As the cryptocurrency market prepares for a potential bull run, notable predictions about various digital assets are surfacing. Crypto analyst Amonyx, who boasts nearly 130,000 followers on X, has drawn attention with forecasts focusing on the famed meme coin Shiba Inu and the leading smart contract platform Ethereum.
Amonyx has suggested that Shiba Inu (SHIB) could experience a substantial rally if Ethereum (ETH) were to reach a staggering new all-time high of $10,000. This prediction implies a significant recovery and growth phase for both assets, with Amonyx speculating on ambitious price targets that investors are eagerly contemplating.
According to Amonyx, Ethereum’s price, which currently hovers around $4,329, would need to surge by approximately 131% to surpass its previous all-time high of $4,959 and hit the $10,000 mark. If this upward momentum occurs, it could set the stage for Shiba Inu to follow suit.
Drawing parallels, Amonyx believes that Shiba Inu could aim for a target price of $0.001. To achieve this milestone, SHIB would need to eliminate two zeros from its current valuation of $0.00001297, translating to a staggering increase of 7,610%. This projection aligns with the bull run many analysts expect by December 2025, making it a critical timeline for SHIB enthusiasts.
Despite a struggling start to the year, where the asset has lost 38.7% of its value, there remains a sense of optimism among the Shiba Inu community. The relationship between SHIB and ETH is underlined by the fact that SHIB, as an ERC-20 token, often moves in tandem with Ethereum’s price fluctuations. In recent trends, while Ethereum’s value saw a minor increase of 0.17% over the past week, Shiba Inu outperformed with a 4.65% gain.
However, doubts linger over whether such a massive rally for Shiba Inu could genuinely occur alongside an Ethereum price hike. Predictions of SHIB reaching $0.001 have emerged from various analysts, including Krao, who previously forecasted this price point for Q1 2025—a prediction that has yet to materialize. Another analyst, Crypto Sheriff, pointed to a potential breakout from a multi-year descending trendline but did not specify a timeline for such gains.
Further complicating the forecast, The Crypto Basic estimated earlier in the year that Shiba Inu might only reach the $0.001 target by August 2042, based on a projected annual growth rate of 30%. Amonyx’s timeline emphasizes the need for a favorable environment and sustained retail interest in meme coins, alongside proactive measures aimed at reducing SHIB’s vast supply of 589 trillion tokens. Strategies for token burns could play a crucial role in supporting price increases and enticing investors.
In summary, while Amonyx presents an enticing vision of what could come for Shiba Inu, achieving these ambitious targets hinges on a confluence of factors, including Ethereum’s performance, market sentiment, and strategic supply management. The crypto landscape will undoubtedly keep a close eye on ongoing developments as investors await potential catalysts for the next market cycle.
