Analyst forecasts 1,000% Shiba Inu jump to $0.00014

Crypto analyst Zach Humphries has recently shared a bullish outlook for Shiba Inu (CRYPTO:SHIB), forecasting that the token could potentially rise to $0.00014 during the current market cycle.

However, Humphries also cautioned against unrealistic expectations, noting that SHIB is unlikely to replicate the kind of dramatic surge it experienced in 2021.

According to Humphries, Shiba Inu could see a "10x run" from its current price levels, potentially reaching an all-time high (ATH) of $0.00014.

He pointed out that such an increase would bring Shiba Inu close to a $100 billion market cap.

He emphasized that this optimistic scenario could unfold if the cryptocurrency market experiences another altcoin season, which he believes will be largely dependent on Ethereum's performance.

Humphries highlighted that SHIB is the largest ERC-20 token by market cap, suggesting that it could see significant gains as Ethereum rises during an altcoin season.

He mentioned that this is not his first ultra-bullish prediction for SHIB; back in June, he predicted the meme coin could achieve a $100 billion market cap during this market cycle.

Other analysts share similarly bullish views.

Oscar Ramos predicted that Shiba Inu could reach $0.0001, while Javon Marks suggested a possible surge to $0.0001553.

Despite these optimistic forecasts, Humphries urged caution.

He noted that Shiba Inu's rapid 157 million percent gain in 2021, which took it to its ATH of $0.00008845 in October, is unlikely to happen again.

Humphries stressed that investors should be "realistic" about potential gains from SHIB, pointing out that the meme coin now has a multi-billion dollar market cap, which limits its potential for exponential growth.

He also warned against listening to overly optimistic predictions claiming that SHIB could reach $0.01 or even $1, emphasizing that such targets are highly unlikely given the current market dynamics.

At the time of writing, the Shiba Inu (SHIB) price was $0.0000132.