thecryptobasic.com
Crypto exchange CoinW stirred excitement within the Shiba Inu community by proposing a bold prediction that $SHIB could rally by 4,166,567% to reach $1.
This suggestion came in a post on X (formerly Twitter), where CoinW conducted a poll comparing various ambitious milestones in the crypto market.
Specifically, participants were asked to vote on which target could be achieved first: Ethereum hitting $10,000, Shiba Inu surging to $1, BNB reaching $1,000, or Dogecoin attaining $1.
Other options in the poll included price milestones for popular cryptocurrencies like Solana (SOL), Cardano (ADA), XRP, and Avalanche (AVAX). Among these predictions, Shiba Inu’s potential rise to $1 stands out as the most daring, considering the magnitude of the increase required to attain the target.
Currently, Shiba Inu trades at $0.00002400. Accordingly, achieving $1 would require the token to erase all its decimal places and increase in value by 4,166,567%. For perspective, a $100 investment in $SHIB at its current price could theoretically yield $4.2 million if this prediction were to come true.
Interestingly, the poll by CoinW also asked if this monumental achievement could occur before Bitcoin hits $100,000 or Ethereum reaches $10,000. However, Bitcoin has already surpassed this milestone. Meanwhile, Ethereum would need to climb by only 173% from $3,650 to hit its $10,000 target.
Is a 4,166,567% Surge Possible for Shiba Inu?
Skepticism about Shiba Inu reaching $1 is understandable, but history provides an intriguing precedent. Shiba Inu has already demonstrated remarkable growth, rising by 150,000,000% from its all-time low to its peak. This meteoric surge created life-changing wealth for early adopters, with one investor famously turning an $8,000 investment into over $5.7 billion.
Despite such historic gains, replicating this performance in the near future seems improbable due to market cap implications. If $SHIB were to hit $1, its market capitalization would exceed $589 trillion, far surpassing the entire global economy.
Meanwhile, platforms like Telegaon suggest that Shiba Inu could reach $1, but only after several decades of gradual growth and adoption. Specifically, Telegaon argued that $1 is attainable for $SHIB by 2050.
Overall, CoinW’s bold prediction reignited conversations about the limitless possibilities in cryptocurrency, even if the odds remain stacked against such extraordinary outcomes. Whether or not $SHIB reaches $1, its community continues to dream big.