Shiba Inu (SHIB) has increased significantly since its launch in August 2020. However, the token has followed a downward trend after reaching an all-time high in October 2021. Many new investors worry that they may have missed the boat with SHIB. But SHIB fans are optimistic that the popular meme coin will eventually achieve its “one cent dream.” However, SHIB will need to surpass $0.001 before reaching one cent.
Shiba Inu (SHIB) would need to rise approximately 12.185% to reach $0.001. This level of growth is nothing the token has not achieved before. Therefore meme coin He can deliver such a performance once again. However, the question is when SHIB can rise by 12,000%.
When Will Shiba Inu Reach $0.001?
According to Telegaon, SHIB will enter the double-zero region between 2030 and 2040. According to Telegaon’s estimates, investors will have to wait for at least 6 to 16 years. The problem with the timeline is that many investors may not want to wait that long for a 12,000% rally. New meme coins appear every few weeks and rise at about the same rate. Pepe (PEPE), a meme coin launched in April this year, rallied by several thousand percent shortly after its debut.
However, Changelly does not expect Shiba Inu (SHIB) to reach $0.001 until 2030. Koinfinans.com As we reported, the platform expects the meme coin to delete a few zeros after its decimal point. But he doesn’t predict it will reach $0.001 anytime soon.
Moreover, to reach a price of $0.001, SHIB would need to reduce its circulating supply. If the price of SHIB reaches $0.001 with the current supply of 589 trillion tokens, this means the market cap of the project will reach trillions of dollars. Therefore, token reduction should be the goal of the project before aiming for higher prices.