Shiba Inu (SHIB) has risen by many million percent since its launch in August 2020. However, the token has been on a downward trajectory after hitting its all-time high in October 2021. Many new investors worry that they may have missed the boat with SHIB. However, SHIB fans are optimistic that the popular dor-themed crypto will eventually reach the “one-cent dream.” Nonetheless, SHIB would first have to overcome $0.001 before hitting one cent.
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For Shiba Inu (SHIB) to reach $0.001, it would need to surge by around 12,185%. This level of growth is not something the token has not achieved before. Hence, the memecoin may display such a performance once again. However, the question then becomes when SHIB can rally 12,000%.
When will Shiba Inu reach $0.001?
According to Telegaon, SHIB will enter the two-zero territory between 2030 and 2040. By Telegaon’s estimations, investors would have to hold for at least 6 to 16 years. The issue with the timeline is that many investors may not want to wait that long for a 12,000% rally. New memecoins appear every few weeks, rallying by about the same percentage. Pepe (PEPE), a memecoin launched in April this year, rallied by several thousand percent soon after its debut.
Changelly, however, does not anticipate Shiba Inu (SHIB) to reach $0.001 by 2030. The platform expects the memecoin to delete a few zeros after its decimal point, but it does not forecast it to hit $0.001 anytime soon.
Also Read: Shiba Inu: When Will SHIB Reach $1?
Moreover, to reach a price of $0.001, SHIB would have to reduce its circulating supply. If SHIB’s price reached $0.001 with the current 589 trillion token supply, it would mean that the project’s market cap would hit many trillions of dollars. Hence, token reduction should be the project’s goal before targeting higher prices.
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