Dogecoin (DOGE) rival Shiba Inu (SHIB) has made significant gains since its launch in August 2020. However, fans and investors expect SHIB to surpass the $0.0003 level, which it has struggled to do.
SHIB is up over 6% on daily charts along with the Bitcoin ETF wave. Additionally, the asset is up 4% on the weekly charts and 4.5% over the previous month. Additionally, SHIB deleted another zero. This development seems to have excited the community quite a bit.
When Will Shiba Inu (SHIB) Reach $0.0003?
Koinfinans.com According to Changelly, SHIB has positive sentiment among investors, as we reported. The platform expects SHIB to surpass the $0.00002 level in 2025. But Changelly doesn’t expect SHIB to delete another zero after the decimal until at least 2029, five years from now.
According to Changelly, it is possible for the Shiba Inu to reach $0.00017 in 2030 and $0.00024 in 2031. Reaching $0.00024 would represent a growth of approximately 2300% from current levels.
According to the platform, SHIB could reach $0.0003 in 2032, and the maximum forecast for the year is $0.00038. If SHIB reaches $0.00038, it would represent a growth of approximately 3700% from current price levels.
However, one of the major obstacles to the price of the Shiba Inu (SHIB) is its supply. However, the SHIB team is working on a new burning mechanism that is said to burn trillions of tokens annually. If it pans out, we may soon see a drastic drop in SHIB’s supply. In such a scenario, the asset’s price could reach the $0.0003 target sooner than expected.