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Prominent crypto exchange CoinW has issued a daring projection for Shiba Inu, hinting that the meme coin could surge by over 7,627,665%.
In a recent post on X, CoinW sparked conversation in the crypto community by asking members to express their views on which of a series of bold predictions for the top ranking could happen first in the crypto market.
Shiba Inu to $1
Specifically, the exchange polled the crypto community to determine what is happening first: Bitcoin attaining the widely anticipated $100K target, Ethereum attaining the $10K price point, or Shiba Inu reaching $1.
The poll also included other prominent cryptocurrencies, such as $BNB, Solana ($SOL), $XRP, Cardano ($ADA), Dogecoin ($DOGE), and Avalanche ($AVAX). CoinW asked the community to weigh in on which of the following events would occur first.
- Shiba Inu reaching $1 or $BNB reaching $1,000
- Cardano ($ADA) reaching $5
- $XRP reaching $1
- Solana ($SOL) reaching $250
- Avalanche ($AVAX) reaching $100
- Dogecoin ($DOGE) reaching $1
Amid these bold predictions for prominent crypto assets, the figure suggested for Shiba Inu is the most ambitious. At press time, Shiba Inu trades with four zeros at $0.00001311. Essentially, CoinW is suggesting a scenario wherein Shiba Inu could completely clear all decimal places and trade in unit value.
Interestingly, the exchange even asked whether this milestone could precede Bitcoin reaching $100K or Ethereum reaching $10,000.
For context, Bitcoin’s achieving the $100K target requires the premier crypto to rally by 71% from its present value of $58,546. On the other hand, Ethereum’s $10K target demands a higher surge of 281% from $2,626.
Meanwhile, in Shiba Inu’s case, the meme coin must expand by 76,276 times, or 7,627,665%, to hit a $1 target. In this hypothetical case, even a $100 investment in $SHIB would be worth an astonishing $7,627,665.
Can Shiba Inu Surge 7,627,665% to $1?
The extraordinary journey required for Shiba Inu to reach the $1 target naturally stirs questions about the feasibility of such a projection. Interestingly, in Shiba Inu’s historical record, something even more astonishing than a 7,627,665% rally has already occurred.
Celebrating Shiba Inu’s fourth birthday earlier this month, the project team boasted that $SHIB’s surge from its all-time low to its peak value amounts to a 150,000,000% growth.
Indeed, the earliest adopters of Shiba Inu, who held on until its peak, became immensely wealthy. The most widely cited case is of an investor who made over $5 billion from $SHIB with just an $8K investment.
Unlike him, many have shared stories of missed fortunes as they sold $SHIB much earlier before it peaked.
Meanwhile, a repeat of this history in the near future is highly doubtful, given the market cap implications. For instance, Shiba Inu would have a market cap of over $580 trillion should its price hit $1.
Prediction portals like Telegaon believe that $1 is possible for Shiba Inu, but only in about three decades’ time.
