Multiple entities, including ChatGPT and Changelly, have provided insights into when Shiba Inu could reach an ambitious target of $0.006.
Shiba Inu (SHIB) has been attracting a wave of bullish predictions from market commentators, with some speculating that the token could reach a lofty height of $0.006 in the future.
The $0.006 price forecast is usually driven by Shiba Inu’s historical performance, particularly its bullish run in the 2020/2021 market cycle.
Shiba Inu to $0.006 Prediction
Last year, we explored that Shiba Inu could hit the $0.006 price target and surge to a higher level if it captures only 10% (30,358%) of its 2021 post-halving gain of 303,581%.
Notably, clinching the $0.006 target would require a hefty rally of 39,503% from the current price of $0.00001515. This massive price surge will result in significant gains for early investors, particularly those who acquired SHIB at cheaper rates.
For context, a holding of 1 billion SHIB, valued at $15,150, would be worth $6 million, assuming Shiba Inu’s price rises to $0.006.
Potential Timeline for Shiba Inu Surge to $0.006
While the $0.006 represents a key milestone, it remains unclear when Shiba Inu could eventually reach the target. Consequently, we consulted multiple sources, including AI chatbot ChatGPT as well as Changelly and Telegaon to assess possible timelines.
Changelly and Telegaon
Leading cryptocurrency trading firm Changelly forecasted that Shiba Inu could hit the $0.006 target by June 2040, approximately 15 years from now. According to Changelly, Shiba Inu will surpass the $0.006 target and aim for a maximum price of $0.0065 by then.
However, top prediction platform Telegaon sees SHIB reaching $0.006 between 2036 and 2039, over the next 11-14 years.
ChatGPT Forecast
Notably, the popular AI model ChatGPT forecasted when Shiba Inu could hit $0.006 by modeling different Compounded Annual Growth Rate (CAGR) scenarios.
The AI model predicted that if Shiba Inu’s price increases 100% annually from its current level of $0.00001515, it would take 8.6 years to reach the $0.006 target. This assumes that the $0.006 price will materialize by January 2034.
It also predicted that Shiba Inu could hit the landmark target within five years and four months, or by the end of 2030, if its current price grows at a 200% annual rate. However, it expects Shiba Inu to reach $0.006 over the next 4.3 years, specifically in October 2029, provided the price grows 300% annually from its current level.
In a previous analysis, we suggested that Shiba Inu could reach $0.006 this year if it captures just 10% of the 303,581% growth recorded from February 2021 to October 2021.
Can Shiba Inu Reach $0.006?
Despite these positive forecasts, the crux of the matter is whether Shiba Inu will ever reach $0.006 within its lifetime.
It is worth noting that hitting the $0.006 target would push Shiba Inu’s market cap from $8.93 billion to $3.53 trillion, assuming SHIB’s supply remains at the level of 589 trillion tokens.
Achieving such a feat is highly improbable without drastically reducing the number of tokens in circulation through burns. For context, Shiba Inu’s market cap will only rise to $300 billion if its supply is reduced to 50 trillion tokens, rather than $3.53 trillion if the supply remains unchanged.
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.
