This article compiles various predictions about when Shiba Inu (SHIB) might drop one or two zeros from its price. Since its debut in August 2020, Shiba Inu has shown impressive performance, successfully eliminating multiple zeros from its price.
Shiba Inu Successfully Removes Five Zeros
Shiba Inu has successfully erased five zeros from its price following a significant rise. According to Yescas, Shiba Inu started trading in August 2020 at a nominal price of $0.000000000972. Two months later, it added another zero to its decimal figure. However, things took a bullish turn for Shiba Inu in January 2021, as it began the year with eight zeros after the decimal point. The token continued its upward momentum in 2021, reducing the number of zeros to four. On October 28, 2021, Shiba Inu reached its all-time high of $0.00008845.
Potential for Further Price Increases
Despite trading with four zeros currently, many entities expect SHIB to remove one or two more zeros in the coming years. If SHIB eliminates one zero, it would trade at $0.0001, and if it removes two, it would trade at $0.001.
SHIB to $0.0001
Removing one zero from SHIB’s price would raise it to a minimum of $0.0001, representing a 559% increase from its current level of $0.00001517. Crypto trading platform Changelly predicts that Shiba Inu will reach $0.0001 by 2027, three years from now. Similarly, Google Bard (now Gemini) forecasts that Shiba Inu will hit the $0.0001 target in the same year. Other market watchers have outlined scenarios that could drive SHIB to this level. Notably, on June 20, prominent market observer Sam TCR predicted a massive rally for Shiba Inu, which could propel its price to $0.0001, although he did not provide a timeline for this achievement.
SHIB to $0.001
Interestingly, leading market observers believe that Shiba Inu could achieve this ambitious goal within its lifetime. While some have provided timelines for when Shiba Inu might reach $0.001, others have not. Achieving the $0.001 mark requires Shiba Inu to remove two zeros from its price, necessitating a 6491% increase from its current level. Some predict that Shiba Inu could reac
h this target in the 2024/2025 market cycle. Additionally, Crypto Basic reported last month that Shiba Inu could rise to $0.001 by December 2024 if its price doubles eversuoy month. At that time, Shiba Inu was trading at $0.00002532.
Read more Confident Targets for Shiba Inu Set by Analyst Abmoon from TradingView
Currently, Shiba Inu trades at $0.00001517, down 11.29% over the past seven days and 41.31% on the monthly charts. However, it has risen by 13.3% on th0e daily charts.
By analyzing these predictions, investors can gauge the potential future performance of Shiba Inu and decide on their investment strategies accordingly.
Important Notice: The content presented in this article is intended for informational purposes only and should not be interpreted as financial advice. Coinshibainu.com bears no responsibility for any investment decisions made relying on the information contained herein. It is highly recommended to consult with a qualified expert or financial advisor before making any investment decisions.
