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Amid ambitious Shiba Inu price predictions, some entities have provided hypothetical timelines for the dog-themed token to reach some of these audacious targets.
Shiba Inu has been the subject of multiple ambitious price projections amid its recent encouraging price movements. For context, SHIB has been one of the standout performers since the start of the bull run, up by more than 67% this year and 136% since Q4 2023.
Despite a bearish start to October 2024, SHIB managed to record a meager 1.88% gain at the close of the month, making it one of the few altcoins to achieve this feat. In addition to achievements like this, Shiba Inu’s historic run in the 2020/2021 cycle has contributed to prevalent ambitious targets.
A previous report suggested Shiba Inu could be targeting the $0.00009 price level. Meanwhile, in January this year, The Crypto Basic assessed if SHIB could create more millionaires should it rally to $0.0004. Also, six months back, discussions around a surge to $0.002 emerged.
Shiba Inu would need to rally by astronomical margins to claim some of these price levels. For instance, the $0.0004 goal would require a 2,193% increase, while SHIB needs to rally by a massive 11,367% to hit $0.002. However, the $0.00009 price only requires a 416% gain.
Given the rates necessary to reach these levels, we recently sought expert opinions on how long it could take Shiba Inu to clinch these price tags. These opinions came from analysts at crypto exchange Changelly and OpenAI’s LLM AI project ChatGPT.
Changelly Predicts Timelines for Shiba Inu to Hit $0.00009, $0.0004 and $0.002
Changelly analysts believe this new month of November would be bullish for Shiba Inu, expecting the dog-themed asset to trade at an average price of $0.0000294 and to hit a maximum value of $0.0000402. However, they argue that December 2024 would see lower values.
Meanwhile, these analysts see Shiba Inu trading below $0.00009 for the next few years. They only expect a rise to this region, potentially $0.0000915, in October 2028. This marks a period of four years.
In addition, the analysts believe Shiba Inu investors would need to wait for an extra four years before they can witness a 2,193% increase from the current price. They see SHIB reaching the $0.0004 zone in November 2032, eight years from now and four years from 2028.
Lastly, despite the audacious nature of the $0.002 target, the Changelly report suggests Shiba Inu is capable of claiming it. Analysts at the crypto exchange resource project a rally for SHIB to $0.002 in February 2040. This marks 16 years from now.
ChatGPT Predicts Timelines for Shiba Inu to Hit $0.00009, $0.0004 and $0.002
However, opinions from ChatGPT are more bullish for Shiba Inu. ChatGPT presented hypothetical scenarios where SHIB could reach $0.00009, $0.0004 and $0.002. The chatbot cited catalysts such as a rise in adoption, growing demand and favorable market conditions.
Highlighting these possible drivers, ChatGPT noted that Shiba Inu could reach $0.00009 within the next one to two years (2025 to 2026). It expects a rise to $0.0004 in four to five years (2028 to 2029) and a possible increase to $0.002 within eight to ten years (2032 to 2034).