When will Shiba Inu (SHIB) price rise to $1?
Shiba Inu (SHIB) had a tough month in August, and the meme token started to go down in September. At press time, SHIB is trading at $0.00001358, up 0.61% in the past 24 hours. Last week, SHIB fell 6.22%.
Looking at historical data, SHIB has been losing money for several consecutive months since the previous two Septembers.
In September 2023 and September 2022, Shiba Inu's monthly declines were 8.25% and 6.43%, respectively.
2021 is the only year in which SHIB has seen an increase. Therefore, this September can be regarded as a challenging month for the meme coin.
The community is still betting on the milestones of $1 and 1 cent. To achieve the 1 cent dream, SHIB needs to increase its price by 73,537.70% from the current level. Entering the dollar zone will be more challenging as the asset must increase by 7,363,670.25%.
The cryptocurrency market could see a sharp rise to $1. But this rise will take time.
According to Telegaon, SHIB will re-reach its all-time high of $0.00008845 sometime in 2026.
The 1 cent mark will be reached between 2035 and 2040. Shiba Inu will reach the $1 milestone after 2050.
SHIB holders will need to wait patiently for more than two years to enjoy this price increase. Sadly, about 52% of Shiba Inu holders are losing money.
Moreover, according to IntoTheBlock, 45% of them were made at SHIB’s current price.
