- The prospect of Shiba Inu in the Donald Trump Presidency remains positive with the S.H.I.B proposal.
- SHIB proponents see the token jumping to a new high of $0.0001 very soon.
Shiba Inu’s (SHIB) price reclaimed a new local high following Donald Trump’s US Presidential election win. SHIB, which came close to adding another zero in early September, has experienced over 30% increase in the past month. Activity on the network also increased, with the token recording an average of 4.5 million transactions daily.
Kusama’s S.H.I.B Proposal
Many community members have expressed optimism that SHIB’s recent rally will continue. They predict Trump’s win and events like Shytoshi Kusama’s S.H.I.B. proposal could push SHIB to $0.0001.
Following Trump’s victory, Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem proposed establishing a Strategic Hub for Innovation in Blockchain (S.H.I.B.) in the US. As mentioned by CNF, Kusama’s plan requires the new Trump administration to build a blockchain Silicon Valley, with initial investments of $2.35 billion.
The proposal seeks to boost the U.S. economy by creating jobs. Kusama projected an annual revenue of $5 billion and 20,000 jobs. Given his pro-crypto stance, Kusama’s S.H.I.B proposal has a higher chance of adoption under the Trump administration.
Donald Trump has consistently pledged to support crypto and blockchain technology. During one of his campaign rallies, Trump said he would ensure archaic crypto laws are updated upon becoming President. He also disclosed intentions to form a government efficiency commission to restructure federal institutions.
Should Trump adopt Kusama’s proposal, it could put SHIB in the limelight, boosting its price to the anticipated $0.0001 target. For Shiba Inu to reach the $0.0001 objective, it must rise 413.87% from its current price of $0.00002559.
This would mark a new ATH for SHIB, surpassing the previous record of $0.00008616. Shiba Inu’s market cap would surge to about $60 billion from the current $15.11 billion.
Experts Opinion on the $0.0001 Shiba Inu Price Target
Experts have mixed opinions about the timeline for SHIB to reach the $0.0001 target. Several experts project that SHIB will hit the $0.0001 price target in this bull run, but others think the prediction may take longer to materialize.
Forbes analysts predicted that SHIB would reach $0.0001 by the end of 2025. These analysts even project a more bullish price of $0.0003 within this timeframe. Likewise, Eunice Wong predicted that the $0.0001 aim could become a reality during the second phase of the 2024/2025 bull market.
However, crypto trading firm Changelly claims SHIB will surge to the $0.0001 level by 2027. The platform forecasted a minimum target of $0.000103 for SHIB. As revealed in a CNF report, crypto analyst Javon Marks predicted that SHIB will rally to $0.000081, citing technical divergences and breakouts.
It is important to note that it remains uncertain whether Trump will adopt Kusama’s proposal. Therefore, investors are advised to exercise caution when betting on the future of Shiba Inu to avoid incurring losses.