Shiba Inu (SHIB) was among the best-performing cryptocurrencies during the 2021 bull run. Since its launch in August 2020, till it hit an all-time high in October 2021, the dog-themed crypto’s price rallied by many million percent. Early investors reaped massive returns with minimal investments. Since its 2021 peak, SHIB has struggled to gain substantial momentum. The asset is down by 85.7% from its all-time high of $0.00008616. The asset has also slipped out of the top 20 projects by market cap.
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When Will Shiba Inu Delete A Zero From Its price?
Hitting $0.0001 will be a new all-time high for SHIB. The asset has to rally by 713.67% to hit the $0.0001 target.
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According to Changelly, SHIB could hit the $0.0001 mark sometime in 2027. The platform anticipates the asset to trade at a maximum price of $0.0001229877 in 2027. SHIB will rally by more than 900% if it hits the $0.0001229877 target.
Telegaon analysts also present a similar timeline for SHIB hitting the $0.0001 mark. The platform anticipates SHIB to delete a zero from its price in 2027. Telegaon predicts SHIB to trade at a maximum price of $0.000198 in 2027. SHIB will rally by around 1511% if it hits the $0.000198 target.
What’s Stopping The Asset?
One of the most substantial catalysts for Shiba Inu’s (SHIB) incredible 2021 rally was Vitalik Buterin’s token burn. The Ethereum co-founder received half the token supply upon launch. Buterin decided to burn 90% of the tokens he received. His actions led to a substantial price rally.
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There are still about 589 trillion SHIB tokens in circulation right now. The high circulating number present a substantial barrier to SHIB’s price. If the team can undertake another massive burn, we may witness another 2021-like rally.