Shiba Inu continues to attract interest among cryptocurrency enthusiasts and market analysts, despite its current underperformance. Some remain optimistic about the token’s long-term prospects, envisioning potential price milestones as high as $0.01 or even $1. While these forecasts are ambitious, proponents cite past market behavior and future project developments as reasons to remain hopeful. Current Market Standing The token is currently trading at $0.00001105, showing a 2.37% decline in the last 24 hours and an 8.17% decline in the last week. Over the last 30 days, the token has lost 27.98% of its value. According to CoinMarketCap , SHIB holds the 19th position among cryptocurrencies, with a market capitalization of approximately $6.7 billion. Despite recent losses, long-term supporters believe SHIB could still achieve substantial gains, referencing its explosive growth during the 2020–2021 bull run when it surged by over 150,000,000%. Among the SHIB community, the possibility of the token reaching $0.01 is often referred to as the “one-cent dream.” Achieving this would require an increase of over 87,000% from its current price. However, such a price would give SHIB a market valuation of nearly $5.89 trillion, an amount that far exceeds the current total market capitalization of all cryptocurrencies combined. Luis Delgado, a market observer, has expressed optimism about this possibility. He believes that upcoming initiatives from Shiba Inu’s lead developer, Shytoshi Kusama, could potentially drive significant upward momentum. Delgado has stated that SHIB was conceptually designed to reach around the $0.01 level and maintains that long-term market dynamics could support this goal. Shiba Inu’s marketing lead, known as Lucie, has also echoed this sentiment. While she acknowledged that achieving $0.01 would require time, she emphasized that it remains a realistic target given sufficient development and market support. Possibility of Reaching $1 A $1 price point for SHIB is considered even more improbable by most analysts, as it would require a surge of nearly 8.8 million percent. At this valuation, SHIB’s market cap would exceed $589 trillion, significantly surpassing the value of global financial assets and even the total money supply, which was estimated at $129 trillion in Q2 2024. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Still, the $1 forecast is occasionally discussed within the community. CoinW , a cryptocurrency exchange, included SHIB’s potential rise to $1 in a recent public poll alongside other bullish predictions for major cryptocurrencies. Lucie also referenced ChatGPT’s view that a $1 price, while extremely challenging, is not entirely impossible if several favorable conditions align, including widespread adoption, extensive token burns, and a strong bull market. However, many analysts disagree. TradeCityPro , a contributor on TradingView, considers the $1 goal unrealistic due to the market cap implications. Similarly, Bitcoin advocate Davinci Jeremie noted that SHIB will not reach such extreme valuations unless a large portion of its supply, currently at 589.25 trillion tokens, is removed from circulation. Forecast Timelines Neither Delgado nor Lucie has provided specific timelines for when SHIB might reach $0.01 or $1. To address this gap, predictions from platforms such as Changelly and Telegaon offer some guidance. According to Changelly, SHIB could reach the $0.01 mark by September 2040. Telegaon shares a similar estimate, projecting that SHIB may hit $0.08 by the end of 2040 and could even surpass $1 by 2050, reaching up to $1.06 under highly favorable circumstances. While there is a strong base of support for optimistic price targets, reaching $0.01 or $1 would require unprecedented market movements or a dramatic reduction in Shiba Inu’s circulating supply. As it stands, these milestones remain speculative and should be viewed with caution. The feasibility of such growth hinges on fundamental changes in tokenomics, adoption rates, and broader market dynamics. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post SHIB Price Forecasts from $0.01 to $1: Here are Likely Timelines appeared first on Times Tabloid .
