Shiba Inu To Reach 5 Cents? Here’s When SHIB Might Hit $0.05 | shiba inu SHIB | CryptoRank.io (2024)
Not many investors were eager to purchase Dogecoin when it was trading below the $0.01 mark between 2013 and 2020. When DOGE hit 1 cent in early 2021, a flurry of new and first-time investors entered the markets, making its price go further up in the indices. DOGE went from $0.01 to $0.73 in less than six months during that period. Similarly, Shiba Inu has chances of zooming in price after it reaches the $0.01 mark despite sell-offs.
Also Read: Shiba Inu: What’s the First Thing You’ll Do When SHIB Reaches $0.01?
When SHIB crosses 1 cent, another batch of new and first-time investors could enter the markets due to the frenzy in the news that ‘investors turned millionaires’, similar to Dogecoin’s story. In this article, we will highlight a price prediction on when Shiba Inu could reach the $0.05 milestone.
Shiba Inu: When Could SHIB Reach $0.05 (5 Cents)?
Shiba Inu is close to deleting its fifth ‘zero’ as it traded around the $0.000009 threshold on Wednesday. SHIB is on the heels of a possible Shibarium launch that could make its price sit above the $0.00001 target. The token is already up double digits today and is attracting bullish sentiment in the indices. However, investors are eager to see SHIB delete all its zeroes and climb above the $0.01 mark.
Also Read: Shiba Inu: You Only Need $10 To Become a SHIB Millionaire
Leading on-chain metrics and price prediction firm Telegaon has forecast that Shiba Inu could climb above $0.01 in 2040. According to the prediction, Shiba Inu could hit a price target of $0.05 (5 Cents) during the same year in 2040.
Also Read:Shiba Inu: Investor Would Have Made $40 Million With A $200 Investment
That’s 17 years from today, and there’s a long way to go. A handful of investors might not wait that long and could offload their holdings in the coming years. Holding on to nearly two decades is the true test of ‘diamond hands’.
However, there is no guarantee that SHIB could hit $0.05, let alone cross $0.01 on or before 2040. The markets are highly volatile and cut both ways, creating drastic losses. It is advised to do thorough research before taking an entry-level position at SHIB.
According to the prediction, Shiba Inu could hit a price target of $0.05 (5 Cents) during the same year in 2040. That's 17 years from today, and there's a long way to go. A handful of investors might not wait that long and could offload their holdings in the coming years.
Shiba Inu Coin Price Analysis and Forecast 2022-2030
According to crypto analysts, if the crypto market rebounds to 2021 performance, Shiba Inu's price can reach $0.0001 in 2022. They also predict that the Shiba Inu price will touch $0.00015 by 2023, $0.0002 by 2025, and $0.01 by 2030, making an all-time hit.
The current price of SHIBA INU is $0.000013 per SHIB. With a circulating supply of 589,269,573,651,136.9 SHIB, it means that SHIBA INU has a total market cap of $7,857,470,600.11. The amount of SHIBA INU traded has risen by $17,471,324.30 in the last 24 hours, which is a 11.18% increase.
According to insights from BTCC, if SHIB were to undergo a 50% coin burn annually for the next two decades, it would take approximately 19 years to reach 1 cent. However, more conservative estimates from CoinCodex suggest that SHIB's price might reach $0.00002997 by July 2025.
A more realistic prediction for Shiba Inu's price by 2024-2025 is from $0.0001 to $0.0003, assuming favorable market conditions and continued development within its ecosystem.
Shiba Inu's highest trading price in 2050 is expected to be about $0.0084. According to our calculations, Shiba Inu might reach an average price of $0.0077 by 2050. Shiba Inu may also face short downturns, with the minimum price level hanging around $0.0074.
While it foresees a steady growth trend for the token in the coming years, it projects touching $0.1 will likely not be possible until 2050. Per the Telegaon projection, Shiba Inu is likely to trade at a low price of $0.62 by 2050 and a high price of $1.06.
By 2040, Shiba Inu's (SHIB) value could reach $.001 in the best case, especially if it develops utility aspects like NFTs. Without such advancements, SHIB is likely to remain range-bound, not exceeding $. 00009, heavily influenced by its meme coin status and market trends.
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