Top Exchange Predictions Predict Shiba Inu Could Rise 4,166,567% to $1

Crypto exchange CoinW sparked excitement within the Shiba Inu community by offering a bold prediction that SHIB could rebound 4,166,567% to hit $1.

This suggestion came in a job on X (formerly Twitter), where CoinW conducted a survey comparing various ambitious crypto market milestones.

Specifically, participants were asked to vote for which goal could be reached first: Ethereum reaching $10,000, Shiba Inu reaching $1, BNB reaching $1,000, or Dogecoin reaching $1.

Other options in the survey included price milestones for popular cryptocurrencies like Solana (SOL), Cardano (ADA)XRP and Avalanche (AVAX). Of these predictions, the Shiba Inu’s potential rise to $1 stands out as the boldest, given the magnitude of the increase needed to reach the goal.

Currently, the Shiba Inu is trading at $0.00002400. As a result, to reach $1, the token would need to erase all of its decimal places and increase its value by 4,166,567%. For comparison, a $100 investment in SHIB at current prices could theoretically yield $4.2 million if this prediction comes true.

Interestingly, CoinW’s survey also asked whether this monumental achievement could happen before Bitcoin hits $100,000 or Ethereum hits $10,000. However, Bitcoin has already passed this milestone. Meanwhile, Ethereum would only need to surge 173% from $3,650 to hit its $10,000 target.

Is an increase of 4,166,567% possible for the Shiba Inu?

Skepticism about Shiba Inu reaching $1 is understandable, but history provides an intriguing precedent. Shiba Inu has already demonstrated remarkable growth, up 150,000,000% from its historic low to its peak. This meteoric surge created life-changing wealth for early adopters, with one investor famously turning an $8,000 investment into more than $5.7 billion.

Despite these historic gains, replication of this performance in the near future seems unlikely due to the market capitalization implications. If SHIB reached $1, its market capitalization would exceed $589 trillion, far outpacing the entire global economy.

Meanwhile, platforms like Telegaon suggest that Shiba Inu could reach $1, but only after several decades of gradual growth and adoption. Specifically, Telegaon argued that $1 was achievable for SHIB by 2050.

Overall, CoinW’s bold prediction has reignited conversations about the limitless possibilities of cryptocurrency, although the odds remain against such extraordinary outcomes. Whether or not SHIB reaches $1, its community keep dreaming big.