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Renowned crypto analyst Luis Delgado (popularly referred to as Del Crxpto) explains why he believes Shiba Inu might surge to $0.01.
The one-cent dream remains one of the greatest aspirations for many Shiba Inu investors. Since the forecast was first issued years back, several community members have been deliberating on whether Shiba Inu would ever hit the target in its lifetime.
Delgado Explains Why SHIB Can Reach $0.01
Most analysts are skeptical about the possibility of SHIB’s price surging to $0.01, as they constantly refer to the prediction as unrealistic. However, prominent crypto analyst Luis Delgado (a.k.a. Del Crxpto) thinks otherwise.
Responding to critics who think the $0.01 target is unrealistic, the analyst asserted that he has seen the impossible happen in crypto on several occasions. This suggests that Delgado has experienced unexpected price surges or events that have become a reality within the crypto market.
The $0.01 prediction for Shiba Inu remains one of the most ambitious targets the token has received since its inception. Clinching this target would see Shiba Inu eliminate two zeros from its price.
For Shiba Inu to reach $0.01, the token must surge 37,311% from its current price of $0.00002673. The target would also push Shiba Inu’s market cap to a whopping $5.91 trillion, eventually making SHIB the world’s largest cryptocurrency.
At $0.01, a holding of 10 million SHIB tokens, currently valued at $267.3, would be worth $100,000.
Shiba Inu to $0.01 Prediction
Even though Shiba Inu requires a hefty surge to bring the one-cent dream to fruition, several stakeholders are optimistic about its prospect.
This is not the first time Delgado thinks the $0.01 target is attainable for Shiba Inu. He expressed optimism about the forecast in July, referencing Dogecoin’s historical price rally as a precedent.
Last month, Shiba Inu’s marketing specialist Lucie also expressed her confidence in the prediction, indicating that SHIB would clinch the $0.01 target in its lifetime.
In March, when Shiba Inu surged to $0.000045, two Bitcoin enthusiasts forecasted that SHIB would hit the $0.01 target someday.
Interestingly, some experts have demonstrated strong confidence in the prediction by setting specific timelines for the forecast to play out. For instance, Jason Williams and Yazan project that the price of Shiba Inu would soar beyond $0.01 to $0.05 this cycle.
Additionally, analysts at Changelly speculate that Shiba Inu would trade at $0.01 between 2033 and 2040.
While the $0.01 target requires the price of SHIB to surge tremendously, Shiba Inu has shown its capacity for recording huge rallies. This was observed in the 2020/2021 bull run when SHIB rallied from $0.000000000056 to $0.00008845 in 14 months.