If Shiba Inu Gains 30% or 50% Yearly, How Long Before Breaking $0.01?

Shiba Inu investors’ aim for $0.01 may take a few decades to materialize with a 30% and 50% annual growth pattern.

Recently, Shiba Inu experienced a significant double-digit surge amid the broader market crypto relief rally. Shiba Inu has faced challenging periods in the past few months, losing its position on the ranking of the most prominent cryptocurrencies. 

However, the digital asset now shows signs of a turnaround. Currently, Shiba Inu trades at approximately $0.000007812, with a cumulative seven-day growth of over 11%. With its 24-hour volume above $124 million, Shiba Inu could be eyeing to eliminate its fifth decimal point to reach $0.00001.

Nonetheless, Shiba Inu investors have set their sights higher. They hope to witness the complete elimination of the leading zeros to achieve a milestone such as the $0.01. This dream of reaching one cent per SHIB token has been a driving force for investors who aspire to achieve millionaire status when Shiba Inu hits the $0.01 mark.

However, achieving the one-cent dream may remain elusive in this century unless Shiba Inu experiences sustained annual growth. For example, there is a glimmer of hope for the dream in a scenario where Shiba Inu maintains a 30% increase annually. 

The Mathematics for 30% and 50% Annual Growth

Mathematically, an exponential growth equation may be used to find out how long it will take Shiba Inu from $0.000007812 to reach $0.01 with a 30% annual increase. For brevity, The Crypto Basic has outlined the formula and parts of the valuation steps in the image below.

Ultimately, it will take approximately 39 years for Shiba Inu at $0.000007812 to reach $0.01 with a 30% annual increase. That is precisely 2062, which appears far into the future. Besides, a renowned prediction firm has argued Shiba Inu would break $1 by 2050.

Meanwhile, Shiba Inu could hit the one-cent dream much quicker if the digital asset appreciates by 50% year-over-year. Using the same mathematical formula, Shiba Inu is poised to reach $0.01 in about 16 years with a 50% yearly growth. However, according to CoinMarketCap data, Shiba Inu’s year-to-date growth is negative 27%.

In sum, the dream of Shiba Inu to break one cent may remain elusive given its overwhelming circulating supply exceeding 500 trillion. However, the Shiba Inu team continuously makes efforts to speed up the SHIB  token burn process to shoot its price potentially.