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Analysts from prominent crypto trading platform Changelly predict that it could take several years for Shiba Inu to reach $0.000272 and $0.00341, respectively.
Shiba Inu is feeling the wave of the ongoing relief rally across the broader market. Data from CoinMarketCap shows that the price of the dog-themed token has soared 11.28% over the past seven days to $0.0000147.
Interestingly, this relief rally has reignited investors’ hopes of a bull run that could take Shiba Inu’s price to loftier targets like $0.000272 and $0.00341.
Expected Growth Rate for Shiba Inu’s Potential Surge to $0.000272 and $0.00341
At the current exchange rate of $0.0000147, Shiba Inu must surge 1,859.65% to reach the projected price of $0.000272. Reaching this target would mark a new all-time high for Shiba Inu, potentially taking SHIB’s market cap from $8.18 billion to $160.32 billion, assuming the asset’s circulating supply remains stable at 589.27 trillion.
Notably, hitting the $0.00341 target would take Shiba Inu closer to the much anticipated one-cent dream. To reach the $0.00341 price level, Shiba Inu must increase by 24,467.72% from its current price. At $0.00341, Shiba Inu would have a market cap of $2 trillion, up 24,467% from its current level of $8.18 billion.
Potential Timeline for Shiba Inu Surge to $0.000272 and $0.00341
As the $0.000272 and $0.00341 forecasts gain momentum in the Shiba Inu community, we examined the potential timeline SHIB could reach these targets.
According to Changelly experts, Shiba Inu could hit the $0.000272 and $0.00341 targets in its lifetime. However, they projected that these predictions could take several years to materialize.
Specifically, Changelly projected that Shiba Inu’s price could reach the $0.000272 target by February 2032, almost eight years from now. Changelly experts mark the $0.000272 target as Shiba Inu’s maximum price in February 2032.
Also, the analysts projected that the $0.00341 prediction would become a reality by April 2040.
Meanwhile, several analysts have previously issued similar predictions, speculating that Shiba Inu would surge to the $0.0002 and $0.003 territories in the future.
SHIB to $0.0002
On June 8, Forbes Under 40 candidate and Bitcoin investor Moataz “Eljaboom” Elsayed drew attention to Shiba Inu’s interesting performance, noting that the token was repeating its 2021 pattern. According to him, if Shiba Inu continues the trend, SHIB’s price could surge to $0.0002404. However, he did not set a timeline for this potential surge.
A few days later, famous market observer Valeriya predicted Shiba Inu could stage a 1,000% rally in June. At the time, Shiba Inu was changing hands at $0.00002207. Therefore, if Shiba Inu had witnessed the 1,000% surge, its price would have risen to $0.00022.
In July, the popular crypto analytics platform ‘More Crypto Online’ projected that Shiba Inu could hit $0.0002501 based on its Elliott Wave Theory analysis. However, the platform did not set a specific date for when this prediction will materialize.
SHIB to $0.003
Meanwhile, the $0.003 target is not a new prediction in the Shiba Inu community. Multiple experts have projected that Shiba Inu could rise to this price level in a few years.
For instance, in January, popular AI chatbots ChatGPT and Google Bard (now Gemini) forecast that Shiba Inu would reach the $0.003 level by 2029 and 2041, respectively. Notably, popular crypto prediction platform Telegaon sees Shiba Inu hitting $0.003 by 2035, 11 years from now.
In June, pseudonymous market observer Wizard Crypto predicted that Shiba Inu could rise to $0.003 before the end of this season’s bull run.
Last month, Changelly’s prediction table showed that Shib Inu would reach the $0.003 threshold by 2050. The company’s projected target of $0.00341 by April 2040 marks the exchange’s latest prediction for Shiba Inu.
Can Shiba Inu Reach These Lofty Targets
While these predictions seem unrealistic, it is worth mentioning that Shiba Inu has previously witnessed more significant surges. As reported earlier, Shiba Inu soared over 150 million percent 14 months after its launch.
Notably, Shiba Inu achieved the feat despite having an enormous circulating supply. In the meantime, Shiba Inu’s ecosystem team has made significant efforts toward reducing the supply. This led to the introduction of an automatic burn portal, which incinerates SHIB using part of Shibarium transaction fees.
The ecosystem team behind Shiba Inu has also introduced more utilities, like games, metaverse, blockchain network, and an NFT marketplace. These projects could potentially drive Shiba Inu’s adoption, paving the way for greater upsurges.