The Shiba Inu (SHIB) ecosystem has long been stuck on the one-cent dream. But ambitious investors and a cryptocurrency exchange have been looking forward to the meme coin hitting the $1 mark.
Also Read: Tron Surges Past Ethereum & Cardano into Top 10 Cryptos
Bold Predictions for CoinW
In a recent post, CoinW shared an array of bold predictions. These included:
- Cardano (ADA) reaching $5
- Dogecoin (DOGE) hitting $1
- Bitcoin (BTC) surging to a high of $100K
While most of these predictions are far-fetched, SHIB’s rise to $1 could mark a 7,627,665% rise from its current level. Bitcoin’s ascent to $100K will be a 71% rise. This seems dainty when compared to SHIB’s 7-digit surge.
Current Market Status
At press time, the entire cryptocurrency market was painted green. Most assets were recording an uptick. SHIB was up by over 5% over the past 24 hours, trading at $0.00001379. Currently, SHIB is 84% below its all-time high of $0.00008845.
Also Read: Can Shiba Inu Repeat Its 2021 Rally in 2024?
When Can SHIB Surge To $1?
Before Shiba Inu enters the dollar realm, the meme coin has many other milestones to achieve. The asset should start by reclaiming its all-time high. According to data from Telegaon, SHIB will reach this peak in 2026.
The Path to 1 Cent
In addition, the 1 cent mark will be more challenging to achieve. Investors will require patience as SHIB will surge to this level only in 2040.
The firm further reveals that reaching $1 gets easier from here. Shiba Inu will rise to this zone by 2050.
Viability of SHIB’s $1 Aim
Naturally, Shiba Inu’s path to attain the $1 aim raises concerns about the viability of such a rally. Interestingly, anything more impressive than a 7,627,665% rally has already happened in Shiba Inu’s history records.
Also Read: How Many Billions of Shiba Inu Does the US Government Hold
Earlier this month, the network celebrated Shiba Inu’s fourth birthday and boasted that SHIB had grown by 150,000,000% from its all-time low to its peak value.
