Shiba Inu Team Says a SHIB Surge to $0.01 Is Possible but Not Imminent
The marketing lead of the Shiba Inu ecosystem expresses confidence in SHIBs long-term potential, forecasting a surge to the $0.01 price target. Several crypto experts have continued to set different audacious targets for Shiba Inu, including a potential surge to the $0.01 price mark. This prediction has sparked a major debate within the Shiba Inu community, with enthusiasts wondering whether SHIB can reach this lofty height. For context, SHIB is currently trading at $0.00001275, up 2.09% over the past 24 hours. At the current price, SHIB would require a surge of 78,331% to hit the $0.01 target. If SHIB accomplishes this feat, its market cap will soar to $5.89 trillion from the current valuation of $7.51 billion. SHIB to $0.01 Is Possible Interestingly, Shiba Inus marketing lead, Lucie, believes SHIB can hit the $0.01 target in its lifetime. Lucie, who has held SHIB since 2021, expressed confidence in the tokens potential, asserting that the $0.01 target is realistic. However, she emphasized that it would take time before Shiba Inu eventually hits the ambitious $0.01 target. Her commentary represents a subtle call for investors to exercise patience and continue to hold SHIB amid short-term price fluctuations. Lucie is not the only crypto stakeholder who believes the $0.01 target is realistic for Shiba Inu. Prominent community figure Luis Delgado (alias Del Crxpto) shared a similar sentiment last year. According to the expert, it is certain that SHIB will hit the $0.01 target. Notably, Delgado highlighted how Dogecoin (DOGE), which launched in 2013 with an opening price of $0.00056, eventually soared to the $0.01 target in December 2017. He noted that DOGE achieved the feat despite its price retracing to $0.0001 a few months after its launch. Although SHIB's current price is significantly lower than the levels at which DOGE traded before its surge to $0.01, Delgados analysis implies that Shiba Inu could follow a similar upward trajectory and eventually hit the one-cent milestone. Timeline for SHIBs Surge to $0.01 Like Delgado, Lucie did not set a timeline for SHIB to soar to the $0.01 price mark. As a result, we consulted multiple entities to ascertain when the $0.01 price prediction might become a reality for SHIB. Popular crypto trading platform Changelly predicted that SHIB will clinch the $0.01 mark by August 2040. Experts at the exchange expect SHIB to trade at a maximum price of $0.0109 during this period.
Text source: The Crypto Basic
