Expert Details SHIB’s Potential 10x Rise in Next Bull Run

• Zach Humphries predicts SHIB to reach $0.0001 in next market uptrend.
• SHIB’s token burn mechanism and gaming integration could boost its value.
• Limited details on Shibarium burn feature raise concerns for timely implementation.

Famous crypto investor Zach Humphries believes that the Shiba Inu cryptocurrency, SHIB, will surge to $0.0001 during the next market uptrend. He pointed out that this price goal is nearly equivalent to the token’s peak value of $0.000088.

In a new video posted today, the creator of XT ALGO examined the different challenges facing SHIB. He pointed out the effects of its mechanism for burning tokens and the way that incorporating it into gaming could affect its price trajectory.

Humphries points out that details regarding the planned Shibarium token burn are scarce. Nonetheless, he emphasizes that the burn mechanism’s intended purpose is to deliberately decrease the number of tokens in circulation, which could lead to an appreciation in the token’s worth and provide advantages to its ecosystem.

The team behind Shiba Inu pledged to initiate trials of the burn feature starting in January, and Humphries expressed apprehension regarding the fulfillment of that goal. His worry stemmed from the limited amount of time remaining until the end of the month.

However, the creator of XT ALGO pointed out several elements that will affect the price trajectory of SHIB in 2024 and the following years. He mentioned that while there is an anticipation of fresh enthusiasm and consumer demand, revitalizing the current Shiba Inu community is crucial. In his view, components such as the metaverse and gaming aspects of the initiative offer the chance for this revitalization.

Humphries views the gaming sector as a major avenue for the advancement of SHIB and anticipates that the project’s developers are aiming to make substantial progress in this domain. He believes that gaming represents the most straightforward path for Shiba Inu to evolve from its status as a meme coin to a genuine utility token. He asserts that the forthcoming market uptrend is ideally timed to coincide with the gaming industry’s growth, which he expects will attract a significant number of new participants to the cryptocurrency space.

At the time this was written, SHIB was trading at a value of $0.00000898. Since the start of the year, the leading meme cryptocurrency has not demonstrated any substantial signs of a bullish trend. Nonetheless, Humphries thinks that a 10-fold increase in value is an achievable goal for the next market uptrend and suggests that the potential for even greater increases exists.