Here are Revised Projections for Shiba Inu to Reach $0.001 and $0.01 as SHIB Skyrockets 281% to $0.000035
Shiba Inu has amazed observers by surging 281% to $0.000035 in just one month, causing new projections and timelines for it to achieve the $0.001 and $0.01 price levels.
Despite Shiba Inu struggling to break the $0.00001 mark in previous years, market experts remained hopeful of an impending price surge, with forecasts of reaching $0.001 and $0.01 dominating the community’s discussions.
Surpassing Expectations
As these projections gained traction, several analytic platforms presented possible timelines for Shiba Inu to reach these ambitious price targets. For example, Changelly predicted that SHIB could reach $0.001 sometime between 2033 and 2040.
Meanwhile, Google’s Gemini chatbot (previously Google Bard) argued that while such a price seemed highly unlikely, a projected timeline of ten to twenty years (2034 to 2044) appeared more feasible. Telegaon also estimated that SHIB would hit $0.001 by 2035 when the asset was trading at $0.00000977.
Shiba Inu has already surged by 259% since these projections were made, exceeding the anticipated appreciation rate of these entities. Notably, Changelly expected Shiba Inu to only reach a maximum price of $0.00001499 this year. The current price of $0.00003510 represents a 134% increase from this prediction.
With SHIB showing significant potential, primarily indicated by the recent formation of a bull flag, Changelly and Google Bard have updated their respective outlooks on Shiba Inu, anticipating shorter timeframes for the asset to hit the desired price targets.
Revised Timelines for SHIB to Reach $0.001 and $0.01
In an updated report, analysts at Changelly now expect Shiba Inu to achieve $0.001 by 2032 with a projected minimum price of $0.001098. Last month, the same analysts predicted a minimum price of $0.0002819 for 2032.
Moreover, they anticipate Shiba Inu to reach the ambitious $0.01 target between 2033 and 2040, projecting a maximum price of $0.0385 in 2040. Interestingly, in their previous report, they projected Shiba Inu to hit $0.01 in 2050, a decade later than the revised estimate.
We consulted Google Bard, which reviewed its previous forecast based on the latest market developments. Bard presented three scenarios for SHIB to rally 2,749% to the $0.001 territory based on varying monthly growth rates.
In the most optimistic scenario, the chatbot predicted a monthly surge of 917%, which would lead Shiba Inu to reach $0.001 in just three months. Alternatively, if Shiba Inu rallies 459% every month, it could achieve the $0.001 price within six months.
The least bullish scenario from the chatbot’s analysis places 12 months as the time required for Shiba Inu to hit $0.001, with a projected monthly growth rate of 230%. Nonetheless, it is noteworthy that Shiba Inu has surpassed the projected monthly growth rate by recording a 281% increase over the past month.
SHIB’s remarkable surge coincided with the recent meme coin market frenzy that propelled several meme coins to new all-time highs. Currently trading at $0.00003510, Shiba Inu aims to reclaim the $0.00004 threshold. To break into the $0.001 and $0.01 territories, SHIB must sustain its bullish momentum.