The dream of 1 cent is still alive, with most investors wanting Shiba Inu to achieve this milestone. The token has 1.4 million holders worldwide, and new investors are joining the trend every year. Shiba Inu remains one of the most popular cryptocurrencies on the market, as it is available for purchase for less than 1 cent. The affordability is driving investors to buy the token as it is a low-cost fruit that can be easily grabbed.
SHIB deleted six “zeroes” between 2020 and 2021, rising 45,000,000% (45 million percent) annually. However, its price is now stuck at four zeroes, unable to delete a single one in the past three years. Its price point has remained unchanged and it has been unable to break its all-time high of $0.00008616. It reached its all-time high in October 2021 and surged 1000% in the same month, becoming the best performing cryptocurrency of the year.
Shiba Inu: Investors Will Grow Waiting for Shiba Inu to Reach 0.01Source: Freepik.com
Shiba Inu is currently trading at $0.00002 and has been struggling to erase zero in the past three years. No price forecasting firm has predicted that Shiba Inu will reach $0.01 in the next two or three decades. According to estimates, the maximum it could reach is $0.0001 or $0.001 in the coming years and decades.
Read also: Shiba Inu: SHIB, which was worth just $2.5, is now worth $1 million
Therefore, the chances of current investors aging out hoping for SHIB to reach $0.01 are higher than the token actually reaching that level. Leading on-chain metrics and price predictions firm CoinCodex has predicted that SHIB will reach a maximum of $0.001 in 2050.
This represents a return on investment (ROI) of around 4400% from its current price of $0.00002. In conclusion, a $1000 investment could turn into $45,000 if the predictions turn out to be accurate. SHIB’s $0.01 millionaire dreams may not come true.
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