The popular meme-inspired cryptocurrency Shiba Inu (SHIB) has recently seen considerable volatility in its price. Over the last 24 hours, SHIB has surged 6.6% to be trading at $0.00001004.
This rise comes after SHIB hit a recent 24-hour low of $0.000009368, showing the cryptocurrency’s potential to quickly erase one zero from its price. While it remains uncertain exactly when SHIB may reach the coveted $0.0001 price level, deleting yet another zero, experts at Changelly have offered a prediction timeline.
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When will Shiba Inu hit $0.0001?
Their analysis suggests SHIB could hit $0.0001 by February 2030, indicating the cryptocurrency may be on its way to deleting a zero by that point. However, with the ability for broader crypto market movements to impact SHIB in either direction, the actual price may end up above or below the $0.0000990-$0.000113 range the analysts have forecasted for that timeframe.
The recent price surge and optimistic longer-term prediction suggest meme cryptocurrency Shiba Inu has ambitions to continue climbing the ranks among the most prominent digital currencies in the months and years to come. Its performance shows that even meme coins have the potential for significant gains amidst the volatility of the crypto space.
However, the price trajectory can change depending on price fluctuations and market performance. According to the current price analysis, SHIB is unlikely to hit $0.0001 by the end of December.