Recent statements from Shiba Inu's project leaders have sparked interest in the potential for reaching the $0.01 price level. Analysts and crypto enthusiasts share their views.
Speculation Around the Token's Potential Price
Predictions concerning the possible rise of Shiba Inu's price to $0.01 have become a hot topic within the crypto community. Various analysts and enthusiasts debate the likelihood of reaching this mark, given current market conditions. Currently, the token is trading at $0.00001251, reflecting a 4% decrease over the past 24 hours. To achieve $0.01, the asset would need to increase by approximately 798.36%, raising the token’s market capitalization from its current $7.51 billion to an estimated $5.89 trillion.
Expert Opinions on SHIB
Lucie, the marketing lead of the Shiba Inu project and a SHIB holder since 2021, has expressed confidence that the token could reach $0.01 at some point, though it will require time and patience. Her perspective is supported by Luis Delgado, a well-known figure in the community, who claims that SHIB's rise to $0.01 is inevitable, drawing comparisons to Dogecoin's trajectory. DOGE launched in 2013 at $0.00056 and reached $0.01 by December 2017, despite previous drops to $0.0001.
Potential Timeline to Reach $0.01
Neither Lucie nor Delgado has specified a timeline for when SHIB might hit $0.01. However, analysts from the platform Changelly predict it could take until August 2040, when the price might reach approximately $0.0109. Meanwhile, AI-driven forecasts by ChatGPT and Grok offer more optimistic outlooks. ChatGPT suggests the $0.01 target could be achieved within 5-10 years under favorable conditions. Grok forecasts it might hit this goal by 2030 or later.
Despite varying projections, both AI models and market analysts agree that a substantial reduction in SHIB's circulating supply will be crucial for a significant price increase. Key aspects such as increased token adoption and favorable market conditions also play an important role.
