Shiba Inu is currently trading at a price of 0.00002471 USD and is attracting strong bullish sentiment over the past seven days. It has increased by over 200% in a year and has tripled investors' money in just 365 days. Even top stocks in the stock market do not provide the returns that SHIB has generated in a year.
In just the past four years, SHIB has increased nearly 43,736,268% (43.7 million percent) from its all-time low of 0.00000000005637 dollars. It reached its ATL on November 28, 2020, and was trading with ten zeros on the chart. However, it has removed six zeros from its trading and is now moving in metrics with four zeros.
How much percentage does Shiba Inu need to increase to reach the milestone of 0.01 USD?
Considering that Shiba Inu has increased by 43.7 million percent from its ATL in four years, the next few zeros seem easy to remove. In reality, that is not true as SHIB has a circulating supply of 549 trillion tokens. The infinite supply is holding back its growth in metrics because the tokens are valued in trillions with lower demand. SHIB can only rise on the chart if the tokens are scarce as this leads to a buying frenzy.
To reach the milestone of 0.01 dollars, Shiba Inu needs to increase another 41,000% from the current price of 0.00002471 dollars. It seems impossible as SHIB's last increase of 1,000% in a month was in October 2021. That was when it reached its all-time high of 0.00008616 dollars. It is still down 71% from ATH and unable to regain its former glory.
The 1 Cent dream is still alive and thriving, and investors believe that SHIB will achieve that goal at all costs. They are willing to wait for a long time, possibly many years or decades, to achieve their financial dream. Only time will tell whether Shiba Inu will reach the milestone of 0.01 dollars.
