Shiba Inu (SHIB) has been a breakout star in the cryptocurrency world, leaving a trail of eliminated zeros in its wake since its debut in August 2020. Let’s dive into SHIB’s impressive journey and explore expert predictions for its future potential.
Five Zeros Down, More to Go?
Market analyst Yescas declared SHIB’s triumph in eliminating five decimal zeros. From its initial price of $0.000000000972, SHIB began shedding zeros throughout 2021, reaching a peak of $0.00008845 in October, boasting only four zeros after the decimal point.
Future Zero Deletion: A Realistic Possibility?
Despite current trading with four zeros, experts project SHIB could eliminate one or even two more zeros in the coming years. This translates to potential price points of $0.0001 (one zero deleted) or a more ambitious $0.001 (two zeros deleted).
Eliminating one zero would represent a significant 559% increase from SHIB’s current price of $0.00001517. Several entities back this possibility, including crypto platform Changelly and AI assistant Gemini (formerly Google Bard), both predicting this milestone by 2027. Market analyst Sam TCR also anticipates a substantial rebound towards $0.0001, although without a specific timeframe.
Also Read: Whale Hunt: 583 Billion Shiba Inu Bought As Price Crashes 45% – Can SHIB Make a Comeback?
The $0.001 Target: A 6,491% Climb
Reaching $0.001 demands a more substantial surge – a staggering 6,491% from the current price. While ambitious, prominent figures like Armando Pantoja believe SHIB can achieve this within the 2024/2025 market cycle. Recent projections have even projected a December 2024 target if the price doubles every month, although based on a higher starting price than current levels.
The Road Ahead
Currently, SHIB is experiencing some short-term volatility, down over the past week and month. However, it remains positive on the daily charts. Only time will tell if SHIB can continue its zero-shedding journey, but these expert predictions offer intriguing possibilities for its future.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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