Shiba Inu is trading at the $0.000018 mark this week and mostly trading sideways in the indices. SHIB has not experienced a massive price burst since March, when it skyrocketed 280% in a month. Investors almost tripled their money in Q1 this year but lost it all as the months progressed. It is now under the bearish grips with little to no price bursts in the last seven months.
Also Read: Shiba Inu: By When Can You Turn $1000 Of SHIB To $500,000?
However, a data analytics firm has predicted that Shiba Inu could delete two zeroes and trade at $0.002. That’s an impressive spike of 12,000% from its current price of $0.000018. Therefore, if the forecast turns out to be accurate, an investment of $1,000 could turn into $121,000. This article will highlight when SHIB could reach the $0.002 price mark in the indices.
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Shiba Inu: When Will SHIB Reach $0.002?
Leading on-chain metrics and price prediction firm CoinCodex has painted a bullish picture for the dog-themed meme coin. According to the price forecast, SHIB could hit $0.002 not in the short term but in the long run. Investors who hold on for the long term and can wait for 25 years might see the token reach $0.002.
The data analytical firm has projected that Shiba Inu could reach $0.002 in 2049. That’s another 25 years from today, and only investors with diamond hands can wait that long. The following two and a half decades could make SHIB delete two zeroes and hit a new all-time high.
“Shiba Inu would need to gain 53,736.26% to reach $0.01. According to our prediction algorithm, the price of SHIB will not reach $0.01. The highest expected price our algorithm estimates is $ 0.002192 by 2049,” read the forecast. The estimate indicates that SHIB would need many more years or even decades to consider hitting the $0.01 mark.
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