Shiba Inu’s main goal is to reach $0.01, and its investors will not rest until the token hits the milestone. The one-cent dream plays a significant role, as the majority of holders aim to make life-chaining gains when SHIB gets there. While the journey towards $0.01 could be painstaking, it might not be impossible to reach.
There are several paths for Shiba Inu to reach 1 cent, and one path is a steady rise of 25% every year. In this article, we will highlight how SHIB could reach its desired target of $0.01.
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Shiba Inu: SHIB Needs To Rise 25% Every Year To Reach $0.01
Shiba Inu is presently trading at $0.00001144 and needs to jump 90,000%, or should spike 900x from its current price, to reach $0.01. Therefore, if Shiba Inu maintains a steady rise of 25% every year for the next 30 years, it could pave way for it to reach 1 cent. A 25% rise every year from now could make SHIB take giant leaps in price and reach $0.01 after 2053.
However, that is easier said than done, as the markets don’t allow a bull run every year. For example, when SHIB spiked 1,000% in October 2021— when it reached its all-time high of $0.00008616 — it quickly dipped after. It is now 86.71% below its ATH.
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Therefore, whenever SHIB spikes again to reach a new ATH, it could dip and take years to reclaim in price. So, the 25% steady spike every year might not be theoretically possible as the markets tend to go down.
While it could take 30 years with a 25% increase each year for SHIB to reach $0.01, the market also has its way of pulling things down.
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At press time, Shiba Inu was trading at $0.00001144 and is up 6.2% in the 24-hour day trade. SHIB is down 86.71% from its all-time high of $0.00008616, which it reached in October 2021.