Shiba Inu (SHIB) stands out as a prominent meme coin within the cryptocurrency market. Since its inception in August 2020, this rival to Dogecoin (DOGE) has experienced notable growth. However, there is anticipation among enthusiasts and investors for SHIB to surpass the $0.0003 threshold, a milestone it has encountered challenges in achieving.
Currently, SHIB is capitalizing on the momentum of the Bitcoin (BTC) Exchange Traded Fund (ETF), witnessing a surge of over 6% in the daily charts. Additionally, the asset has demonstrated a 4% increase in the weekly charts and a 4.5% rise over the past month. Notably, SHIB has once again removed a zero from its decimal point, a feat accomplished in December of the previous year.
Timing the Threshold: Shiba Inu’s Journey to $0.0003
As per Changelly’s assessment, Shiba Inu (SHIB) currently enjoys positive sentiment among investors. The platform projects the likelihood of SHIB surpassing the $0.00002 threshold at some point in 2025. However, Changelly suggests that another zero may not be eliminated from SHIB’s decimal until at least 2029, a period spanning five years.
Changelly’s predictions extend to the year 2032, forecasting SHIB to potentially reach $0.00017 in 2030 and $0.00024 in 2031. The latter figure would represent a substantial growth of approximately 2300% from the current levels. The platform’s projections also include the possibility of SHIB hitting $0.0003 in 2032, with an upper limit prediction of $0.00038 for that year. Achieving the latter figure would signify an impressive growth of about 3700% from the current price levels.
It’s worth noting that one of the primary challenges to Shiba Inu’s (SHIB) price advancement is its supply. Nevertheless, the SHIB team is reportedly developing a new burn mechanism, speculated to eliminate trillions of tokens annually. If successful, this initiative could lead to a significant reduction in SHIB’s supply, potentially hastening the asset’s attainment of the $0.0003 target sooner than initially expected.