Decades In The Making: Crypto Exchange Predicts When Shiba Inu Price Will Reach $0.01

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Crypto exchange Changelly has predicted when the Shiba Inu pricecould delete three extra zeros and rally to as high as $0.01. Based on the prediction, the top meme coin is still over a decade away from achieving this milestone, even as it currently underperforms in this market cycle.   When The Shiba Inu Price Could Hit $0.01

Changelly predicted in a blog postthat the Shiba Inu price could reach $0.01 by September 2040. Specifically, they highlighted $0.0106 as the maximum price that SHIB could reach by then. Meanwhile, the crypto exchange projects that the meme coincould still reach $0.0139 by year-end 2040, highlighting that price level as the maximum for December 2040.  Related Reading Decades In The Making: Crypto Exchange Predicts When Shiba Inu Price Will Reach $0.01 6 hours ago

The crypto exchange also expects the Shiba Inu price to record further upside from that level, predicting that the meme coin could reach a maximum price of $0.0177 by year-end 2050. This marks a gain of 160809.1% from the meme coin’s current price level. The SHIB burnis one of the mechanisms the SHIB community has adopted to achieve the $0.01 target for the meme coin. 

The Shiba Inu burn trackerexplained that reducing the number of tokens in circulation could increase the Shiba Inu price over time. The platform added that the community’s goal is to raise the meme coin’s price to $0.01. According to the Shiba Inu burn tracker, SHIB’s circulating supplyneeds to be 224 trillion for it to get to this price target. 

Therefore, 61.98% of the meme coin’s circulating supply must be removed from circulation, representing 589.5 trillion tokens. SHIB currently has a circulating supply of 589.24 trillion, indicating there is still a long way to go before the meme coin reaches its 224 trillion target. However, the meme coin would also have to witness significant demand for these burns to have an impact on the Shiba Inu price.  A Recovery Is On The Cards For SHIB

Crypto analyst Javon Marks statedthat a more than 150% recovery move to $0.000032 is on the cards for the Shiba Inu price based on a bullish divergencethat has formed for the meme coin. This comes as SHIB continues to struggle, with the meme coin one of the top altcoins with a year-to-date (YTD) loss.  Source: Chart from Javon Marks on X

Crypto analyst SHIB Knight saidthat the first target for the Shiba Inu price as part of its recovery is $0.00001209, which is the former accumulation zone. The analyst noted that when the market turns positive, SHIB is often among the first to recover. He claimed that this is mainly because of the strength of the SHIB Army.  Related Reading Here’s Why Analysts Are Predicting A Massive Shiba Inu Price Rally In October 1 week ago

At the time of writing, the Shiba Inu price is trading at around $0.00001065, down in the last 24 hours, according to datafrom CoinMarketCap. SHIB trading at $0.000010 on the 1D chart | Source: USDT onTradingview.com Featured image from Adobe Stock, chart from Tradingview.com