The Shiba Inu (SHIB) market has been quite volatile throughout 2024. But the meme coin’s uptick during the final months of the year led to the community believing in SHIB’s potential to move beyond the 1 cent mark. The asset has surged by 127% over the past 12 months. With the upcoming launch of the much-awaited TREAT token, the market believes that Shiba Inu could surge as high as 3.5 cents. The real question is if this is possible to achieve over the next couple of months.
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Shiba Inu’s Slow Yet Steady Recovery
Over the past 24 hours, several assets in the market managed to witness an uptick. Shiba Inu was one among them. The meme coin surged by 2.66%. During the time of writing, the asset was trading at $0.00002168.
It should be noted that the second-largest meme coin is currently 75% below its all-time high. Shiba Inu surged to a high of $0.00008845 about three years ago in 2021. In order to reach 3.5 cents, SHIB has to rise by 161,324.85%. While this seems like a long shot for the meme coin, Shiba Inu could reach this price level in a couple of years.
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Will 3.5 Cents Turn Into Reality Soon?
According to data from Telegaon, Shiba Inu will reach the much-awaited 1-cent milestone only in the year 2040. The meme coin will surge to 3.5 cents in the same year.
While this may seem like a long wait, things could get better for the network sooner rather than later. The SHIB ecosystem has several plans for the next couple of years. The asset is expected to benefit from the rising utility of the network. In addition, the meme coin has surged by 26550570.4% over the past four years. This is a testament to SHIB’s potential growth in the future.
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