Bulls in August
• Shiba Inu’s Decline and the Road Back to the Top
• This $0.09 Token Could Hit $3 Before Dogecoin Reaches $1 and Shiba Inu Breaks $0.001

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