Shiba Inu climbed above the $0.00004 mark in March 2024 after relatively remaining in the backfoot for nearly two years. SHIB skyrocketed in price in 2021 making early investors turn millionaires in less than a year. It spiked 85,000,000% (85 million percent) between August 2020 to October 2021 generating life-changing gains for early holders. The rally was one-of-a-kind that the cryptocurrency market had never seen or experienced before.
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The bull run of 2021 made Shiba Inu attract new and first-time investors into its fold from across the world. The new investors took an entry position into SHIB with the hopes that it would replicate its 2021 rally. If the rally kick-starts, another batch of investors could make amazing profits and lead a comfortable life.
Shiba Inu: Analyst Says SHIB Could Rally Again Like It Did in 2021
Pseudonymous cryptocurrency analyst ‘Rekt Capital‘ told his nearly half a million followers on X that SHIB can replicate its 2021 bull run again. He explained showing the charts that Shiba Inu might be mirroring a pattern last seen during the 2021 bull market.
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“SHIB ultimately reached the blue resistance but rejected from it In late 2021. SHIB also wasn’t able to break blue resistance on the first attempt. In fact, in late 2021 that blue resistance rejection forced SHIB to retest the orange level as new support (orange circle) before confirming further upside. Right now, SHIB is in the process of a retest of the orange level once again. Could history be repeating itself?” he tweeted.
Read here for a realistic price prediction on when SHIB could hit the $0.01 milestone. The 1-Cent dream is the heartbeat of a million investors who want to see the token reach there by hook or crook. If it reaches, several investors will make more money than they have seen in their lifetime.
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