Crypto Analyst Predicts SHIB Price Surge Amid Massive New Account Growth

Shiba Inu (SHIB) has recently experienced a remarkable surge in activity, marking a significant milestone in the cryptocurrency world. Within just 24 hours, Shibarium experienced a 3,436% increase in new accounts. This rapid growth has sparked widespread interest and optimism among investors and market analysts.

The sudden increase in new accounts on Shibarium can be traced back to a notable surge in Shiba Inu’s market performance. Over the past day, SHIB has increased its value by more than 8% and hit a daily high. This bullish market sentiment has played a crucial role in attracting new users to the Shibarium platform. This spike in new accounts came from only 30 to 1,031 in a day and the transaction numbers also spiked from 4751 to 8527, an 80% increase.

The number of active accounts on Shibarium grew by 1,243 in a day, which shows that this surge in activity was driven by new users. This development is particularly noteworthy given recent concerns about declining activity on the Shibarium network. The rate of new accounts and transactions has effectively reversed this trend, painting a much more optimistic picture for the platform’s future.

Apart from the increase in the number of interactions on Shibarium, there are big expectations for the price of SHIB. A well-known Bitcoin analyst, Jason Williams, has predicted the price target of $0.05 for SHIB which would be a 193,774% rise from its current value. This projection correlates with his prediction for the price of bitcoin to go up to $336,000 by 2025. If SHIB were to reach this target it would bring the market capitalization of the token to $29.46 trillion which would be more than four times the anticipated market capitalization of Bitcoin.

It’s essential to consider more conservative projections alongside these optimistic forecasts. Platforms like Telegaon predict that SHIB might reach $0.05 by 2040, a much slower but still significant growth trajectory.

The recent surge in activity on Shibarium, coupled with bold price predictions for SHIB, signals a potentially transformative period for Shiba Inu. Whether this momentum will sustain in the long term remains to be seen, but the current indicators are promising.