Against the backdrop of ambitious price forecasts for Shiba Inu, some organizations provided hypothetical timelines for the dog-themed token to achieve some of these bold goals.
Shiba Inu has become the subject of many ambitious price forecasts amid recent encouraging price movements. For reference, $SHIB
became one of the outstanding performers since the beginning of the bull market, increasing by more than 67% this year and by 136% since Q4 2023.
Despite the bearish start of October 2024, #SHIB managed to record a modest gain of 1.88% by the end of the month, making it one of the few altcoins to achieve this result. In addition to such achievements, the historical growth of Shiba Inu during the 2020/2021 cycle contributed to the spread of ambitious goals.
The previous report suggested that Shiba Inu could aim for a price level of $0.00009. Meanwhile, in January of this year, The Crypto Basic evaluated whether SHIB could create more millionaires if it rises to $0.0004. Also, discussions about a rise to $0.002 emerged six months ago.
Shiba Inu will need to grow at astronomical rates to reach some of these price levels. For example, a target of $0.0004 will require an increase of 2,193%, while SHIB needs to grow by a massive 11,367% to reach $0.002. However, a price of $0.00009 requires only a 416% increase.
Considering the necessary rates to reach these levels, we recently sought expert opinions on how long it might take Shiba Inu to reach these price marks. These opinions came from crypto analysts #exchange Changelly and the AI project OpenAI LLM ChatGPT.