But this crypto asset could be

TL;DR

Benzinga crypto analyst Armando Pantoja predicted on Tuesday that the price of Shiba Inu will reach $0.001. But, one of SHIB’s competitors can beat it by up to 100x. While anything can happen in the markets and past performance is no guarantee of future results, most crypto assets tend to offer less ROI with each parabolic price increase. Shiba Inu Price Diminishing Returns

The price of Shiba Inu gained 1000 times in the second quarter of 2021. Then, during its next big increase in September-October 2021, it increased 10 times.

Wallet holders had to wait until this spring’s Bitcoin ETF rally or the next parabolic stage, which saw the price “only” 3.5x for a remarkable 250% ROI in 20 days.

That’s still 25 years of S&P 500 ROI for your grandfather, patiently sitting on his monthly pension contribution in the 1980s. But for the total degenerate who finds these rewards meager, it’s not the 100x gain that the Benzinga analyst projected this week.

For that, crypto investors may need to look no further than the OG cryptocurrency: Bitcoin.

Stock Caption Spots 8,500% ROI 2016 Bitcoin Price Pattern

Peter Brandt, a legendary technical analyst who has traded stocks since the 1970s, pointed out to more than 733,000 followers on X on Monday that since this year’s supply halving, the price of BTC has fallen by the same amount as the BTC market cycle of 2016. This was much more than what fell at this point after the supply halving in 2020.

Bitcoin exchange markets could be returning to historical percentage patterns of 2016 due to the massive influx of regulated Wall Street investors with deep pockets and a deep hunger for ever-higher quarterly alpha.

As data from Bitcoin ETF flows reveals, this new cohort of investors has been pulling out of BTC in droves since plunging into the cryptocurrency in January.

Those same investors could drive the price of bitcoin to new highs with the kind of percentage swings that made the asset look too good to be true for any decent person in December 2017, when it was trading at $20,000 per BTC.

If the market in 2024-25 continues to cycle through roughly the same loss/gain percentage as it did in the 2016 supercycle, this could mean a massive ROI for bitcoin investors between now and the peak of this cycle.

From key long-term support to key resistance at the top of the cycle, the 2020 BTC price market returned investors something like 1,000% in ROI in about 18 months.

However, four years earlier, the 2016 cycle returned investors’ principal with 8,400% profits in just 18 months.

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