Shiba Inu (SHIB) investors have been warned by experts that the rapid rise in the crypto world is over, and they should adopt a more cautious perspective on the market. While crypto analysts agree that Shiba Inu still has promising potential in the long term, they emphasize that investors should keep their expectations low, stating that a dramatic price increase is unlikely in the near future.
Shiba Inu and its rapid price increase period has stopped
In a recent YouTube video, crypto analyst Zach Humphries offered a more realistic update to Shiba Inu investors. Humphries stated that his message was intended to enlighten and inform all investors who want to get involved in the SHIB ecosystem or are already in this ecosystem. Humphries said that many in the crypto world believe that Shiba Inu will experience a strong bull run that could last for the next 8 to 12 months, or even up to 15 months. However, contrary to this expectation, the analyst admitted that Shiba Inu will outperform the market over time, but warned that this massive bull run will not happen immediately.
Humphries declared that the era of Shiba Inu increasing by thousands of percent in weeks or months is over. He based this prediction on the impressive growth data recorded by SHIB over the years. He stated that the meme coin is now a multi-billion dollar asset and is ranked as the 15th largest cryptocurrency by market cap. Therefore, Humphries stated that investors should lower their expectations and adopt a more realistic earnings target.
What are realistic targets?
The crypto analyst admitted that Shiba Inu still has growth potential in the short and long term, but said that the meme coin is unlikely to reach $0.1 anytime soon. Humphries said that expecting Shiba Inu to suddenly rise to $1 is as unrealistic as thinking XRP will skyrocket to $1,000, and refuted the idea by saying, “It’s not going to happen.”
According to CoinMarketCap data, at the time of writing, Shiba Inu was trading at $0.000012, while XRP was valued at around $0.52. Although Humphries does not foresee SHIB reaching $1, he predicts that the cryptocurrency could gain 10 times its value this cycle and reach new all-time highs. He also stated that Shiba Inu’s market value could reach $100 billion, but this depends on a full altcoin season and positive movements in the Ethereum (ETH) price.
It’s important to invest without being emotional
Finally, Humphries advised investors not to be emotional when investing in speculative assets, especially cryptocurrencies. Since meme coins are heavily dependent on the emotional state and speculations of social media and communities, investing decisions based on emotions can lead to unnecessary losses. Since the market price of meme coins like Shiba Inu is shaped by community influence and social media discussions, adopting a rational and long-term strategy may be a healthier path for investors.
Another important issue Humphries drew attention to in his video was the potential impact of the Shibarium burning mechanism developed for Shiba Inu. The analyst stated that a significant reduction in the total supply of SHIB could lead to a significant increase in the coin’s price. Humphries, who drew attention to the increasing demand for this burning mechanism, especially among retail investors, stated that this development could have a positive impact on the price of SHIB.
The Shiba Inu community believes that the supply-demand balance could change in favor of the cryptocurrency with the activation of the SHIB burning mechanism. If this mechanism is used effectively, there could be significant pressure on the price of Shiba Inu and it could reach higher price levels in the future. However, such speculations still require investors to be careful and keep their short-term earnings expectations low.
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