thecryptobasic.com
Following Shiba Inu’s latest rally above the $0.000015 mark, there is rising optimism that $SHIB could reclaim its previous $ATH and bring in substantial gains for early investors.
The highly anticipated “Crypto Week,” which spanned July 14 – 18, ended on a positive note for the broader market. The week, which began with the U.S. House passing three important crypto bills, ended with Donald Trump signing the $GENIUS Stablecoin Act into law.
Shiba Inu Climbs Above $0.000015
Interestingly, these developments have driven up the prices of major cryptocurrencies, including Shiba Inu. Prior to the “Crypto Week,” the price of Shiba Inu hovered around the $0.000013 territory. However, Shiba Inu surged to a two-month high of $0.00001575 on July 18–the same day Trump signed the $GENIUS Act.
Recall that Shiba Inu reached a peak price of $0.00008845 on October 28, 2021. It achieved the feat following a remarkable run that removed six leading zeros from its price. The canine-themed token has dropped 82.93% from its previous all-time high.
Worth of 700 Million $SHIB If Shiba Inu Reclaims $ATH
However, there is growing confidence that Shiba Inu will reclaim its previous $ATH soon. In light of this, we explored how much 700 million $SHIB tokens acquired at the current price would be worth if Shiba Inu were to reclaim $0.00008845 – its prior peak.
At press time, Shiba Inu was trading at $0.00001509, representing a double-digit increase of 12.67% in the past seven days. Its price has also grown 29.42% over the past month. Based on Shiba Inu’s current price of $0.00001509, 700 million $SHIB tokens cost $10,563.
The value of these 700 million tokens will spike to $61,915, assuming Shiba Inu reclaims its $ATH and hits a unit price of $0.00008845. This represents an ROI of more than $51,000.
Potential Timeline for $SHIB to Revisit $ATH
Although optimism is rising that Shiba Inu could reclaim its previous all-time high, the timing remains uncertain. However, there is a growing consensus that Shiba Inu will set a new all-time high target of at least $0.0001, surpassing the previous $0.00008845 by 13.05%. Proponents of this forecast believe that Shiba Inu will surpass $0.00008845 and eventually climb above $0.0001 this year.
Experts with these projections include Eunice Wong, a prominent market chartist who set Shiba Inu’s 2025 maximum target at $0.000125. Additionally, Forbes suggested last year that Shiba Inu will also surge beyond $0.00008845 by 2025, projecting a price range of $0.0001 – $0.0003 for $SHIB.
However, Changelly, a crypto trading platform, sees $SHIB reclaiming its previous $ATH four years later, precisely in March 2029. Changelly’s forecast emphasizes the need for caution as Shiba Inu is not guaranteed to reclaim its $ATH anytime soon.