Analyst Skepticism Surrounds Shiba Inu’s 540% Rally Prediction

Analysts remain cautious about Shiba Inu’s ambitious 540% rally prediction following comments by U.S. Federal Reserve Chair Jerome Powell regarding potential crypto market expansion to $4 trillion. While some see this as a catalyst for increased speculation, the project leadership focuses on ecosystem development rather than solely price predictions. Shiba Inu (SHIB) saw renewed attention amidst market volatility and speculation following Powell’s remarks. However, official sources emphasize continued development of the SHIB token’s underlying infrastructure through Shibarium, suggesting utility over short-term price fluctuations. 540% gains are largely driven by market sentiment, with some analysts expressing doubt about their likelihood without substantial growth within the Shiba Inu ecosystem. Despite the rise in anticipation, many remain skeptical, questioning whether such a dramatic increase can be sustained without concrete support from real-world applications and announcements.