The Decade-Long Quest: When Will Shiba Inu Hit the Coveted $0.01 Mark?
The cryptocurrency world is abuzz with speculation surrounding Shiba Inu's ambitious journey to the $0.01 price point. While the popular meme coin currently faces market headwinds, leading crypto exchange Changelly has offered a series of long-term predictions, outlining a multi-decade path for SHIB to potentially shed several zeros and reach this significant milestone.
Ambitious Price Targets: A Look at Long-Term Forecasts
Changelly's analysis suggests that Shiba Inu could reach $0.01 as early as September 2040, projecting a maximum price of $0.0106 by that time. Further forecasts from the exchange indicate that SHIB might even climb to $0.0139 by the close of 2040, with an even more optimistic peak of $0.0177 by year-end 2050. This latter prediction implies a staggering 160,809.1% gain from its current price levels, underscoring the monumental growth required for such an achievement.
The Role of Token Burns and Supply Dynamics
A key mechanism eyed by the SHIB community to drive this price appreciation is the token burn rate. Experts emphasize that reducing the circulating supply is crucial for Shiba Inu to reach the $0.01 target. Calculations by the Shiba Inu burn tracker suggest that the circulating supply would need to drop to approximately 224 trillion tokens. This means a substantial 61.98% of the current supply, or about 589.5 trillion tokens, must be permanently removed from circulation. As of now, SHIB's circulating supply stands at 589.24 trillion, highlighting the significant efforts still needed in conjunction with robust market demand to impact its price meaningfully.
Glimmers of Hope: Short-Term Recovery Signals
Despite its ongoing struggle and a year-to-date loss that places it among underperforming altcoins, some analysts see potential for a near-term recovery. Crypto analyst Javon Marks, for instance, has identified a bullish divergence, predicting a recovery move of over 150% that could push SHIB's price to $0.000032. Similarly, SHIB Knight pointed to $0.00001209 as an initial recovery target, identifying it as a former accumulation zone. These analysts attribute SHIB's historical ability to bounce back quickly during market upturns to the unwavering strength and dedication of the "SHIB Army." At the time of reporting, Shiba Inu is trading around $0.00001065, reflecting recent fluctuations.
