CoinGeek Report:
Following Shiba Inu’s daily surge of 13.25%, attention is drawn to when SHIB might shed a decimal place, potentially lowering its price to the minimum level of $0.0001.
Shiba Inu has witnessed an impressive rally in the past 24 hours, marking a 13.25% increase to $0.00001507, driven by a notable gathering.
The Road to $0.0001
With Shiba Inu gaining popularity, investors are hopeful for a substantial rise that could eliminate one of the four zeros after the decimal point, setting SHIB’s price floor at $0.0001. Achieving this target would require a surge of 563.57% from the current price.
Shiba Inu has never traded with three zeros after the decimal since its inception, with its closest approach being in October 2021 when it hit a historic high of $0.00008845. Despite this, SHIB currently remains 11.55% below the mark required to reach $0.0001.
Nevertheless, recent price surges for Shiba Inu have fueled optimism regarding the potential timeline for zero removal. Thus, the potential schedule for SHIB trading at $0.0001 is effectively highlighted, aiming to eradicate zeros after the decimal.
Potential Timeline for Zero Removal
Analysts at Coipedia estimate that Shiba Inu could remove the next zero around 2028, approximately four years from now. They project SHIB’s price to range between $0.0001066 and $0.0001253 by 2028, with an average target set at $0.00011596.
Notably, Coipedia’s forecast aligns with similar targets published by other prediction platforms. Specifically, analysts at Changelly foresee SHIB reaching $0.0001 by 2027, three years earlier. Similarly, popular AI chatbot Google Bard (now Gemini) predicts SHIB could hit the target in the same year.
Achieving any of these predictions requires Shiba Inu to rise by at least 563.57% from its current price.
While reaching the target may pose challenges, several factors, including significant burns, are expected to play a crucial role in eliminating one zero after the decimal.
