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 over 200% in a year and has tripled the amount for investors in just 365 days. Even the top stocks in the stock market do not yield the profits 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 hit 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 the indices 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 43.7 million percent from its ATL in four years, the next few zeros seem easy to remove. In fact, that is not true as SHIB has a circulating supply of 549 trillion tokens. The infinite supply is hindering its growth in the indices as the tokens are worth trillions with less demand. SHIB can only increase 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. This seems impossible as the last time SHIB increased 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 any cost. They are willing to wait for a long time, perhaps many years or decades to achieve their financial dream. Only time will tell if Shiba Inu will reach the milestone of 0.01 dollars.
