Gairika Mitra
Shiba Inu (SHIB) is poised for a significant surge in the next 12 months, according to a popular cryptocurrency influencer.
Despite recent market fluctuations, Zach Humphries remained optimistic about SHIB’s long-term potential. In a recent YouTube video, Humpries noted that although SHIB may not replicate its past meteoric rise, he believed the asset remained poised for substantial growth. “Could SHIB 10x in this cycle? Could it set all-time highs? Hell yeah, it definitely can and most likely will,” he stated, noting that Ethereum’s performance would likely influence SHIB’s trajectory.
Humphries stressed that patience was crucial in the cryptocurrency market. “We have to be patient and wait for the market to recover,” he advised, acknowledging the then-current market consolidation. As Ethereum began to reach new highs, SHIB and other ERC-20 tokens were expected to follow suit.
The YouTuber also advocated for strategic developments to help SHIB reach its full potential. He specifically suggested an automated burn mechanism, which he believed would significantly decrease SHIB’s supply and boost its value. “We need to reduce the supply significantly, ’cause it will help the long-term price action,” he asserted.
The Shiba Inu community and its ecosystem, including projects like ShibaSwap and the metaverse, play a pivotal role in SHIB’s future. While acknowledging the challenges and delays, Humphries remained optimistic about these projects. “There are people building on ShibaSwap and various projects, and there’s a lot happening behind the scenes,” he noted.
Despite the prevailing market conditions and the need for strategic improvements, Zach Humphries remained upbeat about SHIB’s future. “Yes, on one hand, we have to be patient and wait for the market to recover, and I think SHIB will do tremendous things,” he concluded. With the right developments and a favorable market environment, SHIB could be on its way to new heights.
According to the YouTuber, the future of SHIB appears promising. Throughout the video, he pointed out SHIB’s potential for substantial growth and the strategic developments happening within the ecosystem. Humphries also identified himself as one of the biggest supporters of Shiba Inu and noted in the video that he “would be nothing without Shiba Inu, and he learnt a lot since” (his association with Shiba Inu).
At the time of reporting, SHIB stands at $0.00001359, seeing an upsurge of 0.53% in the last 24 hours, according to CoinMarketCap data.
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Gairika holds positions in BTC. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
