- Crypto investor Patrick Schmitt believes Shiba Inu could ignite another bull run, just like it did in April 2021.
- Despite a quiet market, SHIB’s recent uptick may signal the start of a major rally.
Could the meme coin that once shocked the world be gearing up for another historic move? According to renowned crypto investor Patrick Schmitt, Shiba Inu (SHIB) might be on the verge of repeating its 2021 magic—and triggering a new market-wide bull run.
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In a recent post on X (formerly Twitter), Schmitt revisited the pivotal role Shiba Inu played in April 2021, when it catapulted from obscurity into the spotlight. At the time, the broader crypto market had been sluggish, with Bitcoin and other major assets showing little momentum. But then came SHIB. Trading at just $0.000000060 at the start of April 2021, the token exploded by nearly 6,000% in under three weeks, reaching $0.00000362 by mid-month.
This dramatic surge, Schmitt argues, did more than make millionaires overnight—it reignited investor confidence and ushered in a wave of retail enthusiasm. Over the following months, cryptocurrencies across the board hit new all-time highs, including Ethereum’s peak at $4,891 and SHIB’s eventual climb to $0.00008845 in October 2021.
Fast-forward to today, and the market finds itself in a familiar lull. Bitcoin has been fluctuating between $84,000 and $88,000, while SHIB has hovered near the $0.000012 range. Despite pro-crypto policy signals from political heavyweights like Donald Trump, momentum remains muted.
But Schmitt sees a potential repeat of history. While he admits the market environment has evolved, the current stagnation bears a striking resemblance to early 2021. In his view, all it might take is one unexpected breakout—possibly led by SHIB—to set off another bull cycle.
At press time, SHIB is trading at $0.00001274, up 2.7% over the last 24 hours and 4.3% over the past week. While modest, these gains could be the early tremors of a bigger move.
Is Shiba Inu about to steal the spotlight again? If Schmitt is right, crypto investors may want to keep a close eye on the meme coin that once led a revolution.