Popular Analyst Lark Davis Believes Shiba Inu (SHIB) Price Can Never Hit $1

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At the time of pub­li­ca­tion, Shi­ba Inu is sell­ing at $0.000013 after a pull­back of 1.23% over the last 24hrs. As the cur­ren­cy is mak­ing such a move, there could be an oppor­tu­ni­ty for short­ing if the price drops.

If that hap­pens, Shi­ba Inu’s price might see a fall of 27% and drop to $0.0000093. This will form a ‘Fair Val­ue Gap’ (FVG) which will cause a fur­ther price drop to $0.0000083. How­ev­er, SHIB can see a bull run if the cur­ren­cy man­ages to claim the $0.0000179 lev­el with a gain of 95%.

Nev­er­the­less, many mar­ket experts have put for­ward mixed pre­dic­tions regard­ing the prob­a­bil­i­ty of SHIB reach­ing $1. Among them is lark davis

, who has claimed that SHIB will not reach $1.

Shiba Inu Price Can Never Hit $1

Lark Davis explained his point via a Twit­ter post using a meme.

The meme cur­ren­cy, which was launched in August 2020, is cur­rent­ly trad­ing at the 13th posi­tion after gain­ing lev­els above $0.000012. The over­all SHIB sup­ply is at 589.63 tril­lion, which is pos­ing a huge hin­drance for the cur­ren­cy to hit $1. How­ev­er, if SHIB fails to move above $0.0000083, the cur­ren­cy will see a fall near $0.0000074.

On the oth­er hand, as per the Coin­Mar­ket­Cap com­mu­ni­ty, Shi­ba Inu will claim $0.00001106 by 2022. 

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