CoinGeek Report:
This article compiles various entities’ predictions on when Shiba Inu could shed one or two zeros from its price.
Since its debut in August 2020, Shiba Inu has made significant strides, erasing multiple zeros from its price. Last month, market observers noted that Shiba Inu had successfully removed five zeros after a substantial surge.
According to Yescas, Shiba Inu began trading in August 2020 at $0.000000000972. Within two months, another zero was added. However, optimism grew in January 2021 as the token started the year with eight zeros after the decimal point. Throughout 2021, particularly on October 28th, SHIB reached a historic high of $0.00008845.
Expectations suggest that Shiba Inu, currently at four zeros after the decimal point, could potentially shed one or two more zeros in the coming years. If achieved, this would place SHIB’s trading price at $0.0001 and $0.001 respectively.
Forecasts have been outlined on when SHIB could reach these targets of $0.0001 and $0.001.
SHIB to $0.0001:
Removing zeros from SHIB’s price would see the token rise to a minimum of $0.0001, a 559% increase from its current $0.00001517. According to crypto exchange platform Changelly’s prediction, Shiba Inu could eliminate another zero by 2027, reaching $0.0001. Similarly, Google Bard (now Gemini), a popular AI chatbot, predicts SHIB to hit the $0.0001 mark in the same year.
Other market observers have outlined scenarios that could propel SHIB to the $0.0001 level. Notably, on June 20th, renowned market observer Sam TCR forecasted a significant rebound for Shiba Inu, potentially driving its price to $0.0001. However, no specific timeline was attached to when SHIB might achieve this feat.
SHIB to $0.001:
The $0.001 level represents a more ambitious target, requiring Shiba Inu to remove two zeros from its price. Achieving $0.001 would necessitate a 6491% increase from its current level.
Interestingly, top market observers believe Shiba Inu could achieve this goal in its lifetime. While some have provided timelines for when SHIB could reach $0.001, others have not.
Notably, market expert Armando Pantoja suggests Shiba Inu could achieve this ambitious goal within the 2024/2025 market cycle. Additionally, The Crypto Basic predicted last month that if SHIB’s price doubles monthly, it could reach $0.001 by December 2024, when SHIB was trading at $0.00002532.
Meanwhile, Shiba Inu’s trading price is currently $0.00001517, having decreased by 11.29% over the past seven days and by 41.31% on the monthly chart. Nevertheless, the token has seen a 13.3% increase on the daily chart.
