Shiba Inu (SHIB) appears to be changing history as it seems to be ending September on a good note. In past years, September has been bearish for the meme coin. SHIB ended September 2023 down 8%.

But in the past week alone, the asset has surged 12%. At press time, SHIB is trading at $0.00001493, up 3% in the past 24 hours.

Shiba Inu's recent performance and future forecast

The latest rally further strengthens the ambitious predictions for the meme coin. While investors still have the 1 cent dream in their hearts, some are betting on 1 dollar. SHIB is currently 83% below its all-time high of $0.00008845.

Current prices and required growth

Considering the current price levels, SHIB would have to rise by 6,697,823.64% to reach $1.

Investor sentiment

Notably, 84% of SHIB investors on CoinMarketCap are bullish on the asset. Only 16% of the 7,916 enthusiasts are bearish on SHIB’s potential gains.

Shiba Inu to $1

According to Telegaon, Shiba Inu investors will have to wait for more than a decade for the asset to reach $1. The network revealed that SHIB will reach the coveted $1 mark only in 2050. Investors would have to hold SHIB for more than 25 years to witness the meme coin surge to this level.

Potential gains for long-term holders

Just $100 (at current prices) would net an investor 6,722,689.07 SHIB tokens. If an investor continues to hold until the meme token reaches $1, total gains would balloon to $6,722,689.07 by 2050.