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While notable entities like ChatGPT and Telegaon agree that Shiba Inu could take several years to attain $0.003 or $0.07, they disagree on the $0.5 outlook.
Shiba Inu has erased a leading zero in the ongoing bull market, maintaining a floor price in the $0.00002 range. However, it has been three months since SHIB achieved its latest milestone, and enthusiasts are eager for further progress.
Amid this optimism, prominent entities, including AI chatbots like ChatGPT, have speculated when Shiba Inu might trade with fewer zeros. This analysis focuses on projections for SHIB reaching $0.003, $0.07, and $0.5.
Shiba Inu Attaining Hit $0.003, $0.07, and $0.5
At its current market price of $0.00002328, Shiba Inu would need to increase by 12,786% to reach $0.003. Similarly, to achieve the price points of $0.07 and $0.5, Shiba Inu would require even more extraordinary surges of 300,587% and 2,147,666%, respectively.
Timelines for Shiba Inu to Hit $0.003
Given the magnitude of these potential increases, ChatGPT acknowledged that predictions about SHIB reaching $0.003, $0.07, or $0.5 are highly speculative. Before making predictions on potential timelines, it considered various factors that could impact SHIB’s price trajectory.
These factors included overall market trends, the coin’s adoption and practical uses, and the frequency and volume of token burns.
Regarding the target price of $0.003 for Shiba Inu, ChatGPT suggested that achieving this level could take a number of years. It noted that this target would become a reality if SHIB continues to gain substantial adoption and if market sentiment remains strongly positive.
While ChatGPT did not commit to a specific date for Shiba Inu to reach the $0.003 milestone, the prediction platform Telegaon has put forward the year 2035 as a possible timeline.
Similarly, the crypto exchange Changelly projected an average price of $0.00317 for Shiba Inu by February 2040.
Timelines for SHIB to Hit $0.07
However, ChatGPT emphasized that the $0.07 target is an extremely ambitious goal that demands unprecedented levels of adoption, utility, and market cap.
Accordingly, it suggested that reaching $0.07 could take a decade or more, depending on the crypto market’s overall growth and SHIB’s specific developments.
On the other hand, Telegaon suggested a nearly two-decade timeline for Shiba Inu to reach $0.07. Meanwhile, Changelly analysts offered no timeline for this target. They likely deemed $0.07 unattainable, as their maximum projected price for SHIB is $0.033 by 2050.
The Case for SHIB at $0.5
ChatGPT expressed that the prospect of Shiba Inu reaching $0.5 per token is extremely speculative and improbable. Specifically, the AI bot observed that SHIB would become one of the world’s most valuable assets at such a price point, eclipsing many established financial instruments in market cap.
This results from the calculation that at a price of $0.5, Shiba Inu’s market cap would soar above $293 trillion. This estimation assumes a scenario where Shiba Inu’s circulating supply does not change.
As a result, ChatGPT stressed that a $0.5 valuation for Shiba Inu is not grounded in the realities of the current market environment. Telegaon, however, disagreed with this view, suggesting a minimum price of $0.62 for SHIB by 2050 and a maximum of $1.06.