Following Shiba Inu recent gains, top entities like ChatGPT and Grok have projected when SHIB could hit loftier targets like $0.0023 or $0.047.
It has been nearly four years since Shiba Inu recorded one of the biggest rallies in crypto history. The rally, which occurred in the 2020/2021 cycle, saw the price of Shiba Inu spike over 150 million percent to $0.00008845.
While Shiba Inu’s price has retraced heavily from that peak, several proponents remained optimistic about SHIB’s prospects. Referencing its 2021 performance, some experts argue SHIB might someday stage a rally to ambitious targets like $0.0023 and $0.047.
This anticipation has gained momentum within the Shiba Inu community. At the time of writing, SHIB is trading at $0.00001539, representing a daily increase of 4.2%. The token’s price has also jumped by 2.3% in the past seven days and 12.31% in the past 30 days.
It boasts a market cap of $9.06 billion, making it the 16th biggest cryptocurrency on CoinMarketCap.
Shiba Inu Road to $0.0023 or $0.047
Given Shiba Inu’s current price, the targets of $0.0023 or $0.047 are highly ambitious. To hit these lofty targets, the price of Shiba Inu must spike by 14,844% and 305,293%, respectively.
If SHIB eventually hits the $0.0023 or $0.047 targets, its market cap would soar to $1.35 trillion or $27.69 trillion, respectively. Reaching any of those targets could translate to life-changing gains for early investors.
For instance, an investor with a holding of 10 million SHIB worth $153.9 could see their investment rise to $23,000 if the price hits $0.0023. At $0.047, the value of these 10 million SHIB tokens would rise to $470,000.
Timeline for SHIB Surge to $0.0023 or $0.047
Despite the massive growth rate required for these predictions, AI chatbots like Grok and ChatGPT suggest SHIB can achieve the targets. While they set different timelines, each specified under what conditions SHIB could climb to the $0.0023 and $0.047 targets.
ChatGPT’s Timeline
The leading AI chatbot issued three timelines for Shiba Inu’s potential surge to the $0.0023 target. According to ChatGPT, Shiba Inu might clinch the $0.0023 target between 2032 and 2035. Under this scenario, ChatGPT assumes that the price of Shiba Inu will grow steadily with the broader crypto market.
For its aggressive forecast, ChatGPT projects that the $0.0023 prediction would materialize by 2028 – 2030, driven by factors such as a bull market, massive SHIB burn, and the token’s widespread adoption.
Further, ChatGPT forecasts that SHIB will unlikely hit the $0.0023 target before 2040 in a bearish market scenario.
Meanwhile, ChatGPT hinged the timeline for SHIB’s potential surge to $0.047 on token burns. It suggested that 90% – 95% of Shiba Inu’s supply must be incinerated for SHIB to stand a chance of hitting the $0.047 mark.
If this happens, ChatGPT estimates that SHIB’s supply would decrease to 58 trillion tokens or less from the current value of over 589 trillion tokens. Accordingly, this scenario envisions SHIB’s price climbing to the $0.047 mark between 2035 and 2045. However, the chatbot thinks it is practically impossible for Shiba Inu to clinch the $0.047 target without heavy burns.
Grok Forecast
Meanwhile, X’s chatbot Grok also provided insights into when Shiba Inu would reach the $0.0023 or $0.047 targets. It structured the predicted timeline for each target under high-growth, moderate-growth, and realistic ranges.
The chatbot sets a timeline of 7 – 13 years, specifically by 2032 – 2038, as the realistic range for SHIB’s potential surge to the $0.0023 mark. However, it emphasized that this realistic range depends on the market conditions. A favorable market condition would see SHIB clinch the $0.0023 target sooner, and vice versa.
For the $0.0023 target to materialize under a moderate scenario, Grok speculated that SHIB must record an annual surge of 50%, potentially hitting $0.0023 by 2038.
Notably, Grok estimates that Shiba Inu will climb to the $0.0023 target by 2032, around seven years from now. In this high-growth scenario, Grok assumes that the price of SHIB will grow by 100% annually starting this year.
On the other hand, it set a timeline of 12 to 23 years for Shiba Inu’s potential surge to $0.047. Despite this, it emphasized that Shiba Inu is unlikely to soar to the $0.047 target without extraordinary circumstances like massive token burns.
Notably, Grok predicted that SHIB could hit $0.047 by 2048 if its price grows 50% annually, starting from this year. It expects Shiba Inu to achieve the milestone sooner, specifically by 2037, if its price grows 100% annually over the next 12 years.
Other Predicted Timelines for Shiba Inu’s Surge to $0.0023 or $0.047
According to Changelly experts, the $0.0023 target will come to fruition by February 2040, while the $0.047 prediction will unlikely happen before 2050. Popular prediction platform Telegaon forecasts that Shiba Inu will clinch both targets between 2036 and 2039.
It is worth mentioning that this analysis is for informational purposes and does not guarantee that SHIB will clinch the $0.0023 or $0.047 targets within the projected timelines. Investors must conduct due diligence before committing to crypto assets like Shiba Inu.
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.
