If Shiba Inu experiences steady growth of 2% per month, it will likely take several years before reaching the highly anticipated $0.01 target.
The ongoing relief rally across the broader crypto market has positively impacted Shiba Inu’s performance, resulting in a 5.23% spike in the past 24 hours. At press time, SHIB was trading at $0.0000124, representing a 3.31% growth in the past week.
The One-Cent Dream
Amid this rally, several community members are reflecting on some of the forecasts issued for the canine-themed token. In particular, the $0.01 target, popularly referred to as the one-cent dream, has taken center stage in recent discussions.
The $0.01 forecast has gained momentum since the 2020/2021 bull market. Recall that Shiba Inu, which launched with ten zeros after its decimal, eliminated five zeros during a massive rally that pushed its price to a peak of $0.00008845.
Since then, the community held ambitious beliefs that Shiba Inu could continue this rally in subsequent bull runs toward a lofty target of $0.01. This move would require the elimination of three additional zeros from Shiba Inu’s price.
Shiba Inu to $0.01 Forecast
Despite how challenging this may seem, several market commentators believe that $0.01 is a realistic price target for Shiba Inu.
Lucie, the marketing lead for the Shiba Inu ecosystem, suggested that SHIB will eventually reach the $0.01 target. However, she admitted that it may not happen anytime soon.
Popular community figure Luis Delgado also speculated that Shiba Inu lead developer Shytoshi Kusama has several initiatives lined up that could propel SHIB to the $0.01 target. Earlier this month, community commentator YourPOP teased that SHIB’s price will eventually soar to one cent.
When Will SHIB Hit $0.01 If It Grows 2% Monthly?
With Shiba Inu’s recent surge fueling speculation about reaching the $0.01 forecast, we calculated the timeline it would take to achieve this target, assuming a steady 2% price increase each month from today’s levels.
With SHIB trading at $0.0000124, a 2% spike this month would push Shiba Inu’s price to around $0.00001265. If Shiba Inu maintains a steady growth rate of 2% per month, its price is expected to soar to $0.00001396 by December 2025.
At a 2% monthly growth rate, Shiba Inu will eliminate the first leading zero from its price by March 2034, reaching a target of $0.0001. Assuming it sustains this 2% monthly growth rate, Shiba Inu would reach $0.001 by November 2043.
Notably, Shiba Inu will eventually reach the $0.01 price target by September 2053 if the 2% monthly growth persists. This is approximately 338 months or 28.2 years from today.
The timeline exceeds the forecasts issued by Changelly and Telegaon. While Changelly predicts that Shiba Inu will hit $0.01 by September 2033, Telegaon believes the forecast will play out between 2036 and 2039.
Only Path to $0.01?
Meanwhile, hitting the $0.01 target would require a jaw-dropping surge of 80,545% from the current price. If SHIB eventually reaches its target, its market cap will soar to $5.89 trillion, a feat many consider unrealistic.
A community member suggested that Shiba Inu requires substantial token burns to achieve the $0.01 target. The user proposed that the supply be trimmed to 7 trillion to bring the one-cent dream to fruition. At $0.01, Shiba Inu’s market cap will be approximately $70 billion, assuming its supply is reduced to 7 trillion tokens.
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.
