Shiba Inu (SHIB) rose 14%, making it one of the biggest gainers of the week. The asset has been struggling to shed its meme coin label and become a utility cryptocurrency.

The SHIB network has been working towards this goal by expanding its ecosystem and adding real-world use cases. This vision of the network has given the community confidence that the price of the asset will soon rise, not only past the 1 cent mark, but also reaching 4 cents.

At press time, SHIB is trading at $0.00001498, having gained a small 1% in the past 24 hours. This increase is related to the overall growth of the market and the network’s plans to launch a DAO.

Future prospects and community initiatives for Shiba Inu

Over the weekend, Shiba Inu’s pseudonymous marketing lead, Lucie, said the team will be launching a decentralized organization (DAO). This will allow meme coin holders to vote on upcoming projects and influence the future direction of the project.

The SHIB Network is already a community-driven project and with the introduction of the DAO, the price of the asset could grow significantly.

Shiba Inu's 4 Cents Journey

Considering SHIB’s current price level, the asset is expected to rise by 266,554% to reach the 4 cent mark. This is obviously not a simple task that can be achieved overnight or within the next year.

Long-term price prediction

According to Telegaon, SHIB will reach this milestone between 2035 and 2040. This feat will take more than a decade to achieve, so patiently sticking with SHIB is the only way to reap the benefits.