The dream of one cent still exists, as most investors hope Shiba Inu can break this milestone. The token has 1.4 million holders globally, with new investors joining this trend every year. SHIB remains one of the most popular cryptocurrencies on the market, as its purchase price is less than one cent. The affordable price has attracted many investors to buy the token, as it is a low-hanging fruit.
SHIB removed six 'zeros' between 2020 and 2021, with an annual increase of 45,000,000% (45 million percentage points). However, its price still remains at four zeros, unable to drop even one over the past three years. Its price point remains unchanged, unable to break its historical high of $0.00008616. It reached its all-time high in October 2021 and surged 1,000% in the same month, becoming the best-performing cryptocurrency of the year.
Shiba Inu: Investors will wait for SHIB to reach $0.01
Shiba Inu's current stock price is $0.00002, and it has struggled to drop a zero over the past three years. No price prediction company expects SHIB to reach the $0.01 mark in the next two to three decades. It is estimated that it could reach a maximum of $0.0001 or $0.001 in the coming years and decades.
Therefore, today's investors hope that the likelihood of SHIB reaching $0.01 is higher than the actual possibility of the token achieving this level. Leading on-chain metrics and price prediction company CoinCodex predicts that the highest price SHIB could reach by 2050 is $0.001.
From the current price level of $0.00002, this represents an increase, with a return on investment (ROI) of about 4,400%. In summary, if the predictions are accurate, a $1,000 investment could turn into $45,000. The dream of becoming a millionaire as SHIB reaches $0.01 may never come true.