Shiba Inu investors have big dreams of seeing the token reach $0.01, but it might take several decades with annual growth rates of 30% or 50%.
Shiba Inu recently had a notable double-digit increase after a challenging period where it lost its standing among top cryptocurrencies. Currently, it’s trading at around $0.000007812 with a seven-day growth of over 11%, making a push to reach $0.00001.
However, investors have set their sights even higher, aiming for the complete elimination of leading zeros to reach $0.01. This milestone is a significant goal for those who hope to become millionaires when Shiba Inu hits that mark. Achieving this goal may be challenging in this century unless Shiba Inu experiences sustained annual growth, such as a 30% increase.
Calculating Growth at 30% and 50% Annually
We can use a mathematical equation for exponential growth to calculate how long it will take for Shiba Inu to go from $0.000007812 to $0.01 with a 30% annual increase. The formula and the steps for the calculation are shown in the image below.
To reach $0.01 from its current value of $0.000007812, Shiba Inu would take approximately 39 years with a 30% annual increase, landing us in the year 2062, quite far into the future. Interestingly, a well-known prediction firm has suggested that Shiba Inu could reach $1 by 2050.
On the other hand, if Shiba Inu experiences a 50% annual growth, it could achieve the one-cent goal much faster. Using the same mathematical formula, it’s projected to reach $0.01 in around 16 years with a 50% yearly increase. However, according to CoinMarketCap data, Shiba Inu has seen a negative 27% year-to-date growth.
Achieving the dream of Shiba Inu reaching one cent might be challenging due to its substantial circulating supply of over 500 trillion tokens. Nevertheless, the Shiba Inu team is actively working on accelerating the process of burning SHIB tokens in hopes of boosting its price.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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