The dream for Shiba Inu (SHIB) to soar from its current price level to $0.01 is a continual ambition.
The sensational growth of Shiba Inu from the time it made its debut spells one good omen about its potential: it can surpass expectations. As a result, some investors envisage its potential to erase four zeroes from its price to hit the $0.01 price mark.
While nothing is impossible in the crypto scene, this target seems highly improbable. However, should it eventually occur, the potential timeline remains a subject that has generated different predictions from various authorities in the industry.
When Will SHIB Hit $0.01?
It is worth noting that the true lofty ambitions of Shiba Inu remain the plan to touch $1 in the long term. However, to achieve this massive milestone, the token must surpass several smaller ones along the way.
The push to hit $0.01 is already a huge task that Telegaon, a crypto analytics platform, believes will not come unless investors can hold their assets until 2030 to 2040. Shiba Inu is currently worth $0.000008369 after printing 1.27% overnight. For SHIB to hit $0.01 it will have to soar as high as 119,517%.
Per the Telegaon data, SHIB will touch a maximum price of $0.000712 by 2030 while the lowest price projected for the token in 2040 is $0.054. In between these years, the token will certainly breach the 1 cent level.
Shiba Inu Price Prediction | Telegaon
It is worth pointing out that Telegaon remains one of the most SHIB-bullish platforms on record today. Others believe SHIB might continue on its growth trajectory, but without expectation of the 1 cent milestone anytime soon.
Factors That Must Align
With the current Shiba Inu supply, the chances of hitting the projected timeline are slim. Riding on this factor, SHIB needs a defined plan to shrink this supply.
Fortunately, the Shiba Inu protocol undergoes periodic burning with millions of SHIB sent to the dead wallet on a weekly basis. In all, it needs more intensity to ultimately catalyze the growth projection in the long term.
The issue of competition also has to be overcome. A number of new memecoins that can give massive returns come alive daily and users might choose not to tie up their capital for as long as SHIB hits the 1 cent mark.
To overcome this, Shibarium, its smart contract protocol, must step up and launch applications that can continually attract users to the project.
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