Shiba Inu is currently trading at $0.000008827 with five ‘zeroes’ in the indices. SHIB is finding it difficult to delete its fifth ‘zero’ in the last six months in a row. The Shibarium burns are doing little to nothing to help the token sustainably scale up in price. The 1 Cent dream of Shiba Inu is going further away as all indicators point towards SHIB not reaching $0.01 anytime soon. The situation is grim as over a million holders want the token to reach $0.01 so they can earn $1 million and more.
Also Read: Shiba Inu: Can Shibarium Still Carry SHIB Towards $0.01?
So when will Shiba Inu hit the $0.01 milestone and will it ever happen in our lifetime? In this article, we will highlight the timeframe on when SHIB could hit the 1 Cent mark.
Shiba Inu: It Could Take 17 Years for SHIB To Hit $0.01
In the long-term outlook, Shiba Inu is forecasted to reach $0.01 in 17 years from today. Leading on-chain metrics and price prediction firm Telegaon has predicted that SHIB might hit $0.01 sometime between 2030 and 2040. Considering the latter, 2040 is 17 years from now and is away by more than a decade and a half.
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According to the analytical firm, SHIB might hit the 1-cent target in 2040. Moreover, that’s a long way from today but most definitely in our lifetime, if the estimates turn accurate.
Also Read: Shiba Inu: $9 Can Make You a SHIB Millionaire in February 2024
However, there is no guarantee that SHIB will cross the $0.01 mark sometime in 2040. The cryptocurrency markets are highly volatile and cut both ways delivering severe losses to investors. Therefore, it is advised to do thorough research before taking an entry position into SHIB currently.
At press time, SHIB was trading at $0.000008827 and is down 0.2% in the 24-hours day trade. SHIB is also down 89.7% from its all-time high of $0.00008616, which it reached in October 2021.
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