Sunday , 24 November 2024
Home Cryptocurrency Dogecoin At $25, Shiba Inu At $0.05, And XRP At $200? Here’s When
Cryptocurrency

Dogecoin At $25, Shiba Inu At $0.05, And XRP At $200? Here’s When

Crypto analyst Smile has made an ultra-bullish price prediction for Dogecoin (DOGE), Shiba Inu (SHIB), and XRP, stating they will reach $25, $0.05, and $200, respectively. The analyst also provided a timeline for when these coins will reach these price targets. 

When Dogecoin, Shiba Inu, And XRP Will Reach These Price Targets

Smile indicated in an X post that Dogecoin, Shiba Inu, and XRP will reach these price targets by 2025. Although they didn’t give a specific date or period in 2025, it is believed to be at the peak of this bull run, which analysts like Rekt Capital will be in September or October 2025. This price prediction is undoubtedly eye-catching, considering Dogecoin, Shiba Inu, and XRP current prices. 

So far, the consensus among crypto analysts like Kevin Capital (formerly OG Yomi) has been that Dogecoin can reach $1 in this market cycle. Kevin Capital has even predicted that the foremost meme coin can rise to as high as $3 in this bull run based on its historical trend. However, the possibility of DOGE reaching double figures in this cycle has provided a more bullish perspective for the foremost meme coin. 

Shiba Inu Price Prediction Of $0.05

The prediction that Shiba Inu will delete three zeros from its current price and reach $0.05 is also interesting. This is one of the most bullish price predictions for the second-largest meme coin. However, analysts like Oscar Ramos do not believe Shiba Inu can reach this price target. 

He stated that Shiba Inu’s price cannot exceed $0.01 because of its current circulating supply of 589 trillion. The meme coin’s supply hinders its price, considering how much its market cap will be if it hits this price target. Meanwhile, although there has been a conscious effort to reduce Shiba Inu’s circulation, the meme coin’s burn rate indicates it could take hundreds of years before it can be brought down to a substantial amount. 

Although Shiba Inu deleting three zeros from its current price looks almost impossible, crypto analyst Ali Martinez thinks it can happen. Earlier in the year, the analyst predicted that the meme coin could enjoy another historic run and rise to as high as $0.011. Crypto analyst Armando Pantoja predicted that SHIB could reach $0.001 in this market cycle. 

XRP Price Prediction Of $200

Smile isn’t the first analyst to predict that XRP can reach $200. Crypto analyst Javon Marks has also previously predicted that XRP will hit this price target if a Full Logarithmic Follow-Through occurs. Meanwhile, other analysts like Crypto Tank have suggested that the XRP price could reach triple figures if it captures 10% of the daily transactions handled by SWIFT. 

JackTheRippler also predicted that XRP could rise to at least $100 once the SEC Ripple lawsuit ends. The lawsuit could end by October 7 if there is no appeal from both parties at the end of the October-6 deadline. 

XRP price chart from Tradingview.com (Dogecoin Shiba Inu)

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Flat Tax Frenzy: Americans Debate Tax Code Overhaul on X

Conversations about adopting a flat tax in the United States are lighting...

A Decade of BitMEX: Honouring Our Bitcoin OG Legacy

BitMEX turns 10 years old, celebrating a decade of Bitcoin OG legacy....

Weekly ETF Recap: All Green Days for Bitcoin, But Not for Ethereum

The week marked a significant difference between investors' views of BTC and...

WIF Shakes Off Setbacks As Bullish Resurgence Targets More Gains

WIF is making a powerful return to the market, as bullish momentum...