Experts currently predict Shiba Inu's price to be $0.01 as this remains the main target for many investors, sparking ongoing discussions within the community about the feasibility of this project.
Cryptocurrency analyst Luis Delgado, also known as Del Crxpto, shares his perspective on why Shiba Inu (SHIB) has the potential to reach the ambitious price of $0.01.
Delgado's view on the potential of SHIB
While many analysts doubt the possibility of SHIB reaching $0.01, Delgado believes the opposite.
He emphasizes that the cryptocurrency market is full of surprises, where unpredictable price fluctuations can occur, indicating that he has witnessed significant changes in the past.
For Shiba Inu to reach the milestone of $0.01, its price would need to increase by up to 37,311% from the current price of $0.00002523.
Reaching this level would also push SHIB's market capitalization to an unprecedented level of $5.91 trillion, making it the largest cryptocurrency globally.
If this happens, a holder of 10 million SHIB tokens, currently valued at about $267.3, would see their investment soar to $100,000.
The community's optimism and historical context
Despite the significant increase needed, many in the Shiba Inu community remain hopeful.
Delgado has previously expressed confidence in this goal, comparing it to the previous surge of Dogecoin.
Recently, Lucie, a marketing expert for Shiba Inu, also expressed her belief in achieving the $0.01 target.
Moreover, some enthusiasts have predicted a specific timeline for this prediction.
For example, Jason Williams and Yazan predict SHIB will surpass $0.01, potentially reaching $0.05 in the current market cycle, while analysts at Changelly predict a price of $0.01 between 2033 and 2040.
Shiba Inu has proven its significant price appreciation potential, as seen in the 2020/2021 bull run, when its price surged from $0.000000000056 to $0.00008845 in just 14 months.
This history of rapid growth fuels ongoing speculation about SHIB's future potential.
