Friday, July 25, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

What Will Accelerate SHIB’s Rally to $0.0001?

Simon Osuji by Simon Osuji
February 18, 2024
in Business
0
What Will Accelerate SHIB’s Rally to $0.0001?
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Shiba Inu (SHIB) has a track record of turning several early investors into multi-millionaires and, in some rare cases, even billionaires. However, SHIB’s price has taken a significant beating after reaching its all-time high of $0.00008616 in October 2021. While many think it’s too late to ride the SHIB wave, others believe there is still time to make it big with the popular dog-themed memecoin.

According to Changelly, SHIB won’t reach the $0.0001 level before 2029. The platform predicts SHIB to hit a maximum price of $0.0001069893 in 2029, a rise of over 980% from current levels.

Also Read: Shiba Inu: Here’s How to Become a Millionaire With SHIB by 2030

Telegaon anticipates Shiba Inu (SHIB) to breach the $0.0001 level much sooner. The platform predicts SHIB to hit $0.0001 by 2027, about three years from now. Telegaon expects SHIB to hit a maximum price of $0.000198 in 2027, a rise of over 1900% from current levels.

What will accelerate Shiba Inu’s (SHIB) journey to $0.0001?

Shiba Inu: ChatGPT Explains If SHIB Can Create Millionaires When Price Hits $0.0004 or $0.004?

The project’s massive supply is one of the most significant barriers to Shiba Inu’s (SHIB) price. There are about 589 trillion SHIB tokens in circulation. If each token hits $0.0001, the project’s market cap will rise to $58,900,000,000 ($58.9 billion), a 10X increase from current levels. While the figure seems attainable, it is still significantly large. Moreover, price targets of $0.01 would be unattainable as the market cap would cross the trillion-dollar mark. Hence, one of the project’s primary goals should be to reduce its supply.

One of the catalysts for Shiba Inu’s (SHIB) 2021 rally was Ethereum co-founder Vitalik Buterin’s massive burn. Buterin received half of SHIB’s supply upon launch and decided to burn 90% of the tokens received. Buterin’s decision significantly reduced SHIB’s supply, leading to a price spike.

Also Read: Shiba Inu: Here is When SHIB Could Rally 10,000% and Hit $0.001

The Shiba Inu (SHIB) team is reportedly working on a new burn mechanism, rumored to burn trillions of tokens yearly. If they can reduce the project’s supply by a few trillion yearly, SHIB may hit a new all-time high sooner than anticipated.

Source link

Related posts

Google Launches Africa AI Hub, $37M Investment

Google Launches Africa AI Hub, $37M Investment

July 25, 2025
The world’s richest people are pouring money into Africa’s luxury resorts

The world’s richest people are pouring money into Africa’s luxury resorts

July 25, 2025
Previous Post

Pope Francis to Visit the 60th Venice Biennale

Next Post

Gabon Oil Company acquires US Carlyle’s Assala oil assets

Next Post
Gabon Oil Company acquires US Carlyle’s Assala oil assets

Gabon Oil Company acquires US Carlyle’s Assala oil assets

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

High School Side Hustle Leads to Over $1.6 Million Raised

High School Side Hustle Leads to Over $1.6 Million Raised

8 months ago
G7 leaders reaffirm importance of peace and stability across Taiwan Strait

G7 leaders reaffirm importance of peace and stability across Taiwan Strait

2 years ago
Gaza Official Says 300 Killed in Khan Yunis as Army Ends Assault

Gaza Official Says 300 Killed in Khan Yunis as Army Ends Assault

12 months ago
Somalia aims to develop policy to accelerate the deployment of optical fibre

Somalia aims to develop policy to accelerate the deployment of optical fibre

8 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.