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Crypto industry experts are confident that Shiba Inu would eliminate a zero from its price and hit a target of $0.0001971 in the next few years.
Shiba Inu has been struggling to stage another major rally like it did in March 2024, when its price soared to a multi-year peak of $0.000045. Since then, $SHIB has slumped by over 76% to $0.00001080.
Meanwhile, $SHIB participated in the relief rally led by Bitcoin this week, with its price soaring to a multi-week high of $0.00001384 per token. However, this rally was short-lived as the bears took charge to prevent further surges.
26 Panelists Envision $SHIB Hitting $0.0001971 By 2030
Despite this, investors continue to rely on bullish predictions from top industry experts to keep believing in $SHIB’s prospects. One of such predictions came from a group of 26 crypto specialists polled by Finder. They projected that $SHIB could rise to $0.0001971 by the end of 2030, approximately five years from now.
This represents a surge of 1,389% from the current price of $0.00001323 and 122% from $SHIB’s all-time high of $0.00008845, registered in October 2021.
The significance of this monumental surge cannot be overstated, with early investors expected to benefit from it. For instance, an investment of $2,000 in $SHIB today would rise to $29,795 if $SHIB clinches the $0.0001971 target by 2030. This represents an ROI of over $27,000.
Other Experts Set Different Timeline
Meanwhile, other crypto analysts have set different timelines regarding when $SHIB will rise to the $0.0001971 mark. For instance, analysts at Changelly project that the $0.00001971 target will materialize by May 2031, six years from now. These experts believe that $SHIB will reach a maximum target of $0.000199 by then.
Interestingly, popular prediction platform Telegaon speculates that $SHIB will clinch the $0.0001971 target sooner. According to Telegaon, $SHIB will surpass the target by 2027, two years from now.
Meanwhile, the Shiba Inu ecosystem team also believes $SHIB is capable of rising by 1,000% within three days. Based on our analysis at the time, a 1,000% surge would take $SHIB’s price to around the $0.00019 territory.
Further, renowned AI chatbot ChatGPT predicted that $SHIB would trade around the $0.00019 mark after the 2028 Bitcoin Halving. ChatGPT expects that the 2028 Bitcoin Halving event, which is usually accompanied by a bull run, would drive $SHIB’s price to a bullish target of $0.0001954.
Can $SHIB Rise to $0.0001971?
If $SHIB soars to $0.0001971, its market cap would also increase to $116.14 billion, assuming Shiba Inu’s circulating supply remains unchanged. However, these crypto experts’ opinions do not guarantee that $SHIB will achieve the milestone within the next few years.
Despite the uncertainty, several factors can support $SHIB’s potential increase to the $0.0001971 target. They include massive adoption among retail and institutional clients, drastic reduction of $SHIB’s supply via burns, and major technological advancements that would enhance the token’s real-world use case.