CoinDesk Report:
Shiba Inu is currently trading around $0.000015. If it drops further, an additional zero could be added. Since Q2 2024, SHIB has been on a downward spiral, testing investors’ patience. While there’s hope among investors for the token to shed a zero, it appears to be adding one instead.
This dog-themed cryptocurrency currently trades with four zeros, with traders hoping to reduce it to three zeros on the charts. This article focuses on when Shiba Inu might drop its fourth zero and reach $0.0001.
SHIB: When Will Shiba Inu Drop Its Fourth Zero and Reach $0.0001?
Leading on-chain metrics and price forecasting company Coinpedia has predicted when SHIB might lose its fourth zero. According to their forecast, Shiba Inu is expected to drop its fourth zero and trade at $0.0001 by 2028. This four-year wait is seen as a long-term investment.
If the prediction holds true, Shiba Inu’s price could increase by 900% from its current levels. Therefore, a $1,000 investment in SHIB today could turn into $10,000 by 2028. The prospects of growth and return on investment (ROI) over the four-year period seem impressive.
While $0.0001 is not the ultimate goal—$0.01 is—the path to reaching three zeros sets the stage for the dream of reaching 1 cent. The milestone of $0.01 is drawing nearer, and if SHIB attracts new investors, its price could see substantial gains. The token needs widespread adoption in fintech and expansion of its use cases to attract new and first-time investors. When this occurs, SHIB can continue to scale in indices and set new highs on the charts.
