Shiba Inu Needs 16.7x Rally to Reach Previous ATH, Proponent Claims
Shiba Inu has been on a long and rough road since reaching its all-time high in 2021. However, one community proponent, Mazrael, believes that another major rally could be just around the corner.
Mazrael argues that SHIB only needs to remove one zero before reaching its former peak of $0.00008616.
This would require a significant price increase of 16.7 times the current price, but Mazrael claims that such growth is not unprecedented for Shiba Inu.
According to Mazrael, SHIB has delivered similar gains several times in the past, with 12 separate weekly rallies resulting in increases of 16.7x or more.