Shiba Inu (SHIB) had a challenging month in August, and the meme coin started on a bearish note in September. At press time, SHIB was trading at $0.00001358, with a 0.61% rise over the past 24 hours. This comes after a 6.22% decline throughout the last week.
Also Read: Maduro’s Crypto Comeback: What Venezuela’s Shift Means for US Investors
Historical Performance And Future Predictions
Historical Performance Of Shiba Inu
According to historical statistics, SHIB had a monthly loss after the previous two Septembers.
In September 2023 and 2022, Shiba Inu saw a monthly loss of 8.25% and 6.43%, respectively. 2021 was the only year that SHIB saw an uptick. As a result, this September could be considered a challenging month for the meme coin.
Community’s $1 And Cent Milestones
The community is still placing bets on the $1 and cent milestones. To reach the desired 1 cent dream, SHIB would need to increase its price by 73,537.70% from its current level. Reaching the dollar zone will be more challenging since the asset must increase by 7,363,670.25%.
Also Read: Dogecoin: Here’s How To Be A Millionaire With DOGE By 2030
When Can Shiba Inu Hit the $1 Mark?
The cryptocurrency market could see a notable rise to $1. But this ascent will take time. According to Telegaon, SHIB will reclaim its all-time high of $0.00008845 sometime in 2026. The 1-cent mark will be attained sometime between the years 2035 to 2040. Shiba Inu will reach the $1 milestone only after the year 2050.
SHIB holders will be able to enjoy this rise with patience as they have to wait more than two years. Sadly, about 52% of Shiba Inu holders were at a loss.
Also Read: Ripple Announces Major Partnerships That May Help XRP Claim $0.65
In addition, 45% of them were making at SHIB’s current price, according to data from IntoTheBlock.
