This article examines the potential timeline for Shiba Inu to reach the price levels of $0.0007 and $0.007, assuming consistent annual growth of 100%.
As of now, Shiba Inu bulls have regained control, reclaiming the price levels that were lost earlier in the week. Within the last 24 hours, SHIB has experienced a 12% surge, reaching $0.00002533. This bullish run has effectively nullified the losses incurred over the past seven days.
Interestingly, market observers had anticipated these gains. Several analysts had predicted this comeback towards the end of last month, despite the prevailing bearish sentiment that dominated the market in April.
One popular outlook for Shiba Inu’s value in this emerging bull market is the expectation that the asset will eliminate more leading zeros. Currently, Shiba Inu trades with four zeros, the same number it had when it reached its peak of $0.00008845 in 2021. Eliminating further decimal points would signify a new peak for the asset.
With this in mind, The Crypto Basic explores the potential timeline for SHIB to achieve new milestones at price points such as $0.0007 and $0.007 if the asset experiences 100% yearly growth.
If SHIB were to grow by 100% in one year, starting from its current value of $0.00002533, its price would double to $0.00005066. If it achieves another 100% gain the following year, the value would double again to $0.00010132.
At this point, SHIB would have made history with an unprecedented market value of $0.00010132.
Assuming the asset maintains this pattern, it would surpass the $0.0007 threshold by 2029. With consistent 100% yearly growth, it would take approximately five years to reach $0.0007. Cumulatively, Shiba Inu would have achieved a growth of 2,663% whenever it reaches $0.0007.
On the other hand, if Shiba Inu enthusiasts entering the market today hope to see a price of $0.007, they would have to wait for a more extended period. A 100% yearly growth rate would push the value of SHIB to $0.007 by 2032, which is eight years from now.
By this time, SHIB would have hypothetically surged by 27,535% from its current market value of $0.00002533.
Analysts seem to agree with this timeline. Telegaon, a prediction platform, has put forth a maximum price target of $0.000712 for SHIB by 2030. This aligns closely with the projected duration for SHIB to reach $0.0007 with yearly 100% gains.
Additionally, analysts at Changelly Exchange expect Shiba Inu to attain $0.007 between 2033 and 2040.
It is important to note that this article is for informational purposes only and should not be considered financial advice. The views expressed are solely the author’s opinions and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions, and The Crypto Basic holds no responsibility for any financial losses incurred.