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- Shiba Inu investor Lucie remains confident that SHIB will eventually reach $0.01.
- To hit the $0.01 target, Shiba Inu would need a massive 73,483% increase from its current price of $0.00001359.
Shiba Inu’s price fluctuations have not deterred Lucie, a Shiba Inu marketing lead. Lucie remains firm in her belief that Shiba Inu (SHIB) will eventually reach the highly sought-after price point of $0.01 despite the market’s volatility. Lucie’s optimism stems from SHIB’s significant price movements in early 2024, which bolstered confidence among investors.
Shiba Inu showed an outstanding performance in the first quarter of 2024. It spiked to $0. 000045 within just ten days, marking a 380% increase. This price level, which was last seen in 2021, brought more hope for more upward movement of SHIB. Since SHIB was trading at $0.00000543 in the third quarter of 2023, it shows that the current price represents an increase of 736% which is quite significant.
Lucy, who bought Shiba Inu in 2021, has always been confident in the token’s future value. She also notes the price spike witnessed in 2024, suggesting that SHIB has the potential to shed more zeros from its value in the future.
SHIB’s Path to $0.01 Is it Hope or Reality?
The idea of SHIB reaching $0.01 has gained traction within the Shiba Inu community, known as the SHIB Army. Although some critics view this goal as unrealistic, others, including Lucie, claim that it is not only feasible but also inevitable. Lucie is convinced that it will happen someday, no matter how many years it may take to get there.
Shiba Inu has often been compared to Dogecoin, another meme coin that has seen extraordinary growth in the past. Analyst Luis Delgado has said that SHIB could potentially follow the same trajectory as Dogecoin. According to him, the $0.01 price point is achievable, and the performance of the meme coins in the past affirms this.
$DOGE to $0.01 reminded everyone that the impossible is possible…
Never forget the lesson $DOGE taught the world. #ThinkMacro
— Del Crxpto (@DelCrxpto) July 10, 2024
SHIB’s price dropped by almost 3% in the last 24 hours and is now trading at $0.0000129. The token’s 24-hour low and high were $0.00001238 and $0.00001343, respectively. For SHIB to reach this target, the cryptocurrency would need a staggering price increase of 73,483%.
Analysts Divided on Timelines
While the $0.01 target for SHIB has become a widely discussed topic, the timeline for reaching this milestone remains unclear. Different analysts have provided varying predictions based on market trends, technical analysis, and historical data.
According to Jason Williams and Yazan XBT, famous cryptocurrency analysts, Shibu Inu may rise above $0.01 per coin by the end of next year. This is the most bullish estimate so far, and it points to a very high possibility that SHIB will experience significant growth in a short time.
For instance, researchers at the Changelly exchange predict that Shiba Inu could reach $0.01 by 2050, taking into account the coin’s current trajectory and market conditions. This 26-year timeline is much more consistent with the gradual but persistent increase in cryptocurrencies such as Bitcoin and Ethereum. Similarly, Telegaon, a prediction platform, predicts that SHIB may attain $0. 01 a decade earlier than the given time, that is, by 2040.
