Shiba Inu Coin (SHIB): The Long Road to $0.01

Many investors hold the dream of Shiba Inu Coin (SHIB) reaching $0.01, especially since it has attracted 1.4 million holders worldwide with its accessible price of less than one cent, and new investors continue to pour in each year. It remains one of the most popular cryptocurrencies in the market.

Looking back from 2020 to 2021, SHIB astonishingly dropped six 'zeros', with an annual increase of up to 45 million percent. However, in the three years since, its price has remained stuck at a level with four zeros, failing to break through the historical high of $0.00008616 set in October 2021, even though it surged 1000% that month, becoming the best-performing cryptocurrency of the year.

Currently, the price of SHIB is about $0.00002, and it has failed to drop even one zero in the past three years. No price prediction company believes it can reach the $0.01 mark in the next two to three decades, and it is expected to reach at most $0.0001 or $0.001 in the coming years to decades. For example, leading on-chain indicators and price prediction company CoinCodex predicts that by 2050, SHIB may reach a maximum of $0.001. From the current price level of $0.00002, there is still a potential return on investment of around 4400%, meaning a $1,000 investment could turn into $45,000, but the dream for investors of SHIB reaching $0.01 and becoming millionaires may forever remain just that—a dream.

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