thecryptobasic.com
Shiba Inu could reach the 0.1 cent price target in less than a decade if it maintained a consistent annual price growth of 100%.
Shiba Inu (SHIB) has struggled in recent months due to a broader market downturn. Despite a five-day winning streak that pushed its price to $0.00001567 on March 26, the meme coin remains more than 27% down from its February high.
The $0.001 Price Target
After hitting the resistance at $0.00001567, SHIB lost momentum and dropped back to $0.00001379, signaling continued weakness. The meme coin has slumped by nearly 4% since the close of March 26.
However, despite these setbacks, many investors believe a recovery is inevitable. While some expect SHIB to surge in the coming months, others argue that its long-term growth will take years, especially if the goal is to reach $0.001. This target has taken center stage in the community, with one analyst LuckSide projecting it last year.
Nonetheless, how long it will take SHIB to claim it remains to be seen. Notably, Shiba Inu recorded a 104% gain in 2024, despite experiencing volatility throughout the year. If this trend continues and SHIB sustains a 100% annual growth rate, we can estimate when it might reach $0.001.
How Long It Will Take to Hit $0.001 if Shiba Inu Rises 100% Each Year
At this pace, SHIB’s price would double each year. By March 2026, the price would be around $0.00002758. Another year of similar growth would bring it to $0.00005516 by March 2027.
As this pattern continues, SHIB would trade at about $0.00011032 by March 2028, before climbing to $0.00022064 in March 2029. By the start of 2030, the price would rise to about $0.00044128, and a year later, it would reach roughly $0.00088256.
Following this trajectory, Shiba Inu would surpass the long-awaited $0.001 mark in mid-to-late 2031. This is approximately 6 years from now, representing the conclusions of two market cycles.
Although these projections rely on a steady growth rate, SHIB’s path will depend on sentiment, adoption, token burns, and broader market conditions. While reaching $0.001 by 2031 is mathematically possible if the current growth rate holds, the crypto market remains unpredictable.
Interestingly, analysts at exchange platform Changelly hold a less bullish stance. They believe Shiba Inu will only trade at a maximum price of $0.000238 by the end of 2031. To them, the meme coin will not see the $0.001 price until 2040, when they expect a rally to $0.00144 by January of that year.
Last September, market analyst Krao discussed Shiba Inu’s potential path to the $0.001 mark, citing a descending trendline that had persisted since October 2021 on the monthly chart. While he predicted a breakout to occur in Q1 this year, he failed to present any targeted timeline for the run to $0.001.