As a new coin, there is no historical data to tell us what is low and what is the highest point it can reach.
IMO ,low will settle at 0.00009 - 0.000010 range which will eventually stabilized and bounce back after people are feeling much pain from the crash of crypto and weak hands would have let go with panic. 50% + 50% discount!! [ The faster it drop, the faster it go back up ]
Short term target, it should reach 0.000020 then followed by 0.000035
Price movement going forward for Shiba : 0.00003 range (Highest point minus the lowest price to get the box range)
Which means with the next target price will be 0.00004 (back to the high) , followed by 0.00007 , then 0.00012 ... and price will retrace back in between with each new target hit .
What would be an estimation of my final target price for SHIBA?
1. If Shiba is really going to be Dogecoin killer/rival, (which I love rivalry concept of a business as it will help to boost sales for both and act as an complement, think it like KFC always open next to Mcdonald)
2. Shiba should be market cap when price was at 0.000017 , it was about 6b, while dogecoin at 0.50 was at 60b. If they were like mention, going to be similar eventually as a fair rival , then we should see price of Shiba to be 10x which is $0.000180.
3. Shiba has proven its potential as a crypto which can use for charity cause, and supply has drop by 40% with VB burnt most of his coins.
4. Shiba to come up with Shiba swap to allow user to stake the coin, this make it more attractive.
If in a normal scenario with Dogecoin capable of reaching $0.50 , we will see Shiba to have same capability of reaching $0.00018
With Dogecoin expected to go to $1.00 (which is reachable) , we will then expect Shiba to be $0.00036
With Rivalry business model, we expect the price to further increase for both coins ...
However, what is more important is the price movement eventually as it is for anyone's guess on how price will move.
*This is educational and speculative instrument , do not use margin due to high volatility in crypto market, the one with holding power will be the one who has ability to ride the trend*
IMO ,low will settle at 0.00009 - 0.000010 range which will eventually stabilized and bounce back after people are feeling much pain from the crash of crypto and weak hands would have let go with panic. 50% + 50% discount!! [ The faster it drop, the faster it go back up ]
Short term target, it should reach 0.000020 then followed by 0.000035
Price movement going forward for Shiba : 0.00003 range (Highest point minus the lowest price to get the box range)
Which means with the next target price will be 0.00004 (back to the high) , followed by 0.00007 , then 0.00012 ... and price will retrace back in between with each new target hit .
What would be an estimation of my final target price for SHIBA?
1. If Shiba is really going to be Dogecoin killer/rival, (which I love rivalry concept of a business as it will help to boost sales for both and act as an complement, think it like KFC always open next to Mcdonald)
2. Shiba should be market cap when price was at 0.000017 , it was about 6b, while dogecoin at 0.50 was at 60b. If they were like mention, going to be similar eventually as a fair rival , then we should see price of Shiba to be 10x which is $0.000180.
3. Shiba has proven its potential as a crypto which can use for charity cause, and supply has drop by 40% with VB burnt most of his coins.
4. Shiba to come up with Shiba swap to allow user to stake the coin, this make it more attractive.
If in a normal scenario with Dogecoin capable of reaching $0.50 , we will see Shiba to have same capability of reaching $0.00018
With Dogecoin expected to go to $1.00 (which is reachable) , we will then expect Shiba to be $0.00036
With Rivalry business model, we expect the price to further increase for both coins ...
However, what is more important is the price movement eventually as it is for anyone's guess on how price will move.
*This is educational and speculative instrument , do not use margin due to high volatility in crypto market, the one with holding power will be the one who has ability to ride the trend*
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.