CoinJia News Report:
Following Shiba Inu’s daily surge of 13.25%, we emphasize when SHIB might shed a decimal to reach the lowest level of $0.0001.
Shiba Inu had an impressive rally in the past 24 hours, pushing the dog-themed token up by 13.25% to $0.00001507.
The Road to $0.0001
With Shiba Inu gaining popularity, investors hope for a substantial rise to eliminate one of the four zeros after the decimal point, setting the minimum SHIB price at $0.0001. Achieving this target would require a staggering 563.57% increase from current levels.
Shiba Inu has never traded with three zeros after the decimal since its inception. The closest SHIB came to achieving this feat was in October 2021 when its price surged to a record high of $0.00008845. At that price, SHIB still falls short of the $0.0001 target by 11.55%.
Nevertheless, recent price surges for Shiba Inu have sparked optimism about the potential for reducing the zero points. Hence, we underscore the potential timeline for SHIB trading at $0.0001, effectively eliminating zeros after the decimal.
Timeline for Zero Elimination
Analysts at Coipedia estimate that Shiba Inu could remove another zero around 2028, approximately four years from now. They project SHIB’s price by then to range between $0.0001066 and $0.0001253, with an average target of $0.00011596.
Notably, Coipedia’s forecast aligns with similar targets from other prediction platforms. Particularly, analysts at Changelly anticipate SHIB reaching $0.0001 by 2027, three years from now. Similarly, the popular AI chatbot Google Bard (now Gemini) predicts SHIB could hit the target in the same year.
To achieve any of these predictions, Shiba Inu must rise by at least 563.57% from its current price to reach the $0.0001 target.
While achieving the target may pose challenges, several factors, including serious burns, could play a crucial role in eliminating one zero after the decimal.