After a fierce struggle, Shiba Inu (SHIB) has finally broken through the $0.000026 level. The asset is up 2.4% on the daily chart, 13% on the weekly chart, and 13.3% on the 14-day chart. Despite this, the asset is still down 4.1% from the last month.
Despite the recent surge in price, Shiba Inu (SHIB) fans and investors are still waiting for the asset’s price to remove a few zeros like it did between 2020 and 2021. SHIB fans, popularly known as the SHIB Army, want the asset to go beyond 1 cent and reach around $0.07. Let’s see when the popular dog-themed cryptocurrency can reach this level.
This is when Shiba Inu (SHIB) will reach $0.07
According to Telegaon, SHIB could reach $0.07 sometime between 2035 and 2040. The platform predicts that SHIB will reach a peak price of $0.089 in 2040. Therefore, it could break through the $0.07 level around 2038 or 2039, about 14 or 15 years from now.
On the other hand, Changelly is much more bearish on Shiba Inu (SHIB) than Telegaon. The platform predicts that SHIB will reach $0.07 sometime after 2050. According to Changelly, SHIB could reach a maximum price of $0.033 in 2050. Therefore, it may take more years for the asset to reach the $0.07 level.
One of the biggest obstacles to SHIB’s price is its massive supply. The project has about 589 trillion coins in circulation. If the cost per coin reaches $0.07, the project’s market cap will reach unrealistic numbers. Therefore, the SHIB team needs to reduce the supply of the asset before aiming for a higher price.
One of the biggest catalysts for Shiba Inu’s (SHIB) incredible 2020-2021 rally was Vitalik Buterin’s massive SHIB burn. The Ethereum co-founder received half of SHIB’s supply at launch. However, Buterin decided to burn 90% of the tokens he received. The move caused a sudden surge in the asset’s price.
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