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Jakarta, Pintu News – Although many analysts doubt that Shiba Inu (SHIB) will reach a price of $0.01 or $1, a minority of them still believe that the target can be achieved.
Despite Shiba Inu’s less-than-impressive performance, some market observers still believe that the token is still likely to experience a huge surge that will shock the crypto market as a whole.
This belief stems from the Shiba Inu’s success in stealing the show during the 2020/2021 bull market, which led to a price increase of over 150,000,000%.
Almost four years have passed since that epic rally, but community sentiment and analysts’ predictions still envision that SHIB has the potential to reach ambitious targets in the future, such as $0.01 or even $1.
The $0.01 price prediction has become dominant among the Shiba Inu community, with fans referring to it as the “one-centdream”.
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To reach the $0.01 target, the price of Shiba Inu would need to jump by approximately 87,773% from its current level of $0.00001138. If Shiba Inu’s supply remains at 589.25 trillion tokens and its price rises to $0.01, the token’s market cap will jump to $5.89 trillion.
While it would take massive growth for this prediction to become a reality, some market observers still believe that the one-cent dream is still achievable.
Earlier this month, Luis Delgado speculated that Shytoshi Kusama, lead developer of Shiba Inu, had prepared initiatives that could potentially push the price of SHIB to $0.01.
In a previous report, Delgado also predicted that SHIB would reach the $0.01 target in its life cycle, while emphasizing that anything is possible in the cryptocurrency market.
He even mentioned that SHIB is designed to trade close to that price level.
In addition to Delgado, Shiba Inu’s head of marketing, Lucie, also stated that a price of $0.01 is a realistic target for SHIB. However, while Lucie believes this target is achievable, she emphasized that it will take time to realize this prediction.
While market watchers are still debating whether Shiba Inu can reach $0.01, some community members are aiming for a more ambitious target: $1. This means SHIB would have to jump about 8,787,246% from its current price of $0.00001138.
If that price is reached, Shiba Inu’s market cap will surpass $589 trillion, due to the massive amount of token supply.
It should be noted that this $1 price prediction is much less popular than the $0.01 projection.
As previously reported, Lucie shared ChatGPT ‘s view on the potential for Shiba Inu prices to spike to $1, stating that the scenario is still within the realm of possibility.
In particular, Delgado suggested that the focus of market watchers will shift to the $1 target once Shiba Inu manages to reach the $0.01 price.
In addition, popular cryptocurrency exchange CoinW also speculated that Shiba Inu could soar to the $1 mark. This positive prediction was delivered through a poll, which also included other projections such as Bitcoin (BTC) reaching $100,000 and Cardano (ADA) soaring to $5.
Interestingly, ChatGPT emphasized that the potential increase in the price of a Shiba Inu to $1 is not a joke, but a serious challenge.
According to him, achieving this ambitious target requires synergy from various factors such as a comprehensive market bull run, a massive tokenburns program, and widespread adoption of SHIB.
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However, TradingView analysts known as TradeCityPro called the $1 price prediction an unrealistic target.
He argues that if SHIB reaches $1, its valuation will soar to $589 trillion, surpassing the combined value of the largest financial instruments such as gold, Bitcoin, and silver.

While Lucie and Delgado consider $0.01 and $1 to be realistic targets, they did not specify when SHIB could reach these milestones.
Because of this, several parties such as Changelly and Telegaon were referenced to estimate when this prediction might materialize.

According to Changelly, Shiba Inu is expected to reach a price of $0.01 in September 2040-about 15 years from now.
However, the trading platform did not provide a time projection for the $1 price milestone, indicating their skepticism of the prediction.
Meanwhile, Telegaon also predicts that theone-cent dream will become a reality by 2040, even with a projected maximum SHIB price of $0.08 by the end of that year.

For the $1 target, Telegaon predicts that Shiba Inu will reach it by 2050. In fact, they expect SHIB to surpass the $1 price and break the ambitious $1.06 target by then.
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Despite optimistic predictions, it is still a big question mark whether Shiba Inu can actually reach a price of $0.01 or even $1.
Some experts believe that this target will only be a dream if there is no major reduction in the total token supply, which currently stands at 589.25 trillion.
As explained earlier, if supply remains stable, then at $0.01, Shiba Inu’s market cap would jump to $5.89 trillion-beyond the total valuation of the entire global crypto market today.
Meanwhile, if the price reaches $1, its market cap will reach $589 trillion, surpassing even the total global money supply of $129 trillion by the second quarter of 2024.
Therefore, prominent Bitcoin advocate Davinci Jeremie suggests that Shiba Inu will never reach its ambitious target-unless there is a massive tokenburn.
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