Shiba Inu (SHIB) had a rough month in August, and the meme token is starting to move lower in September. At press time, SHIB is trading at $0.00001358, up 0.61% in the past 24 hours. Over the last week, SHIB has fallen 6.22%.

Historical performance and future forecasts

Historical performances of Shiba Inu

Judging from historical data, SHIB has been losing money for several consecutive months since the previous two Septembers.

Shiba Inu’s monthly declines were 8.25% and 6.43% in September 2023 and September 2022, respectively. 2021 was the only year in which SHIB saw an increase. Therefore, this September can be considered a challenging month for the meme coin.

The community’s $1 and $1 cent milestone

The community is still betting on the 1 dollar and 1 cent milestones. To achieve the 1 cent dream, SHIB needs to increase its price by 73,537.70% from current levels. Entering the dollar zone will be more challenging as the asset must increase by 7,363,670.25%.

When will the Shiba Inu reach a price of $1?

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 need to wait patiently for more than two years to enjoy this price increase. Sadly, about 52% of Shiba Inu holders lose money.

Moreover, according to IntoTheBlock, 45% of these were conducted at SHIB’s current price.