Shiba Inu (SHIB) has finally deleted a zero from its price, which it gained in December last year. The asset has seen a significant price spike over the previous week. SHIB has rallied by nearly 6% in the daily charts, 14.6% in the weekly charts, and 21.4% over the last month.
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With SHIB trading at $0.000010, investors can purchase one million tokens for just $10. In other words, you can become a SHIB millionaire for as little as $10.
When will Shiba Inu (SHIB) reclaim its all-time high?
Despite the recent rally, Shiba Inu (SHIB) has still down by nearly 12% since February 2023. Moreover, the asset’s price has fallen by over 87% from its all-time high of $0.00008616, which it attained in October 2021. If SHIB reclaims its 2021 peak, one million SHIB tokens would be worth around $86, with a profit of about $76.
According to Changelly, SHIB may reclaim its all-time high in 2029, reaching a maximum price of $0.0001019898 for the year. Reaching $0.0001019898 from current levels would translate to a growth of about 919%.
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Telegaon, on the other hand, is more bullish on Shiba Inu (SHIB). The platform anticipates SHIB to reclaim its all-time high in 2026, reaching a maximum price of $0.0000943 for the year. Reaching $0.0000943 from current levels would translate to a growth of about 843%.
One of the most significant barriers to SHIB’s price is its massive supply. However, the SHIB team is reportedly working on a new burn mechanism. According to some sources, the new mechanism could remove trillions of tokens yearly. If the project can reduce its supply, the asset may reclaim its all-time high of $0.00008616 much sooner than anticipated.