Shiba Inu’s (SHIB) popularity skyrocketed when the token surged by many million percent during its 2020-2021 rally. Many early investors turned into multi-millionaires and some even billionaires.
While some think the SHIB boat has sailed, others believe there is still time to make it big with the popular memecoin. SHIB fans, popularly known as the SHIB Army, are pursuing the ‘one-cent dream’ of SHIB reaching $0.01.
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If you want to have one million dollars worth of SHIB when it reaches $0.01, you will need 100,000,000 (100 million) tokens. The price of 100 million SHIB right now is about $931.4. The rise in profit would translate to a growth of about 107,311%.
When will Shiba Inu (SHIB) reach $0.01?
Shiba Inu (SHIB) is finally showing signs of recovery after the recent market selloff. The asset is up 2.5% in the last 24 hours and 3.3% over the previous week. SHIB’s latest rally is likely due to Bitcoin (BTC) surging to a new high of $46k. However, SHIB is still struggling to overcome the $0.00001 resistance level.
Reaching $0.01 is no easy task. According to Changelly, Shiba Inu (SHIB) could hit $0.01 sometime in 2050, almost 26 years from now. Twenty-six years is a long time for investors to hold on to their SHIB. Many will likely not have the patience to hold for so long.
Telegaon, on the other hand, paints a little more bullish picture for Shiba Inu (SHIB). According to the platform, SHIB could reach $0.01 between 2035 and 2040, about 11 and 16 years from now.
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According to the forecast from both platforms, investors would have to wait at least one decade before SHIB breaches the $0.01 level.
Shiba Inu’s (SHIB) massive supply is one of the most significant barriers to its price. If the SHIB team can drastically reduce SHIB’s circulating supply, the asset may reach the $0.01 goal much sooner than anticipated.
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