The 1 Cent dream is alive and kicking, as most investors want Shiba Inu to breach the milestone. The token boasts 1.4 million holders worldwide, and new investors jump on the bandwagon yearly. SHIB remains one of the most popular cryptocurrencies in the market, as it’s available for purchase at less than a cent. The affordability is making investors enter the token as it’s a low-hanging fruit that’s up for grabs.
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SHIB deleted six ‘zeroes’ between 2020 and 2021 by rising 45,000,000% (45 million percent) annually. However, its price is now stuck with four zeroes, and it cannot delete one in the last three years. Its price point has remained unchanged and cannot breach its all-time high of $0.00008616. It reached the ATH in October 2021 and spiked 1,000% in the same month, becoming the top-performing cryptocurrency of the year.
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Shiba Inu: Investors Will Grow Old Waiting for SHIB to Hit $0.01
Shiba Inu is currently trading at the $0.00002 level and is struggling to delete a zero in the last three years. No price prediction firm has forecasted that SHIB could reach the $0.01 mark in the next two to three decades. The maximum it could reach is $0.0001 or $0.001 in the coming years and decades, according to estimates.
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Therefore, the chances of present-day investors growing old in the hopes of SHIB reaching $0.01 is higher than the token actually getting there. Leading on-chain metrics and price prediction firm CoinCodex has forecasted that the maximum SHIB could reach in 2050 is $0.001.
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That’s an uptick and return on investment (ROI) of approximately 4,400% from its current price of $0.00002 level. In conclusion, an investment of $1,000 could turn into $45,000 if the forecast turns out to be accurate. The dreams of SHIB hitting $0.01 and turning a millionaire through it might never be fulfilled.