Market watchers predict Shiba Inu to hit $0.0006 and $0.005, with varying predictions from analysts and crypto enthusiasts.
Shiba Inu continued to struggle with four leading zeros, trading around $0.000017. Although Shiba Inu cleared a zero in February, its price has not been able to make significant progress over the past eight months.
However, this lackluster performance has not deterred the ambitions of Shiba Inu supporters, with various price predictions for SHIB circulating in the crypto community. This article examines popular projections that Shiba Inu would cancel more zeros and trade at $0.0006 and $0.005.
Varying timelines for Shiba Inu to reach $0.0006
At the current market price of $0.00001723, reaching $0.0006 would require 3,382% growth for Shiba Inu. According to analysts at prediction platform Telegaon, it would take six years for Shiba Inu to achieve this growth and reach a average price of $0.0006446.
Meanwhile, researchers at cryptocurrency exchange Changelly estimate that it will take at least eight years for Shiba Inu to cross the $0.0006 level. However, CoinCodex analysts suggest that it may take until 2050 for Shiba Inu to even reach $0.0005.
Conversely, some analysts in the crypto community disagree with these extended deadlines from prominent entities. According to Davie Satoshi, a widely followed coin analyst, Shiba Inu could record 30X rally this bull season, implying a price of $0.0006 by 2025.
Priced at $0.0006, Shiba Inu would have a market capitalization of $353.4 billion, surpassing the current valuation of Ethereum, the second largest cryptocurrency.
Timelines for Shiba Inu to reach $0.005
For Shiba Inu to cancel another zero and trade at $0.005it would need to rise by 28,919% from its current level of $0.00001723. Notably, at this high price, Shiba Inu could reach a market capitalization of around $3 trillion, comparable to Apple’s current valuation.
According to Changelly, this threshold could be reached for SHIB by May 2040. However, Telegaon analysts have set a more immediate timeline, at 2035.
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