Shiba Inu (SHIB) Forecasted to Hit $0.07: Here’s When

Paigambar Mohan Raj
shiba inu shib moon rocket
Source: Watcher Guru

After a significant struggle, Shiba Inu (SHIB) has finally overcome the $0.000026 level. The asset has rallied 2.4% in the daily charts, over 13% in the weekly charts, and 13.3% in the 14-day charts. Nonetheless, the asset is still down by 4.1% over the previous month.

Source: CoinGecko

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Despite the recent price spike, Shiba Inu (SHIB) fans and investors are waiting for the asset’s price to delete a few zeros as it did between 2020 and 2021. SHIB fans, popularly known as the SHIB Army, want to take the asset beyond 1 cent to somewhere in the range of $0.07. Let’s see when the popular dog-themed cryptocurrency can reach this level.

Here’s when Shiba Inu (SHIB) will hit $0.07

shiba inu shib eclipse
Source: Twitter

According to Telegaon, SHIB could hit $0.07 sometime between 2035 and 2040. The platform predicts SHIB to hit a maximum price of $0.089 in 2040. Therefore, it may breach the $0.07 level around 2038 or 2039, about 14 or 15 years from now.

Changelly, on the other hand, is far more bearish on Shiba Inu (SHIB) than Telegaon. The platform predicts SHIB to hit $0.07 sometime after 2050. According to Changelly, SHIB could hit a maximum price of $0.033 in 2050. Hence, it may take the asset many more years to reach the $0.07 level.

Also Read: Shiba Inu: Top 3 Things That Can Take SHIB To $0.001

One of the most significant barriers to SHIB’s price is its massive supply. The project has about 589 trillion coins in circulation. If the cost of each coin hits $0.07, the project’s market cap would reach unrealistically large numbers. Therefore, the SHIB team needs to reduce the asset’s supply before aiming for higher prices.

One of the biggest catalysts for Shiba Inu’s (SHIB) incredible 2020-2021 rally was Vitalik Buterin’s massive SHIB burn. The Ethereum co-founder received half of SHIB’s supply upon launch. However, Buterin decided to burn 90% of the tokens he received. The move led to a sudden spike in the asset price.