Can Shiba Inu Really Hit $0.01? Here’s What Experts Say!

Shiba Inu (SHIB) community remained confident that SHIB would eventually reach the $0.01 mark, despite ongoing price fluctuations. The first quarter of 2024 brought renewed optimism when Shiba Inu benefited from a market uptrend, pushing its price above $0.000045. This surge rekindled hope among investors, including Lucie, a long-time SHIB holder since 2021, who believed in the coin's long-term potential.

Source: Coinpedia Markets 

Impressive Gains in Q1 2024

In the first quarter of 2024, Shiba Inu’s price surged by approximately 380% within ten days, reaching levels last seen in 2021. Given that SHIB traded as low as $0.00000543 in Q3 2023, its growth to $0.00004543 by Q1 2024 marked an extraordinary 736% gain, or a 7x return for investors. This impressive rise significantly bolstered confidence in SHIB’s ability to eliminate more zeros from its price.

The $0.01 Aspiration

The goal of reaching $0.01 has been a long-standing aspiration for the SHIB community, known as the SHIB Army. While some viewed this target as unrealistic, a member of the Shiba Inu project team publicly expressed belief in its attainability. Lucie, along with others, emphasized that it was only a matter of time, regardless of how long it might take. She remained convinced of Shiba Inu’s potential to achieve the one-cent dream.

Potential for Extraordinary Growth

To provide context, with Shiba Inu trading at $0.00001359, the asset would need an extraordinary price growth of 73,483% to reach $0.01. Despite the daunting challenge, many in the community, including analyst Luis Delgado, remained optimistic. Delgado, citing Dogecoin’s historic surge as a precedent, believed that a similar rise for Shiba Inu was inevitable.

Predictions and Timelines

During Shiba Inu’s historic surge in March, two Bitcoin investors asserted that SHIB could not only reach $0.01 but could potentially climb as high as $0.05. 




However, the timeline for such a significant price increase remained a topic of debate. Analysts Jason Williams and Yazan XBT predicted that Shiba Inu could exceed $0.01 by next year, which was considered the most ambitious timeline. On the other hand, researchers at Changelly suggested that $0.01 might be achievable by 2050, while Telegaon predicted it could happen a decade earlier.

Speculative Timelines

Hypothetically, if Shiba Inu experienced 100% monthly price growth, it could hit $0.01 in ten months. However, this scenario was purely speculative and considered unlikely.

The SHIB community's confidence in the $0.01 goal remained strong, fueled by past performance and optimistic predictions. While the exact timeline was uncertain, the belief in Shiba Inu’s potential for significant growth persisted, keeping the dream alive for investors.

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