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Why SHIB Has 112% Upside

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By Aggregated - see source on February 2, 2025 Altcoin
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One of the largest meme coins within the emerging sector, Shiba Inu, is eyeing a $0.00002 price in February, with some experts proclaiming that SHIB could have a 112% upside. Indeed, the token could be in line for a massive surge, with developer Shytoshi Kusama teasing a major partnership.

The token has seen a rather impressive end to the inaugural month of 2025 take place. Specifically, the token’s burn rate erupted more than 7,000% Friday. Moreover, with more than 1 billion SHIB being burned, that has many traders pondering if the meme coins price could soon follow

shiba inu shib mountain
Source: Pixabay

Also Read: Shiba Inu (SHIB) & Ripple (XRP) Weekend Price Prediction

Shiba Inu Ends January Eyeing $0.00002 as Experts Beleive 112% Surge Awaits SHIB

It has certainly been an interesting start to the year for meme coins. The asset class has seen Donald and Melania Trump launch their own offerings. Moreover, Elon Musk’s father has launched a new Musk-inspired meme coin of their own. That’s not to mention Dogecoin (DOGE) has continued to garner a lot of attention.

In one of the biggest developments of the year thus far, Grayscale has announced that it is seeking to create a Dogecoin Trust. That has led many to turn to the second-largest meme coin by market cap. With sentiment high, Shiba Inu eyes $0.00002 as February arrives, with some experts saying the asset has a 112% upside.

Shiba Inu jumped more than 1.5% Friday, as the token traded at $0.000019 to end January. That marked a significant turnaround, as SHIb had dropped more than 6.5% the seven days prior, according to CoinMarketCap. However, its price had jumped more than 109% from its position a year ago.

Shiba INuShiba INu
Source – Bankrate

Also Read: Shiba Inu Holders Demand a Solana Bridge: A Collaboration Underway?

For many experts, there is optimism abounding about what SHIB could do this year. Crypto price prediction platform CoinCodex projects the token to increase more than 5.9% in February. Specifically, it notes that the token should surpass the $0.00002 mark throughout the next several weeks.

That certainly isn’t all. According to analysts at the platform, the asset is expected to explode in value in July 2025. Specifically, experts project SHIB to jump a remarkable 123% to reach a price monthly high of $0.00004.

That could set the stage for even greater gains, with a 2025 high of $0.00008 expected to come a month later. If the forecast were to come to fruition, the asset would have increased 345% from its current price point.

Credit: Source link

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