Shiba Inu (SHIB) is one of the most popular meme coins in the market. The Dogecoin (DOGE) rival has made significant gains since its launch in August 2020. However, fans and investors await for SHIB to breach the $0.0003 level, which it has struggled to do.
SHIB is riding the spot Bitcoin (BTC) ETF (Exchange Traded Fund) wave, rallying by over 6% in the daily charts. Moreover, the asset is up by 4% in the weekly charts and 4.5% over the previous month. SHIB’s price has once again deleted a zero after its decimal, which it gained in December last year.
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When will Shiba Inu (SHIB) reach $0.0003?
According to Changelly, SHIB has a favorable sentiment among investors. The platform anticipates SHIB to breach the $0.00002 level sometime in 2025. However, Changelly does not expect SHIB to delete another zero after its decimal till at least 2029, five years from now.
According to Changelly, Shiba Inu (SHIB) could hit $0.00017 in 2030 and $0.00024 in 2031. Reaching $0.00024 would translate to a growth of about 2300% from current levels.
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According to the platform, SHIB could hit $0.0003 sometime in 2032, with a maximum prediction of $0.00038 for the year. If SHIB reaches $0.00038, it would translate to a growth of about 3700% from current price levels.
However, one of the most significant barriers to Shiba Inu’s (SHIB) price is its supply. However, the SHIB team is working on a new burn mechanism, rumored to burn trillions of tokens yearly. If fruitful, we may see a drastic decline in SHIB’s supply soon. In such a scenario, the asset’s price may hit the $0.0003 target sooner than anticipated.