Crypto industry experts are confident that Shiba Inu would eliminate a zero from its price and hit a target of $0.0001971 in the next few years.
Shiba Inu has been struggling to stage another major rally like it did in March 2024, when its price soared to a multi-year peak of $0.000045. Since then, SHIB has slumped by over 76% to $0.00001080.
Meanwhile, SHIB participated in the relief rally led by Bitcoin this week, with its price soaring to a multi-week high of $0.00001384 per token. However, this rally was short-lived as the bears took charge to prevent further surges.
26 Panelists Envision SHIB Hitting $0.0001971 By 2030
Despite this, investors continue to rely on bullish predictions from top industry experts to keep believing in SHIB’s prospects. One of such predictions came from a group of 26 crypto specialists polled by Finder. They projected that SHIB could rise to $0.0001971 by the end of 2030, approximately five years from now.
This represents a surge of 1,389% from the current price of $0.00001323 and 122% from SHIB’s all-time high of $0.00008845, registered in October 2021.
The significance of this monumental surge cannot be overstated, with early investors expected to benefit from it. For instance, an investment of $2,000 in SHIB today would rise to $29,795 if SHIB clinches the $0.0001971 target by 2030. This represents an ROI of over $27,000.
Other Experts Set Different Timeline
Meanwhile, other crypto analysts have set different timelines regarding when SHIB will rise to the $0.0001971 mark. For instance, analysts at Changelly project that the $0.00001971 target will materialize by May 2031, six years from now. These experts believe that SHIB will reach a maximum target of $0.000199 by then.
Interestingly, popular prediction platform Telegaon speculates that SHIB will clinch the $0.0001971 target sooner. According to Telegaon, SHIB will surpass the target by 2027, two years from now.
Meanwhile, the Shiba Inu ecosystem team also believes SHIB is capable of rising by 1,000% within three days. Based on our analysis at the time, a 1,000% surge would take SHIB’s price to around the $0.00019 territory.
Further, renowned AI chatbot ChatGPT predicted that SHIB would trade around the $0.00019 mark after the 2028 Bitcoin Halving. ChatGPT expects that the 2028 Bitcoin Halving event, which is usually accompanied by a bull run, would drive SHIB’s price to a bullish target of $0.0001954.
Can SHIB Rise to $0.0001971?
If SHIB soars to $0.0001971, its market cap would also increase to $116.14 billion, assuming Shiba Inu’s circulating supply remains unchanged. However, these crypto experts’ opinions do not guarantee that SHIB will achieve the milestone within the next few years.
Despite the uncertainty, several factors can support SHIB’s potential increase to the $0.0001971 target. They include massive adoption among retail and institutional clients, drastic reduction of SHIB’s supply via burns, and major technological advancements that would enhance the token’s real-world use case.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
