Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Shiba Inu Team Says SHIB At $0.01 Is Possible But…

Shiba Inu Team Says SHIB At $0.01 Is Possible But…

TimestabloidTimestabloid2024/03/04 16:00
By:By Solomon Odunayo

The possibility of Shiba Inu reaching a value of $0.01 continues to spark debates within the cryptocurrency community. Currently trading around $0.00002088, the asset would need a remarkable surge of up to 47,000% to hit this target.

Despite the challenging nature of this prospect, key figures within the Shiba Inu ecosystem remain confident about its long-term potential.

Shiba Inu (SHIB) Reaching the $0.01 Target

Lucie, a key marketer for the ecosystem, has voiced optimism regarding SHIB’s future price prospects. She said although achieving a $0.01 valuation is plausible, the journey will require time, patience, and ongoing development efforts.

Lucie highlighted the importance of ecosystem tokens like Bone ShibaSwap (BONE) and Doge Killer (LEASH) in expanding adoption and driving utility for Shiba Inu.

She encouraged the community to maintain a long-term perspective, advising against being discouraged by short-term market fluctuations. Her statement aligns with broader sentiments about the need for consistent ecosystem improvements to improve asset value.

I won't comment on $SHIB . I've been holding since 2021 and have always believed in reaching 0.01, just not immediately… Everything takes time.

But with $LEASH , if you sell below $5000, you don't understand what $LEASH is.

My dark horses are $LEASH and $SHEB . $BONE should be…

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) March 5, 2024

Market Comparisons and Historical Context

Luis Delgado , a prominent community member, had drawn parallels between Shiba Inu’s potential rise and Dogecoin’s market journey.

In 2014, Dogecoin traded as low as $0.0001 before eventually surpassing the $0.01 mark in March 2021. Delgado pointed out that such significant price movements, while rare, are not unprecedented in the cryptocurrency space.

Similarly, for Shiba Inu to achieve comparable growth, both ecosystem expansion and heightened demand would be necessary. The community recognizes that SHIB’s success hinges on these factors, including continued innovation and strategic project development.

Speculation on Timelines

Despite the optimism from ecosystem members and community commentators, the timeline for the token reaching $0.01 remains uncertain. AI-driven analysis platforms, such as Grok AI and ChatGPT, have weighed in on the topic, providing perspectives grounded in market dynamics.

Grok AI underscored the speculative nature of the cryptocurrency market and noted that achieving the desired price level would likely require either a significant reduction in the token’s current circulating supply of 582 trillion tokens or an unprecedented surge in demand.

The platform highlighted that advancements in DeFi adoption and the growth of Shibarium, a layer-2 blockchain project, could positively impact the token’s long-term value. However, Grok suggested it may take SHIB beyond 2030 to reach this price level.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

ChatGPT provided a similar assessment, citing challenges related to the token’s massive circulating supply. It explained that without extensive token burns, a $0.01 valuation would necessitate a market capitalization far exceeding that of many national economies.

The AI model projected a potential timeline of 10 to 20 years under realistic conditions, though an accelerated timeline of 5 to 10 years was considered in an optimistic scenario.

Changelly analysts offered additional insights, forecasting that the token could reach an average price of $0.0105 by December 2040, with a potential peak of $0.0120 during the same period.

While achieving the $0.01 milestone is not an immediate prospect, ongoing development and strategic expansion of the ecosystem remain crucial. Community members continue to stress patience, advocating for a focus on utility, project growth, and the broader adoption of ecosystem components.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on Twitter , Facebook , Telegram , and Google News

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Vitalik Buterin Supports ZKsync: What This Means for Ethereum’s Development

- Vitalik Buterin endorsed ZKsync's Atlas upgrade, promising 15,000 TPS, 1-second finality, and near-zero fees for Ethereum scalability. - The upgrade enables direct L2-L1 connectivity, transforming Ethereum into a real-time liquidity hub for institutional and RWA applications. - ZK token surged 50% post-endorsement, highlighting market validation of scalability solutions aligned with Ethereum's decentralization goals. - Upcoming token unlocks from Linea, Aptos, and Avalanche may introduce volatility, emph

Bitget-RWA2025/11/11 02:20
Vitalik Buterin Supports ZKsync: What This Means for Ethereum’s Development

ZK Technology's Rapid Rise: How Zero-Knowledge Proofs Are Shaping Blockchain Investment Opportunities

- Aptos secures $120M Series B led by a16z/FTX to accelerate ZK-based infrastructure like Decibel DEX and Shelby storage. - ZK proofs address blockchain's privacy, efficiency gaps, with GKR reducing verification costs by 90% for enterprise use cases. - Strategic partnerships with WLFI (USD1 stablecoin) and exchanges like OKX expand institutional DeFi adoption and liquidity. - ZK's regulatory alignment via privacy-preserving AML frameworks attracts institutional investors amid evolving crypto compliance sta

Bitget-RWA2025/11/11 02:20
ZK Technology's Rapid Rise: How Zero-Knowledge Proofs Are Shaping Blockchain Investment Opportunities

Ireland Issues Landmark Fine for Crypto AML, Indicating Tighter Regulatory Scrutiny

- Ireland's Central Bank fined Coinbase Europe €21.5M for systemic AML/CFT failures between 2021-2025, marking its first crypto disciplinary action. - Technical errors allowed 31% of Coinbase's €176B transactions to bypass monitoring, exposing risks for money laundering and cybercrime. - The 30% reduced penalty under a settlement program highlights Europe's intensified crypto regulation, with Coinbase now enhancing monitoring protocols. - Regulators emphasized the need for real-time AML controls in crypto,

Bitget-RWA2025/11/11 02:20
Ireland Issues Landmark Fine for Crypto AML, Indicating Tighter Regulatory Scrutiny

Bitcoin Latest Updates: The Ideal Crypto Storm—Leverage, RSI, and $341 Million Liquidated in 24 Hours

- James Wynn's 40x BTC short position collapsed as Bitcoin surged past $106,000, wiping $100k+ from his account in 12 hours of rapid liquidations. - Crypto derivatives platforms recorded $341.85M in liquidations (74.7% from short positions) as Bitcoin reclaimed key technical levels and ETF inflows boosted demand. - A $131M BTC short faces liquidation risk if prices hit $111,770, highlighting systemic risks from over-leveraged bearish bets amid unexpected market reversals. - Analysts warn excessive leverage

Bitget-RWA2025/11/11 02:20
Bitcoin Latest Updates: The Ideal Crypto Storm—Leverage, RSI, and $341 Million Liquidated in 24 Hours