Shiba Inu is currently trading around the $0.000015 price range and another leg down could make it add a zero. SHIB has been spiraling downward since Q2 of 2024 and the development is testing the patience of investors. While investors want the token to delete its zeroes, it seems to be adding one.
Also Read: Shiba Inu: Employees To Resign From Work If SHIB Rises 100,000%
The dog-themed cryptocurrency is currently trading in the indices with four zeroes and traders are hoping for it to delete a zero and move with three zeroes in the charts. In this article, we will highlight when Shiba Inu could knock out its fourth zero and reach three zeroes at $0.0001.
SHIB: When Will Shiba Inu Delete Its Fourth Zero & Hit $0.0001?
A leading on-chain metrics and price prediction firm Coinpedia has forecasted when SHIB could delete its fourth zero. According to the forecast, it is estimated that Shiba Inu might knock out its fourth zero and trade at $0.0001 in 2028. That’s another four years down the line and is considered a long-term investment.
Also Read: Shiba Inu: New Forecast Indicates SHIB To Rise 250%, Hit $0.00005
If the prediction turns out to be accurate, then Shiba Inu would have risen 900% from its current price. Therefore, an investment of $1,000 into SHIB today would have turned into $10,000 in 2028, if the prediction becomes true. The uptick and return on investment (ROI) prospects seem impressive for a waiting period of four years.
Also Read: Shiba Inu To $0.01? Publicly Traded US Firm Accepts SHIB Payments
![Can Pepe Coin [PEPE] Erase a Zero This July 2024?](https://watcher.guru/news/wp-content/uploads/2024/07/pepe.jpg)
While $0.0001 is not the goal, and $0.01 is, reaching three zeroes will open the path toward the 1-Cent dream. Reaching the $0.01 milestone will get closer and if SHIB attracts fresh investors, its price could zoom forward. The token needs large-scale adoption in the fintech sector and spread its use cases to garner new and first-time investors. When that happens, SHIB could sustainably scale up in the indices and reach new highs in the charts.
Credit: Source link
