Lucie, an expert in Shiba Inu content, has reaffirmed her belief in the prediction that SHIB will eventually reach a value of $0.01.
Shiba Inu has experienced significant gains in the recent market uptrend. While the asset had a slow period from Q4 2023 to late February, it eventually saw an impressive surge in value until March 5.
The rally in price, which pushed Shiba Inu above the $0.000045 mark, has sparked renewed optimism among market participants. As a result, predictions of even greater growth have emerged, with the $0.01 target becoming the focus.
Amidst the excitement, Lucie took to X to share her perspective. She admitted that she had been hesitant to comment on Shiba Inu as its price surged. However, as an investor since 2021, she emphasized her long-term enthusiasm for the cryptocurrency.
Lucie revealed that she has always believed in Shiba Inu’s potential to reach higher price levels, particularly the $0.01 target. She expressed confidence that the cryptocurrency could achieve this milestone, but cautioned that it may not happen immediately.
It is worth noting that some people consider the $0.01 price target too ambitious for Shiba Inu to attain. However, similar sentiments were expressed when the price goals were at the $0.00003 and $0.00004 levels last year, as Shiba Inu faced challenges between $0.00005 and $0.00008.
There are several factors contributing to the renewed optimism. One of these is the burn campaign, which reduces SHIB’s circulating supply. Some proponents believe that these burns could support a major price surge, as Shiba Inu achieved significant growth in 2021 even without burns.
Additionally, a community figure recently highlighted 15 reasons to believe in Shiba Inu, including its recognition in Hong Kong, its relationship with Robinhood, its non-security status, support from major exchanges, and an active community. The fact that all of Shiba Inu’s supply is already in circulation and the decentralized nature of the project are also seen as bullish indicators for a potential climb to $0.01.
As for when Shiba Inu could reach $0.01, Lucie believes it won’t happen in the near future. However, she did not provide a specific timeline and emphasized that her thoughts should not be taken as investment advice.
According to analysts at crypto trading platform Changelly, Shiba Inu could reach $0.01 between 2033 and 2040. Meanwhile, Google Bard (now Gemini) predicted that Shiba Inu could reach $0.001 within 12 months if it experiences a 230% rally each month.
Please note that this article is for informational purposes only and should not be considered financial advice. The opinions expressed in this article are solely those of the author and do not reflect the views of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions. The Crypto Basic is not responsible for any financial losses incurred.