Dogecoin Bull Gokhshtein Sees Shiba Inu Shooting Up A Whopping 3200% From Here

David Gokhshtein, CEO of crypto media firm Gokhshtein Media and PAC Protocol PAC/USD, has a price target of $0.001 for meme coin Shiba Inu SHIB/USD.

What Happened: In a tweet on Wednesday, Gokhshtein said he personally believes that SHIB can touch $0.001 – a 3200% increase from its current price.

The crypto investor said he doesn’t see the potential for the meme coin to cross the one-dollar mark.

In October Gokshtein asked the SHIB community to break down how the cryptocurrency could reach $0.01, earning a skeptical response from Dogecoin DOGE/USD co-founder Billy Markus.

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This isn’t the first time that Gokshtein has put forward ambitious price predictions for popular cryptocurrencies.

In August, he stated that DOGE was still headed towards $1 because it is a gateway to the cryptocurrency market for new investors.

 Gokshtein’s opinion on meme coins helping new investors to transition into cryptocurrencies like Bitcoin BTC/USD and Ethereum ETH/USD remains unchanged today.

“Projects like SHIB will introduce people who don’t know that they could buy a fraction of a Bitcoin to our space,” he said in a tweet earlier today.

Price Action: According to data from Benzinga Pro, SHIB was trading at $0.000026 at the time of writing. The meme-coin rallied 35% on Wednesday after being listed on Robinhood Markets Inc’s HOOD trading platform.

Illustration via photo by Dwrong on Wikimedia