The aspiration for Shiba Inu (SHIB) to surge from its current price level to $0.01 remains an enduring goal.

The remarkable growth of Shiba Inu since its inception hints at its potential to exceed expectations. Consequently, some investors envision the possibility of it shedding four decimal places to reach the $0.01 price threshold.

While nothing is out of reach in the cryptocurrency realm, this objective appears highly improbable. Nevertheless, if it were to materialize, the timeline for such an event has elicited varying predictions from different experts in the industry.

When Could SHIB Reach $0.01?

It's important to note that Shiba Inu's ultimate lofty ambition is to eventually reach $1 in the long term. However, achieving this monumental milestone requires surpassing several smaller ones along the way.

The push to reach $0.01 is already a formidable challenge, with Telegaon, a crypto analytics platform, suggesting that it may not occur until investors can hold their assets until 2030 to 2040. Currently, Shiba Inu is valued at $0.000008369, with a 1.27% increase overnight. To reach $0.01, SHIB would need to surge by an astounding 119,517%.

According to Telegaon's data, SHIB is projected to reach a maximum price of $0.000712 by 2030, while the lowest projected price for the token in 2040 is $0.054. Somewhere between these years, the token may breach the 1 cent level.

It's worth noting that Telegaon is among the most bullish platforms when it comes to SHIB predictions. Others believe that SHIB might continue to grow, but without expectations of reaching the 1 cent milestone anytime soon.

Key Factors to Consider

Given the current supply of Shiba Inu, achieving the projected timeline is a challenging task. To address this, SHIB requires a well-defined plan to reduce its supply.

Fortunately, the Shiba Inu protocol regularly burns millions of SHIB tokens by sending them to a dead wallet on a weekly basis. However, more aggressive measures are needed to catalyze long-term growth.

The issue of competition also looms large. Numerous new memecoins promising substantial returns emerge daily, and users might be reluctant to tie up their capital until SHIB reaches the 1 cent mark.

To overcome these challenges, Shibarium, the smart contract protocol of Shiba Inu, must take proactive steps and introduce applications that can consistently attract users to the project.