If the price of Shiba Inu rises
With a slight 30% annual growth, it could reach its ambitious target of $0.001 within the next few years.
2025 was a volatile year for Shiba Inu, with the price down 46.5% since the beginning of the year. The token saw its largest decline in February, when its value dropped by 26.1%.
Mixed reactions regarding Shiba Inu's rise to $0.001
After Shiba Inu's poor performance this year, many have questioned the token's ability to reach this ambitious target of $0.001. However, the $0.001 forecast has gained significant popularity among the Shiba Inu community. Many market analysts indicate that this target is within Shiba Inu's reach.
In September 2024, market commentator Luck, Side Crypto highlighted factors such as strong whale activity and minimal resistance as potential catalysts that could drive the price to $0.001.
In the following month, after SHIB broke from the descending triangle chart pattern, chart expert Crypto Sheriff predicted that it is on its way to achieving three price targets, peaking at $0.001.
At the same time, an analysis conducted by The Crypto Basic identified two key factors, including the massive supply of the token, which may hinder SHIB from achieving the $0.001 target.
Can SHIB reach $0.001?
Shiba Inu is currently trading at $0.00001130, down slightly by 2.04% in the past 24 hours. To reach $0.001, SHIB will need a significant rise of approximately 8749% from its current price. This will result in the removal of two major zeros and achieving a new all-time high.
While the price target of $0.001 may seem overly ambitious, it is not entirely impossible for Shiba Inu to reach it, especially if it grows by 30% annually. However, it may take a long time for Shiba Inu to reach this target from its current level.
It is worth noting that The Crypto Basic explored the timeline in which Shiba Inu could reach $0.001, assuming its price grows by 30% annually starting in 2025. As mentioned earlier, Shiba Inu is currently down 46.5% since the beginning of the year. However, there is still a chance for recovery, especially by October, which has an average historical growth rate of 213%.
The timeline for Shiba Inu's price rise to $0.001 if it grows by 30% annually
If the price of Shiba Inu grows by 30% annually, it will rise to about $0.00001469 by July 2026. Assuming this growth rate continues, Shiba Inu could reach $0.00002482 by 2028.
If maintaining a 30% annual growth rate until 2030, Shiba Inu's price will reach approximately $0.000042. By 2034, it will surpass the psychological barrier of $0.0001, reaching about $0.0001199.
This continuous annual growth rate of 30% will push the price of Shiba Inu to approximately $0.000579 by 2040, rising further to about $0.000978 by July 2042. Notably, it is expected that the price of Shiba Inu will reach its ambitious target of $0.001 by August 2042, which is 17 years and one month from today.
Other experts' timelines for Shiba Inu reaching $0.001
At the same time, experts at Changelly expect Shiba Inu to reach $0.001 sooner. According to Changelly's forecasts, this price could be achieved between 2035 and 2039. However, Telegram indicated that the price of Shiba Inu could reach $0.001 by 2035.