Market watchers have projected timelines for Shiba Inu to reach $0.0006 and $0.005, with varying forecasts from crypto analysts and enthusiasts.
Shiba Inu has continued to struggle with four leading zeros, trading around $0.000017. Although Shiba Inu deleted a zero in February, it has been unable to make significant progress in price over the last eight months.
However, this lackluster performance has not deterred the ambitions of Shiba Inu proponents, with various price forecasts for SHIB circulating in the crypto community. This article examines the popular projections for Shiba Inu to cancel more zeros and trade at $0.0006 and $0.005.
Varying Timelines for Shiba Inu to Hit $0.0006
At the current market price of $0.00001723, reaching $0.0006 would require a growth of 3,382% for Shiba Inu. According to analysts at prediction platform Telegaon, it would take Shiba Inu six years to achieve this growth and attain an average price of $0.0006446.
Meanwhile, researchers at the Changelly crypto exchange estimate that it could take Shiba Inu at least eight years to break the $0.0006 level. However, analysts at CoinCodex suggest it might take until 2050 for Shiba Inu to reach even $0.0005.
Conversely, some analysts in the crypto community disagree with these extended timelines from prominent entities. According to Davie Satoshi, a widely followed meme coin analyst, Shiba Inu could register a 30X rally this bull season, implying a price of $0.0006 by 2025.
At the $0.0006 price point, Shiba Inu would command a market cap of $353.4 billion, surpassing the current valuation of Ethereum, the second-largest cryptocurrency.
Timelines for Shiba Inu to Hit $0.005
For Shiba Inu to cancel another zero and trade at $0.005, it would need to increase by 28,919% from its current level of $0.00001723. Notably, at this elevated price, Shiba Inu could command a market cap of approximately $3 trillion, comparable to the current valuation of Apple.
According to Changelly, this threshold may be achievable for SHIB by May 2040. However, Telegaon analysts set a more immediate timeline of 2035.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
