Can Shiba Inu (SHIB) Reach $0.01 Before 2050?

The 1-Cent dream is alive and kicking, with most investors wanting the token to breach the $0.01 mark. However, the markets don’t run on wishes and prayers but on technical indicators and macroeconomic factors. One can wish for SHIB to hit $0.01 all their lives, but the market is king and decides its moves accordingly.

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Current Market Trends

Since SHIB has been moving backward for three months, the $0.01 benchmark is slowly drifting away. All technical pointers indicate that Shiba Inu might never climb above $0.01 by the end of this decade in 2030. That leaves us with the next few decades and a long-term horizon of 2050, 26 years from today.

Also Read: Shiba Inu: AI Predicts SHIB Price For August 20, 2024

Shiba Inu: Will SHIB Hit $0.01 By 2050?

Price Predictions

Leading on-chain metrics and price prediction firm CoinCodex revised its update for Shiba Inu and touched the timeline of 2050. According to the price prediction, the maximum high SHIB could reach before 2050 is $ 0.001003. That’s one zero from hitting the 1-Cent mark and another 900% left to climb in the charts.

Also Read: Shiba Inu: SHIB’s Price Reaction to Major Burn Announcement

Required Growth

“Shiba Inu would need to gain 74,342.37% to reach $0.01. According to our prediction algorithm, the price of SHIB will not reach $0.01,” by 2050, forecasted the firm. “The highest expected price our algorithm estimates is $0.001003 by January 1, 2049,” read the prediction.

In conclusion, Shiba Inu might not reach $0.01 even in 2050, and it could take many more years to get there. The long wait could test investors’ patience, and not every trader might hold on for three decades.

There’s a limit on long-term holdings, as life, as usual, demands money for other expenses and lifestyle changes. SHIB could cross $0.01 sooner than 2050 only if more than 90% of its circulating supply is burned and sent to the dead wallet.