Crypto analyst Zach Humphries has made a bullish case for Shiba Inu (SHIB), predicting that the crypto token could rise to as high as $0.00014 in this market cycle. The analyst also warned against having too many expectations from the meme coin, suggesting that it’s unlikely to have the sort of run it did in 2021. 

Shiba Inu Could Rise To As High As $0.00014

Zach Humphries mentioned in a video on his YouTube channel that Shiba Inu can “definitely” enjoy a 10x run from its current price level, meaning that it could possibly reach a recent all-time high (ATH) of $0.00014 in this bull run. An increase to such a price level also signifies that Shiba Inu will come near hitting a $100 billion market cap, which the crypto analyst also noted is feasible. 

The crypto analyst added that this price rally from Shiba Inu will occur so long as the crypto market witnesses one other altcoin season. He further remarked that this altcoin season will largely hinge on Ethereum and that the second largest crypto by market cap will need to succeed in recent highs for Shiba Inu also to make its run. 

Zach asserted that SHIB is the most important ERC-20 coin. As such, it only makes that the second-largest meme coin by market cap witnesses a big price rally as Ethereum makes its move throughout the altcoin season. This isn’t the primary time that Zach has laid such an ultra-bullish price prediction for Shiba Inu. In June, he mentioned that the meme coin will reach a $100 billion market cap on this market cycle. 

Meanwhile, other crypto analysts, like Oscar Ramos, have also predicted that Shiba Inu will delete one other zero from its current price. Ramos previously stated that the meme coin could rise to $0.0001, while Javon Marks predicted that Shiba Inu could surge to as high as $0.0001553. 

SHIB Unlikely To Replicate Its 2021 Bull Run

Despite his bullish prediction for Shiba Inu, Zach warned that the meme coin’s days of recording massive gains in weeks are long gone, suggesting that the meme coin cannot replicate its 2021 bull run. Shiba Inu recorded a price gain of 157 million percent within the 2021 bull run, as its price continued to skyrocket for weeks before reaching an ATH of $0.00008845 in October 2021. 

The crypto analyst remarked that Shiba Inu’s investors and potential ones have to be “realistic” about their expectations for potential gains from the meme coin. Zach noted that unlike in 2021, SHIB has now turn out to be among the many top cryptos by market cap with a multi-billion dollar market cap. As such, he suggested that the meme coin has less room now to run to the upside. Consistent with this, the crypto analyst warned investors about listening to those that say Shiba Inu can run to $0.01 and even $1. 

Featured image created with Dall.E, chart from Tradingview.com