The post Shiba Inu Team Predicts SHIB Can Reach $0.01: Here Are Possible Timelines appeared on BitcoinEthereumNews.com.

Shiba Inu content specialist Lucie remains confident that SHIB will eventually reach $0.01, regardless of ongoing price fluctuations. Notably, Shiba Inu benefited from the market uptrend in the first quarter, rising above $0.000045, which renewed optimism for further growth. Lucie, a Shiba Inu investor since 2021, shared her long-term belief in SHIB’s potential amid the meme coin’s impressive performance. In Q1, Shiba Inu’s price surged by approximately 380% in ten days, reaching a price level last seen in 2021. Considering that SHIB traded as low as $0.00000543 in Q3 2023, the meme coin’s growth to $0.00004543 in Q1 2024 represents an impressive 736% gain, or a 7x return for investors. The magnitude of Shiba Inu’s rise significantly bolstered confidence in its ability to eliminate more zeros from its price. The $0.01 price point has been a long-standing aspiration of the SHIB Army. While some view the $0.01 target as far-fetched, a Shiba Inu project team member has publicly expressed the belief that it is attainable. Lucie emphasizes that it is only a matter of time, and regardless of how long it takes, she remains convinced of Shiba Inu’s one-cent dream. For context, with Shiba Inu trading at $0.00001359 today, the asset would need extraordinary price growth of 73,483% to reach $0.01. Popular Hopes for Shiba Inu to Reach $0.01 Notably, Lucie is not alone in anticipating a $0.01 price point for SHIB. Two months ago, analyst Luis Delgado expressed strong optimism about Shiba Inu reaching $0.01, citing Dogecoin’s historic surge as a precedent. He believes a similar rise for Shiba Inu is inevitable. During Shiba Inu’s historic surge in March, two Bitcoin investors asserted that $0.01 is not only possible for SHIB but that it could even reach up to $0.05.  In recently updated price forecasts, the Changelly exchange and…

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Filed under: News - @ September 6, 2024 4:15 am